Ind-Swift Laboratories Ltd. — Major Shareholding Notification 2020

Oct 16, 2020

Ind-Swift Limited

781, Industrial Area, Phase-II. Chandigarh - 160 002 INDIA Ph.: 0172-4680800, 2638781 Fax: 0172-2652242 E-mail: corporate@indswift.com CIN No.: L24230CH1986PLC006897

October 16, 2020

BSE Limited Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai 400 001

The Company Secretary Ind Swift Laboratories Limited SCO 850, Shivalik Enclave, NAC, Manimajra, Chandigarh-160101 National Stock Exchange of India Limited Exchange Plaza, BKC, Bandra (East) Mumbai 400 001

Sub: Disclosure in terms of Regulation 31 (1) & 31(2) read with regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir/Mam,

This is with reference to our earlier disclosure dated 12th February, 2020 in terms of Regulation 31(1) & 31(2) read with regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 submitted to both the Stock Exchanges (through e-mail) and the Target Company.

In continuation to the same, we are submitting herewith fresh Disclosures with the Stock Exchanges and the Target Company as the process of shifting pledge from SBI to IDBI Trusteeship Services Limited (Security Trustee) has been completed recently. Earlier, the disclosures dated 12th February, 2020 were given only for the information purposes on the basis of Share Pledge Agreement with IDBI Trusteeship Services Limited.

So, please find enclosed fresh disclosure in terms of Regulation 31 (1) & 31(2) read with regulation $28(3)$ of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for shifting of Pledge on the Equity Shares held by Company in Ind Swift Laboratories Limited Shares to IDBI Trusteeship Services Limited acting on behalf of Lenders.

You are requested to kindly take the same on record.

Thanking you, For IND SWIFT LIMITED LON Plot No.781 Ind. Area Phase-II handig AMRENDER KUMAR YADA COMPANY SECRETARY Encl: As Above

Unit 3 Ph. 01795-276032, 276033, Unit 4 Ph. : 8264401522

Mpe of event - Release

ANEXURE - 1

of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares Disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation and Takeovers) Regulations, 2011

Details of the creation of encumbrance:	encumbrance has been created/released/invoked	Name of the promoter or PAC on whose shares	Date of reporting		the target company are listed	Names of the stock exchanges where the shares of	Name of the Target Company(TC)
		IND SWIFT LIMITED	14.10.2020	INDIA LIMITED	2. NATIONAL STOCK EXCHANGE OF	1. BSE LIMITED	IND SOVIET LABORATORIES LIMITED

	HIMANSHUNIAL	TVrNOWTVdO D			LIMITED	IND SMIFT					(s) or PACswith him*	promoter	FeName of
	19690$	00609			02266+6					Number			Promoter holding in thetarget company (1)
	690	0.10			16.08			ShareCapital	Total	% of
	106901	00609			0226676					Number		$\mathcal{O}$	already encumberedPromoter holding
	690	0.10			16.08			ShareCapital	Total	% of
		ı			Release		/invocation)	release	Event(creation /Type of
	ł	f			12.10.2020			ease/invocdipp	creation/relDate of		Q,
	ŧ	ı			Pledge			ance.	Encumbrrype of
	ł		Company	Availed bythe	To SecureDebt			Encumbrance	Reasonsğ				Details of events pertaining to encumbrance $(3)$
	ŧ	ŧ			02266+6				$\mathbf{z}$
	ŧ	$\mathfrak{t}$			16.08			Capital	Shareao af
CONTROLLED			LendersOther	Bank ofIndiaactingwith	State	encumbered ***	spares	whosefavor	entity inName of
z.ConnectPhase-IIind. Area22204101	10690h	00609			$\leq$				$\frac{{\rm I}(1) \cdot (3) {\rm I}}{\rm Number}$ Mumber		$[(2)+(3)]$ / release$[(2)-(3)]$ / invocation	of encumberedshares {creation	Post event holding
p$\mathcal{S}^{\mathcal{E}}_{\mathcal{C}}$	်တို့ တို့(၁)	0.10			$\leqq$			ShareCapital	96 ofTotal

ing.K

X.Normal CompanyConnerti.C$\begin{array}{ll} \text{[PM] We have} \ 1 & \text{[M] We have} \ 1 & \text{[M] We have} \ 1 & \text{[M] We have} \end{array}$Contractorium ParkProduction of the Americae de la concert de la concert de la concert de la concert de la concert de la concert de la concert de la conceLa concert de la concert de la concert de la concert de la concert de la concert de la concert de la concert dWrite APThe manufacturer Property ofyş.

