Kirloskar Industries Ltd — Major Shareholding Notification 2021

Aug 26, 2021

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company (TC)	Name of the Target Company (TC)	Kirloskar Industries Limited	Kirloskar Industries Limited	Kirloskar Industries Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer		India Capital Fund Limited (PAN: AAACM3867E)
Whether the acquirer belongs to Promoter/Promoter group		No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed		BSE Limited (BSE) and National Stock Exchange of India Ltd (NSE)
Details of the	~~acquisition~~/ disposal as follows	Number	% w.r.t. total share/voting capital wherever applicable(*)	% w.r.t. total diluted share/voting capital of the TC (**)
Before the~~acquisition~~/sale under consideration, holding of: a) Shares carrying voting rights b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by equity shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d)		725,205 Nil Nil Nil 725,205	6.82% Nil Nil Nil 6.82%	6.82% Nil Nil Nil 6.82%
Details of~~acquisition~~/sale: a) Shares carrying voting rights~~acquired~~/sold b) VRs~~acquired~~/sold otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carryingvoting rights in the TC (specify holding in eachcategory) ~~acquired~~/sold d) Shares encumbered/ invoked/ released by the acquirer e) Total (a+b+c+/-d)		270,031 [Please see annexure] Nil Nil Nil 270,031	2.14% Nil Nil Nil 2.14%	2.14% Nil Nil Nil 2.14%

	After the~~acquisition~~/sale, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by shares d) Warrants/ convertible securities/ any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d)	455,174 Nil Nil Nil 455,174	4.69% Nil Nil Nil 4.69%	4.69% Nil Nil Nil 4.69%
	Mode of~~acquisition~~/ sale (e.g. open market / off market / public issue / rights issue/ preferential allotment / inter-se transfer/ encumbrance, etc.)	OPEN MARKET
	Date of~~acquisition~~/ sale of shares /~~VR or date of receipt of~~ ~~intimation ofallotment of whichever is applicable~~	[ Please see Annexure ]
	Equity share capital / total voting capital of the TC before the said~~acquisition~~/ sale	INR 97,121,440 (9,712,144 shares of face value of INR 10 each)
	Equity share capital/ total voting capital of the TC after the said~~acquisition~~/ sale	INR 97,121,440 (9,712,144 shares of face value of INR 10 each)
	Total diluted share/voting capital of the TC after the said ~~acquisition~~/ sale

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) 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.

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Si gna t ure o f th e ~~acqu~~ ~~i rer~~ ~~/ seller /~~ Authorized Signatory Couldip Basanta Lala

Place: Mauritius Date: 25 August 2021

ANNEXURE

DETAILS OF SHARES SOLD

	Date		Shares Sold
	13-Aug-21		16,000
	13-Aug-21		46,500
	16-Aug-21		15,705
	16-Aug-21		38,000
	17-Aug-21		39,000
	17-Aug-21		21,000
	18-Aug-21		21,500
	18-Aug-21		31,500
	25-Aug-21		20,450
	25-Aug-21		20,376
	Total shares sold		270,031
Shares held by ICF					725,205
Shares disposed					(270,031)
Shares held as at COB 25-08-2021					455,174
Outstanding shares of Kirloskar Industries prior to disposal				9,712,144
ICF Ownership in Kirloskar Industries prior to disposal					6.82%
ICF Ownership in Kirloskar Industries post disposal					4.69%
Percentage change					-2.14%

India Capital Fund Limited

4[th] Floor, 19, Bank Street, Cybercity, Ebène 72201, Republic of Mauritius

Tel: +(230) 404 8800 Fax: +(230) 404 8899

25 August 2021

The Dy. General Manager Corporate Relationship Dept. Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400001

Fa: +91 22 2272 2039/3236

Dear Sir,

Sub: Disclosures required under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

This is with reference to the captioned subject.

We are pleased to enclose a copy of the forms required under regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for your reference.

You are requested to kindly confirm the above.

Yours faithfully,

________ _

Authorised Signatory

Licensed by the Financial Services Commission of Mauritius