Greenpanel Industries Limited — Major Shareholding Notification 2021

Dec 14, 2021

SHOBHAN MITTAL HOUSE NO. 5, CHERRY LANE, DLF FARMS, CHATTARPUR, DELHI - 110074

December 14, 2021

To The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex Bandra (E), Mumbai – 400051 Scrip Code: GREENPANEL	To The Department of Corporate Services BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street Mumbai – 400 001 Scrip Code: 542857
Company Secretary & Compliance Officer Greenpanel Industries Limited Makum Road,Tinsukia,Assam-786125

Dear Sir,

Please find enclosed herewith Disclosures under Regulation 10(6) – Report to Stock Exchanges in respect of acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Thanking you,

Yours Sincerely,

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SHOBHAN MITTAL (Acquirer)

Encl: a/a

SHOBHAN MITTAL HOUSE NO. 5, CHERRY LANE, DLF FARMS, CHATTARPUR, DELHI - 110074

– Format for Disclosures under Regulation 10(6) Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.	Name of the Target Company (TC)	M/s Greenpanel Industries Ltd. (GIL) There is an indirect inter se acquisition of shares and voting rights in GIL by the Acquirer.
2.	Name of the acquirer(s)	Mr. Shobhan Mittal. There is an indirect acquisition of shares and voting rights in GIL bythe Acquirer.
3.	Name of the stock exchange where shares of the TC are listed	National Stock Exchange of India Limited. BSE Ltd.
4.	Details of the transaction including rationale, if any, for the transfer/ acquisition of shares.	S.M. Management Private Ltd. (SMMPL) is holding 3,16,26,965 (25.79%) shares in GIL. Prior to this transaction, Mr. Shiv Prakash Mittal was holding 1,24,10,507 (82.52%) shares in SMMPL and has transferred his entire shareholding in SMMPL to his son Mr. Shobhan Mittal by way of Gift. Mr. Shiv Prakash Mittal (Father) and Mr. Shobhan Mittal (Son) are immediate relatives. Pursuant to the aforesaid gift transaction, the shareholding of Mr. Shobhan Mittal in SMMPL has increased from Nil (0%) to 1,24,10,507 (82.52%). Hence, this is an Indirect acquisition of shares and voting rights of Target Company and falls within Inter-se Transfer between the Immediate Relatives.
5.	Relevant regulation under which the acquirer is exempted from making open offer.	Regulation 10(1)(a)(i)
6.	Whether disclosure of proposed acquisition was required to be made under regulation 10(5) and if so, − Whether disclosure was made and whether it was made within the timeline specified under the regulations. − Date of filing with the stock exchange.	Yes 06.12.2021

SHOBHAN MITTAL HOUSE NO. 5, CHERRY LANE, DLF FARMS, CHATTARPUR, DELHI - 110074

7.	Details of acquisition	Disclosures made/required to be made under regulation 10(5)	Actual
	a. Name of the transferor / seller	Mr. Shiv Prakash Mittal Please note that Mr. Shiv Prakash Mittal is not directly transferring any equity shares of the Target Company. However, he is transferring 1,24,10,507 (82.52%) shares in SMMPL which holds 3,16,26,965 (25.79%) shares in GIL to the Acquirer as a Gift.	Mr. Shiv Prakash Mittal Please note that Mr. Shiv Prakash Mittal is not directly transferring any equity shares of the Target Company. However, he is transferring 1,24,10,507 (82.52%) shares in SMMPL which holds 3,16,26,965 (25.79%) shares in GIL to the Acquirer as a Gift.
	b. Date of acquisition	On or after December 13, 2021.	On December 13, 2021.
	c. Number of shares/voting rights in respect of the acquisitions from each person mentioned in 7(a) above	The Acquirer shall not directly acquire any shares in the Target Company but will acquire 1,24,10,507 (82.52%) shares in SMMPL which holds 3,16,26,965 (25.79%) shares in GIL. Pursuant to the aforesaid acquisition, the shareholding of Mr. Shobhan Mittal in SMMPL shall increase from Nil to 1,24,10,507(82.52%).	The Acquirer shall not directly acquire any shares in the Target Company but will acquire 1,24,10,507 (82.52%) shares in SMMPL which holds 3,16,26,965 (25.79%) shares in GIL. Pursuant to the aforesaid acquisition, the shareholding of Mr. Shobhan Mittal in SMMPL shall increase from Nil to 1,24,10,507(82.52%).
	d. Total shares proposed to be acquired / actually acquired as a % of diluted share capital of TC	The Acquirer shall not directly acquire any shares in the Target Company but will acquire 1,24,10,507 (82.52%) shares in SMMPL which holds 3,16,26,965 (25.79%) shares in GIL. Pursuant to the aforesaid acquisition, the shareholding of Mr. Shobhan Mittal in SMMPL shall increase from Nil to	The Acquirer shall not directly acquire any shares in the Target Company but will acquire 1,24,10,507 (82.52%) shares in SMMPL which holds 3,16,26,965 (25.79%) shares in GIL. Pursuant to the aforesaid acquisition, the shareholding of Mr. Shobhan Mittal in SMMPL shall increase from Nil to