$\mathcal{A}$

LIMITEDCES	BIOSCIENESSIX	BHANAVIMEHTA	MEENAKSHIMEHTA	ATIMUSNAIN	MEHTAS.R.	MEHTAANNIE	NUNUNNDHI	MEHTAく以	RISHAVMEHTA	TVCNOWN.R.	MEHTAUSHAV	MEHTANEERA	NUMJALDIVYA	IALMUNNEETA	TVCNOMJIHVS	MEHTARAVI
	12827787	3000	12000	46100	233600	0822	12000	00629	454545	4721026	3000	000672	3000	12000	2000	12000
	21.71	0.01	20.0	80.0	0.40	0.00	20.02	600	77.0	$-56$	°0.01	0.42	0.01	20.0	0.00	0.02
	16801986	3000	12000	46100	233600	2780	12000	00629	454545	650454	3000	000672	3000	12000	2000	12000
	16.65	D.O1	20.0	80.0	0.40	0.00	20.02	600	77.0	$\vec{a}$	0.01	0.42	0.01	20.02	00.00	20.02
	t	$\pmb{\delta}$	ŧ	ī	ı	f,	t.	ŧ	$\pmb{\cdot}$	ŧ	t,	ŧ	ı	$\pmb{\cdot}$	$\mathfrak{t}$	ţ,
	$\pmb{\cdot}$	t	t	¢		ę,		$\mathbf{r}$	ş	t		J.		÷	$\mathbf i$
	t	t,	ľ	¢					ı	$\pmb{\scriptstyle{1}}$	ţ	ı		ŧ	$\pmb{\ddot{}}$	١.
	$\mathbf{1}$	$\pmb{\mathfrak{g}}$	$\pmb{\ast}$	ł	$\mathbf{I}$	$\pmb{\cdot}$	ı	$\pmb{\ast}$	$\pmb{\ddot{\imath}}$	ŧ	١	$\pmb{\ast}$	ŧ	$\pmb{\ddot{i}}$	$\pmb{\mathfrak{t}}$	$\pmb{\mathfrak{z}}$
	ï	ı	$\pmb{\cdot}$	ŧ	$\pmb{\mathfrak{g}}$	ĭ	ł,	$\mathfrak{t}$	ı	ı	ł	$\mathbf{I}$	t	$\pmb{\cdot}$	¥
	ï	ł	$\pmb{\mathfrak{t}}$	ï	$\mathbf{t}$	ï	f	$\pmb{\mathfrak{t}}$	$\pmb{\mathfrak{t}}$	ś	$\mathbf{I}$	$\mathbf{I}$	$\mathbf{I}$	$\pmb{\mathfrak{t}}$	$\mathbf I$	$\pmb{\mathfrak{z}}$
	$\mathbf i$	$\pmb{\cdot}$	ł	t	ï	ŧ	$\mathbf{I}$	f,	ï	ı	ł	ï		j	ţ	$\pmb{\mathfrak{t}}$
	680786	3000	12000	46100	233600	2780	12000	00629	454545	650454	3000	000672	3000	12000	2000	12000
	16.65	0.01	20.02	0.08	0.40	0.00	0.02	0.09	77.0	01.1	0.01	0.42	0.01	20.02	0.00	20.02

Date: 14.10.2020 Place: CHANDIGARH

一部

appear in the table irrespective of whether they are reporting on the date of event or not. *The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should

***This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender. ** For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc.

	IND SWIFTLIMITED		a∰him*PACs withpromoter(s) orName of
	0226676	Number	Promoter holding inthe target company$\bigoplus$
	16.08	CapitaShare% ofTotal
	$\leqq$	Number	already encumberedPromoter holding$\overline{c}$	encumbrance has been created/released/invokedName of the promoter or PAC on whose sharesDetails of the creation of encumbrance:Date of reporting	Names of the stock exchanges where the shares ofName of the Target Company(TC)the target company are listed
	$\leq$	CapitalShareTotal96 of
	Creation	/invocatio(creation/releaseType ofEvent$\supseteq$			á.
	12.10.2020	creation/reease/invocDate ofation	q,		$\mathsf{R}$
	Pledge	EncumbrType ofance		IND SWIFT LIMITEINDIA LIMITED14.10.2020	BSE LIMITED
	Availed byTo SecureCompanyDebt₹	EncumbranReasons8ቫ	Details of events pertaining to encumbrance $(3)$	Ô	IND SWIFT LABORATORIES LIMITEDNATIONAL STOCK EXCHANGE OF
	02266+6	$\mathbb{R}^{\infty}$
	16.08	CapitaShare% of
CONSCIOUS游	l'rusteeshipacting onbehalf ofServices(SecurityLendersTrustee)LimitedIBIL	encumbereName ofentity insaueuswhosefavor$\mathsf{D}_{\underset{\ast}{\ast}}$
ARGE)$\mu_{\rm N1077}$Phasen 1Ind. Area$\mathbb{P}^{\mathbb{C}}$zp.	0226676	Number	$\frac{1}{2}$ (2)-(3)] invocationPost event holdingshares {creation$[(2)+(3)]$ / releaseof encumbered(6)
	80.91	CapitalShare$^{96}$ OfTotal

