Hindustan Composites Ltd — Major Shareholding Notification 2024

Oct 17, 2024

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17[th] October, 2024

To The Manager – Listing The Manager-DCS National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5[th] Floor, ‘G’ Block Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Mumbai- 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 509635 SYMBOL: HINDCOMPOS

Dear Sir/Madam,

Sub: Intimation of acquisition of stake in HDFC Bank Limited – under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Company has acquired 30,000 (thirty thousand) Equity Shares of Re. 1/- each of HDFC Bank Limited today i.e. 17[th] October, 2024 at around 11:30 a.m., by making an investment of Rs. 5.02 Crore through stock exchange.

The disclosure pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023 is enclosed herewith as Annexure – A .

Kindly take the above on your record.

Thanking you,

Yours faithfully,

For Hindustan Composites Limited

ARVIND Digitally signed by ARVIND PUROHIT PUROHIT Date: 2024.10.17 18:32:41 +05'30' Arvind Purohit Company Secretary & Compliance Officer Membership No.: A33624

Encl.: As stated above

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Annexure A

Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023:

Sr. No.	Particulars	Details
1)	Name of the target entity, details in brief such as size, turnover etc.	Name: HDFC Bank Limited CIN: L65920MH1994PLC080618 Details for the financial year ended 31stMarch, 2024 are as below: Turnover : Rs. 3,07,581.57 Crore PAT : Rs. 1,77,342.38 Crore Net Worth: Rs. 4,27,634.18 Crore
2)	Whether the acquisition would fall within related party transaction(s) and whether the promoter /promoter group /group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	The transaction does not fall within the ambit of related party transaction.
3)	Industry to which the entity being acquired belongs	HDFC Bank Limited is one of India’s leading private sector banks.
4)	Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	The equity shares acquired shall form part of the investment of the Company with a view to gain long term / short term investment benefits.
5)	Brief details of any governmental or regulatory approvals required for the acquisition	Not Applicable.
6)	Indicative time period for completion of the acquisition	The Company has completed the acquisition today,i.e.,on 17thOctober,2024.
7)	consideration - whether cash consideration or share swap or any other form and details of the same	Cash consideration.

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8)	Cost of acquisition and/or the price at which the shares are acquired		Cost of acquisition : Rs. 5.02 crore	Cost of acquisition : Rs. 5.02 crore
9)	Percentage of shareholding/ control acquired and/or number of shares acquired		30,000 Equity Shares of Re. 1/- each
10)	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)		HDFC Bank Limited is one of India’s leading private sector banks. It was incorporated on 30thAugust, 1994. It operates in India. The turnover of target entity for last 3 years is given below: Financial Year Turnover(Rs. in Crore) 2023-24 3,07,581.57 2022-23 1,92,800.36 2021-22 1,57,263.02
			Financial Year	Turnover(Rs. in Crore)
			2023-24	3,07,581.57
			2022-23	1,92,800.36
			2021-22	1,57,263.02
11)	Any other significant information (in brief)		Thedetails of the target entity i.e.HDFC Bank Limited is taken from it’s website and Annual Reports.