AI assistant
KDDL Ltd — Major Shareholding Notification 2024
May 25, 2024
60919_rns_2024-05-25_e4a5812e-bb8e-46ea-ba59-9420471e07c6.pdf
Major Shareholding Notification
Open in viewerOpens in your device viewer
KDDL Limited
Kamla Centre, SCO 88-89, Sector 8-C, Chandigarh - 160 009, INDIA. Tel: +91 172 2548223/24, 2544378/79 Fax: +91 172 2548302, Website:www.kddl.com ; CIN-L33302HP1981PLC008123
Ref: KDDL/CS/2024-25/19 Date: 25[th] May, 2024
==> picture [48 x 48] intentionally omitted <==
National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, Mumbai - 400 051
BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001
Trading Symbol : KDDL
Scrip Code : 532054
Subject: Intimation for the sale of Shares by Mahen Distribution Limited, Wholly Owned Subsidiary
Dear Sir/ Madam,
Please be informed that Mahen Distribution Limited (MDL), wholly owned subsidiary of KDDL Limited (KDDL) has sold 1,90,724 equity shares of Rs. 10 each of Ethos Limited (material subsidiary of the Company) through open market and post this sale of shares, consolidated shareholding of KDDL (directly and indirectly through its subsidiary, MDL) in Ethos Limited has reduced from 53.83 % to 53.05 % on a fully diluted basis.
In this regard, disclosure pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and master circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 is given below:
| Sr.No. | Information | Details |
|---|---|---|
| A | The amount and percentage of the turnover or revenue orincome and net worth contributed by such unit or division of thelisted entity during the last financial year | Mahen Distribution Limited :(a) Revenue as on 31-03-2024: Rs. 348.80 lacs(b) Net Worth as on 31-03-2024: Rs. 3916.12 lacs. |
| B | Date on which the agreement for sale has been entered into; | The said transaction of sale of Shares was done through openmarket. Hence, no agreement for sale was required. |
| C | The expected date of completion of sale/disposal; | The said transaction of sale of Shares was done through openmarket. |
| D | Consideration received from such sale/disposal; | Rs. 45.61 cr. |
| E | Brief details of buyersandwhether any of the buyers belong to the promoter/ promotergroup/group companies. If yes, details thereof; | The said transaction of sale of Shares was done through openmarket.No |
| F | Whether the transaction would fall within related partytransactions? If yes, whether the same is done at “arms length”; | No |
Kindly take the same on record.
Thanking you,
Yours truly
For KDDL Limited
Brahm Prakash Kumar Digitally signed by Brahm Prakash Kumar Date: 2024.05.25 15:09:09 +05'30'
Brahm Prakash Kumar Company Secretary
==> picture [449 x 18] intentionally omitted <==