$\mathcal{O}$

AINEXURE - 1

of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares Disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation and Takeovers) Regulations, 2011

ype of event - Pheope

	BIOSCIENLIMITEDESSIXCES	BHANAVIMEHTA	MEENAKSHI MEHTA	ATINUSNIA	MEHTAS.R	MEHTAANNIE	TVCNOMNIDHI	MEHTA$\searrow$	RISHAVMEHTA	NUNJALN.R.	MEHTAVAHSI	MEHTANEERA	TYCNOMDIVYA	TVCNOMNEETA	TALMUMSAHIL	MEHTARAVI	HIMANSHNIAL U	IALMUMGOPAL
	1282778	3000	12000	46100	233600	2780	12000	00629	454545	4721026	3000	000672	3000	12000	2000	12000	406961	00609
	21.71	0.01	0.02	0.08	0.40	0.00	0.02	60'0	777	$-56$	0.01	0.42	D.O1	0.02	0.00	0.02	690	0.10
	80+86$\frac{0}{1}$	3000	12000	46100	23360$\circ$	0827	12000	00629	45454Ō,	970994	3000	00612$\circ$	3000	12000	0002	12000	406961	00609
	16.65	0.01	20.02	80.0	0.40	0.00	20.02	60.0	77.0	$\overrightarrow{01}$	0.01	0.42	D.O1	20.0	0.00	0.02	690	0.10
	$\pmb{\mathfrak{z}}$	$\mathbf{1}$	$\mathbf{r}$	$\pmb{\mathfrak{t}}$	$\pmb{\mathbb{I}}$	$\pmb{\mathfrak{g}}$	$\mathbf{r}$	$\mathbf{e}_{\mathbf{e}_i}$$\mathbf{t}$	$\pmb{\mathsf{I}}$	÷	$,$ 1	$,$	$\mathbf{I}$$\gamma$	$\pmb{\mathfrak{r}}$$\hat{\mathbf{r}}$i.	$\mathfrak g$	T	$,$ $,$	$\mathbf{I}$
	$\pmb{\cdot}$	$\mathbf{t}$	T,	$\mathbf{I}$	т.	$\mathbf{t}$	$\mathbf{I}$	ę.$\mathbf{I}$	$\pmb{\mathfrak{z}}$	$\pmb{\ast}$	$\pmb{\mathsf{1}}$	$\pmb{\cdot}$	$\mathbf{r}$	$\mathbf I$	$\mathbf{I}$	$\mathbf I$	$\mathfrak k$	$\mathfrak{t}$
	$\sim$$,$ 1	$\mathbf{1}$	$\mathbf{t}$	$\bullet$	$\pmb{\ast}$	$\pmb{\mathsf{r}}$	$\blacksquare$	$\mathbf{f}$	$\mathbf{r}$	$\pmb{\cdot}$	$\mathbf{r}$	$\mathbf{f}$	$\frac{1}{2}$	$\pmb{\mathfrak{t}}$	$\pmb{\mathbb{I}}$	$\mathbf{I}$	$\mathbf{r}$	$\lesssim 1$
	$\pmb{\cdot}$	$\pmb{\ast}$	$\pmb{\cdot}$	$\pmb{\ast}$	$\mathbf{I}$	$\pmb{\imath}$	ŧ	ł.	$\mathbf I$	$\mathfrak g$	$\pmb{\ddot{\textbf{\i}}}$	$\pmb{\imath}$	$\mathbf{I}$	$\pmb{\mathsf{I}}$	$\pmb{\mathfrak{t}}$	$\pmb{\cdot}$	$\pmb{\mathfrak{t}}$	$\pmb{\cdot}$
	$\mathbf{I}% {t}\left \mathbf{I}{t}\right =\mathbf{I}{t}\left \mathbf{I}{t}\right $	ı	$\pmb{\mathfrak{t}}$	ı	$\pmb{\mathbf{1}}$	$\mathbf I$	f,	$\pmb{\imath}$	$\mathbf i$	$\pmb{\mathsf{r}}$	$\mathbf{I}$	î.	$\pmb{\cdot}$	$\mathbf{I}$	$\pmb{\cdot}$	$\mathbf I$	$\mathfrak t$	$\mathbf{1}$
	$\mathbf{t}$	$\mathbf t$	$\mathbf i$	$\mathbf{t}$		$\mathbf{r}$	$\mathfrak{t}$	$\pmb{\cdot}$		$\mathbf{I}$	$\mathbf{I}$	ï	$\mathbf t$	$\pmb{\mathsf{r}}$	$\mathbf{I}$	$\pmb{\mathfrak{t}}$	$\mathbf{I}$	$\mathfrak{t}$
	$\mathfrak{f}$	ł.	$\pmb{\cdot}$	ı	ŧ	$\pmb{\iota}$	$\pmb{\cdot}$ò,	$\mathbf{I}$	$\pmb{\hat{z}}$	$\pmb{\cdot}$	$\mathbf i$	$\mathbf{1}$	$\blacksquare$	$\pmb{\imath}$	$\mathfrak{k}$	$\pmb{\mathfrak{t}}$	ł,	$\mathbf{r}$
COMINGTON ORIGINAL	1680786	3000	12000	46100	233600	0822	12000	00629	454545	650454	3000	000677	3000	12000	2000	12000	406961	00609
	16.65	0.01	0.02	0.08	0.40	0.00	20.02	0.09	77.0	$-1.0$	0.01	0.42	0.01	0.02	00.00	20.02	690	0.10

