India Nippon Electricals Ltd — Major Shareholding Notification 2021

Apr 22, 2021

To,

Listing Department	Listing Department
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal St, Kala	Exchange Plaza Block G, C 1, Bandra East,
Ghoda, Fort, Mumbai, Maharashtra 400001	Mumbai, Maharashtra 400051
Scrip Code: 532240	Scrip Code: 532240
	Trading Symbol: INDNIPPON
Company Secretary and Compliance Officer
India Nippon Electricals Limited
No. 11 & 13, (Old No. 6 & 7) Patullos Road,
Chennai – 600002

Dear Sir,

Sub: Annual Disclosure under Regulation 30(1) and 30(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011 for year ended March 31, 2021

Please find enclosed herewith the disclosure under 30(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011, pertaining to the aggregate shareholding of Mahle Electric Drives Japan Corporation and Mahle Holding (India) Private Limited (collectively, the "Mahle Group") in India Nippon Electricals Limited, for the year ended March 31, 2021.

Kindly request you to update the same in your record.

Thanking You,

Yours Faithfully,

On behalf of the Mahle Group

MUKESH KUMAR SOMANI Digitally signed by MUKESH KUMAR SOMANI Date: 2021.04.10 13:48:30 +05'30'

Signature of the Authorized Signatory: ………………………………

Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part A – details of Shareholding

1.	Name of the Target Company (TC)	M/s India Nippon Electricals Limited
2.	Name(s) of the stock exchange(s) where theshares of the TC are listed	National Stock Exchange of India Ltd, Mumbai;BSE Ltd, Mumbai
3.	Particulars of the shareholder(s) :
a.	Name of person(s) together with PersonsActing in Concert (PAC) whose total holding(includingthatintheformofshares,warrants,convertiblesecuritiesandanyother instrument that would entitle the holderto receive shares in the TC) is more than25% of the voting rights of the TC.Or
b.	Name(s) of promoter(s), member of thepromoter group and PAC with him.	a.Mahle Electric Drives Japan Corporation(Foreignpromoter)b.Mahle Holding (India) Private Limited (Group entity ofthe foreign promoter) (together with Mahle ElectricDrives Japan Corporation, referred as the "MahleGroup")c.Lucas Indian Service Ltd (Indian promoter)
4.	Particulars of the shareholding of person(s)mentioned at (3) above*	Number of shares	%w.r.t.totalshare/votingcapitalwhereverapplicable	%oftotaldilutedshare/votingcapital of TC(*)
	As of 31st March 2021of the year, holding
	of:a) Shares (face value Rs.5 per equityshare)	1,50,18,332	66.39	NA
		NA	NA	NA
	b)VotingRights(otherwisethanbyshares)	NA	NA	NA
		NA	NA	NA
	c) Warrants,d) Convertible Securities	NA	NA	NA
	e) Any other instrument that would entitlethe holder to receive shares in the TC.
	Total	1,50,18,332	66.39

Note: On 24th December 2019, Mahle Electric Drives Japan Corporation (one of the promoter entities of the target company) carried out an inter-se transfer of 30,00,000 equity shares in the target company viz., India Nippon Electricals Limited, to its group company Mahle Holding (India) Private Limited, under Regulation 10 (1) (a) (iii) of

SEBI (Acquisition of Shares & Takeovers) Regulations. 2011. Hence, Mahle Holding (India) Private Limited became a part of the Promoter/Promoter Group of the Target Company, pursuant to the inter-se transfer and there is no change in overall shareholding of Promoter/ Promoter Group.

*Shareholding details of the respective promoter(s), member of the promoter group and PAC with him specified in Annexure A

On behalf of the Mahle Group Signature of the Authorized Signatory: ……………………………….. MUKESH KUMAR SOMANI Digitally signed by MUKESH KUMAR SOMANI Date: 2021.04.10 13:49:17 +05'30'

Place: India Date: 10th April, 2021

Annexure A

Name(s)ofpromoter(s),memberofthe	Whetherthepersonbelongstopromoter/promotergroup	Details of shareholding
promotergroupandPACwithhim.		Number of shares	%w.r.t.totalshare/votingcapitalwhereverapplicable	%oftotaldilutedshare/votingcapital of TC (*)
MahleElectricDrivesJapanCorporation	Yes	16,41,000	7.254	NA
MahleHolding(India)PrivateLimited	Yes	30,00,000	13.262	NA
LucasIndianService Limited	Yes	1,03,77,332	45.874	NA
Total		1,50,18,332	66.390	NA

Part B**

Name of the Target company: India Nippon Electricals Ltd

Name(s) of the person and personsacting in concert (PAC) with the person	Whetherthepersonbelongs topromoter/promoter group	PAN of the person and PACs
Mahle Electric Drives Japan Corporation	Yes	AAECK1064D
Mahle Holding (India) Private Limited	Yes	AAGCM2208M
Lucas Indian Service Limited	Yes	AAACL1018J

Note:

1. Note: In case of promoter(s) making disclosure under regulation 30(2), no additional disclosure under regulation 30(1) is required.

• (*) Diluted share / voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/ warrants into equity shares of the TC.
• (**) Part - B shall be disclosed to the Stock Exchanges but shall not be disseminated

On behalf of the Mahle Group
Signature of the Authorized Signatory: ………………………………

Place: India Date: 10th April 2021