SHOBHAN MITTAL

HOUSE NO. 5, CHERRY LANE, DLF FARMS, CHATTARPUR, DELHI - 110074

		1,24,10,507(82.52%).	1,24,10,507(82.52%).	1,24,10,507(82.52%).	1,24,10,507(82.52%).
	e. Price at which shares are proposed to be acquired / actually acquired	Not applicable as there is no direct acquisition of shares of the Target Company. The transfer of shares of SMMPL between Mr. Shiv Prakash Mittal and Mr. Shobhan Mittal is in nature of Gift.		Not applicable as there is no direct acquisition of shares of the Target Company. The transfer of shares of SMMPL between Mr. Shiv Prakash Mittal and Mr. Shobhan Mittal is in nature of Gift.
8.	Shareholding details	Pre-Transaction		Post-Transaction
		No. of shares held	% w.r.t. to total share capital of TC	No. of shares held	% w.r.t. to total share capital of TC
	− Each Acquirer / Transferee(*)	As per Annexure A
	− Each Seller / Transferor

SHOBHAN MITTAL HOUSE NO. 5, CHERRY LANE,

DLF FARMS, CHATTARPUR, DELHI - 110074

Note:

• (*) Shareholding of each entity shall be shown separately and then collectively in a group.

• The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

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SHOBHAN MITTAL (Acquirer)

Date: 14.12.2021 Place: Delhi

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Name of the Target Company: Greenpanel Industries Ltd. (GIL)

Annexure A

S. No	Particulars	Pre Transaction	Pre Transaction	Pre Transaction	Transaction	Transaction	Transaction	Post Transaction	Post Transaction	Post Transaction
		Number	% w.r.t Total Share Capital	% w.r.t Total diluted share capital	Number	% w.r.t Total Share Capital	% w.r.t Total diluted share capital	Number	% w.r.t Total Share Capital	% w.r.t Total diluted share capital
Acquirer:
1	SHOBHAN MITTAL	10588380	8.63%	8.63%	0	0	0	10588380	8.63%	8.63%
Seller:
1	SHIV PRAKASH MITTAL	755000	0.62%	0.62%	0	0	0	755000	0.62%	0.62%
Other entities forming part of Promoter Group:
1	RAJESH MITTAL	38,49,900	3.14%	3.14%	0	0	0	3849900	3.14%	3.14%
2	SANTOSH MITTAL	1465900	1.20%	1.20%	0	0	0	1465900	1.20%	1.20%
3	KARUNA MITTAL	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
4	SANIDHYA MITTAL	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
5	CHITWAN MITTAL	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
6	MASTER ADITYA MITTAL	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
7	RAJESH MITTAL & SONS,HUF	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
8	S.M. MANAGEMENT PVT. LTD.	31626965	25.79%	25.79%	0	0	0	31626965	25.79%	25.79%
9	PRIME HOLDINGS PVT. LTD.	13332800	10.87%	10.87%	0	0	0	13332800	10.87%	10.87%
10	VANASHREE PROPERTIES PVT. LTD.	3116055	2.54%	2.54%	0	0	0	3116055	2.54%	2.54%
11	BLUESKY PROJECTS PRIVATE LIMITED	375000	0.31%	0.31%	0	0	0	375000	0.31%	0.31%
12	NIRANJAN INFRASTRUCTURE PRIVATE LIMITED	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
13	R S HOMCON LIMITED	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
14	SHOWAN INVESTMENT PRIVATE LIMITED	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
15	BRIJBHUMI MERCHANTS PRIVATE LIMITED	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
16	BRIJBHUMI TRADEVIN PRIVATE LIMITED	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
17	MASTERMIND SHOPPERS PRIVATE LIMITED	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
18	DHOLKA PLYWOOD INDUSTRIES PRIVATE LIMITED	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
19	TRADE COMBINES PTE. LTD. (INCORPORATED IN SINGAPORE)	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
20	RKS FAMILY FOUNDATION	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
21	RAJESH MITTAL (ON BEHALF OF TRADE COMBINES, PARTNERSHIP FIRM)	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
22	MITTALGREEN PLANTATIONS LLP	0	0.00%	0.00%	0	0	0	0	0.00%	0.00%
	TOTAL PROMOTER HOLDING	65110000	53.10%	53.10%	0	0	0	65110000	53.10%	53.10%

Note: There had been no change in shareholding of Greenpanel Industries Ltd. (GIL). In the above transaction, Mr. Shiv Prakash Mittal had Gifted 1,24,10,507 (82.52%) equity shares in S.M. Management Private Ltd. (SMMPL), to his son Mr. Shobhan Mittal. Since, SMMPL holds 3,16,26,965 (25.79%) shares in GIL, this falls into indirect accqusition of shares / Voting rights of GIL.

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