iVe

P

Creative C

EST PROVISITOR AND A

Date: 14.10.2020 Place: CHANDIGARH COMPANY SECRETARY AMRENDER/KUMAR YADA FOR IND SWIFT LIMITED EV) Inorganism Vapider Pot Mission Age ∕ Phaserl|| Phase-ll Ą

$\frac{1}{2}$

*The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the date of event or not.

** For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc.

***This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.

Annexure - II

Format for disclosure of reasons for encumbrance

Name of listed company	IND SWIFT LABORATORIES
	LIMITED ("ISLL")
Name of the recognized stock exchanges where the shares	BSE Limited1.
of the company are listed	2.National Stock Exchange of
	India Limited
Name of the promoter(s) / PACs whose shares have been
	Ind Swift Limited
encumbered
Total promoter shareholding in the listed company
	No. of shares - 2,48,14,017
	% of total share capital - 42.00%
Encumbered shares as a % of promoter shareholding	86.87%
Whether encumbered share is 50% or more of promoter
	Yes, considering the collective
shareholding	shareholding of Promoter(s)/PAC of
	ISLL
Whether encumbered share is 20% or more of total share	Yes, considering the collective
capital
	shareholding of Promoter(s)/PAC of
	ISLL

Details of all the existing events/ agreements pertaining to encumbrance

		Encumbrance 1
		(Date of creation of
		encumbrance: 12.10.2020)
	Type of encumbrance (pledge, lien, negative lien, non-
disposal
		Pledge
	undertaking etc. or any other covenant, transaction, condition
	or arrangement in the nature of encumbrance)
	No. and % of shares encumbered	No. of Shares - 9499720
Specific details	Name of the entity in whose favour shares	% of Total Share Capital - 16.08%
aboutthe		IDBI Trusteeship Services Limited
	encumbered (X)	acting on behalf of the lenders.
encumbrance
	Whether the entity $X$ is a scheduled	Security Trustee
	commercialbank,publicfinancial
	institution, NBFC or housingfinance
	company? If No, provide the
	nature of the business of the entity.
	Names of all other entities in the	Entities to Share Pledge Agreement
	agreement	vide which pledge is created are Ind
		Swift Limited (Pledgor) and Ind Swift
	K.	Laboratories Limited (Borrower) and
		IDBI Trusteeship Services Limited
		(Security Trustee) and IDBI
		Trusteeship Services Limited as agent
		of Vistra ITCL (India) Limited
		(Debenture Trustee)

	Whether the encumbrance is relating to any $\operatorname{\sf Yes}$ , encumbrance is related to NCDsdebt instruments viz. debenture, commercial and OCDs. The credit rating for NCDspaper, certificate of deposit etc.? If yes,provide details about the instrument,including credit Rating	is CARE C: Stable (SingleC;Outlook:Stable)
Security Cover /Asset Cover	on the date of event)Value of sharesagreement (A)	Rs. 53,67,34,180/-
	Amount involved (against which shareshavebeen encumbered) (B)	Rs. 868.06 Crores as per the pledgeagreement entered into with SecurityTrustee.
	Ratio of A / B	0.061
ofEndusemoneV	Borrowed amount to be utilized for whatpurpose -(a) Personal use by promoters andPACs(b) For the benefit of listed companyProvide details including amount, purpose	The funds raised were utilized for re-payment of existing debts of theCompany as on 31.03.2018. Presently,the pledge has been shifted from SBIto IDBI Trusteeship Services to securethe interest of all the lenders.
	of raising money by listed company,scheduleforutilizationοfamount.repayment schedule etc.
	(c) Any other reason (please specify)	NA

$\hat{\sigma}_\mathrm{a}$

CO-SWIFE For IND SWIFT LIMITED $\hat{\mathcal{W}}$ Plot No.781 $\hat{\mathbb{S}}$ 贪 M ٠. Chandigain AMRENDER KUMAR YADAV

Place : CHANDIGARH

Date: 14.10.2020