Lodha Developers Limited — Major Shareholding Notification 2021

Jun 7, 2021

June 7 , 2021

To,_ The Bombay Stock Exchange Limlted Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001

The National Stock Exchange Limited Exchange Plaza, Block G, Cl, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051

Requlations timation under ^R SEBI Su uisition and Ta 2011 in resDect of acouisition under Req. 10(1)(a) o, SEBI (Substantial Acquisition of Shares and Takeo r) Requlations. 2011

Dear Sir/Madam,

ln continualion with our earlier letter dated June 5, 2021, please find enclosed revised disclosures lo correct the factual inaccuracy in the disclosures made by us earlier as prescribed under Reg. 1O(5) of SEBI Takeover Code setting out the details of the proposed acquisition of shares of Macrotech Developers Limited.

Kindly acknowledge and include the same in your records

Thanking you,

Yours faithfully,

For Homecraft Develo and Farms Private Limited

w

Ravi Dodhia Director DIN: 09194577

CC: Macrotech Developers Private Limited 17-G, Vardhaman Chamber, Cawasji Patel Road, Mumbai- 400 001

Format for Disclosures under Requlation 10( 5) - lntimatio ⁿto Stock Exchanoes in respect isition under ,| a of bstantlal Takeoversl R ulations. 201I on of Sha

I	Name of the Target Company (TC)		Macrotech Developers Limited
2	Name of the acquirer(s)		Homecraft D evelopers and Farms Private Limited ('HDFPL") (along with person acting in concert, Hightown Constructions Private Limited ('HCpL))
3	Whether the acquirer(s) is/ are promoters of the TC prior to the transaction. lf not, nature of relationship or association with the TC or its promoters		HDFPL and HC PL are wholly owned subsidiaries of Sambhavnath lnfrabuild and Farms Private Limited, a promoter of the Target Company.
4	Details of the proposed acquisition
	a	Name of the person(s) from whom shares are to be acquired	Sambhavnath lnfrabuild and Farms Private Limited
	b	Proposed dale of acquisition	On or after June 'l 1 , 202'l
		Number of shares to be acquired from each person mentioned in 4(a) above	An aggregate of 13,06,14,000 equity shares, in the following manner:
			(i) 2,10,21,010 equity shares by HDFPL from Sambhavnath lnfrabuild and Farms Private Limited; and (ii) 10,95,92,990 equity shares by HCPL from Sambhavnath lnfrabuild and Farms Private Limited.
	d	Total shares to be acquired as % of share capital of TC	Collectively 29.20% of the share capital of the TC
	e	Price at which shares are proposed to be acquired	shares of TC will be acquired at a price not The exceeding the limit provided in proviso 1to regulation 10(1Xa) ofthe SEBI Takeover Code.
	t	Rationale, if any, for the proposed transfer	lnter-se transfer of shares amongst persons who are part oI promoter and promoter group of the TC, as per mutual agreement, as part of internal restructuring.
	Relevant sub-clause of regulation 10(1)(a) under which the acquirer is exempted from making open offer		Regulation 10(1)(a)(iii) of SEBI Takeover Code
6.	lf, frequently traded, volume weighted average market price for a period of 00 trading days preceding the date of issuance of this notice as traded on the stock exchange where lhe maximum volume of trading in the shares of the TC are recorded during such period.		The TC was listed on April 'lg, 2021 and therefore, the shares have not yet been listed for a peiod oI 12 months. The maximum volume of trading in shares of the TC recorded on NSE. Weighted average market price for a period of 33 trading days on NSE is Rs. 610.95.
7	lf in-frequently traded, the price as determined in terms of clause (e) of sub-regulation (2) of reoulation		For this purpose, we have procured a fair market valuation certificate, whereunder the fair market value arrived is Rs. 860.56.
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I sftSt_

8.	Declaration by the acquirer, that the at the shares have been listed only since Given th acquisition price would not be higher by more April 19, 2021 and therefore, it is not possible to than 25o/o of the price computed in point 6 or determine whether the shares are frequently traded point 7 as applicable. or in-frequently traded, we will ensure that the acquisition price is not be higher by more than 25% of the price computed in point 6 as well as the price computed in point 7.
I	Declaration by the acquirer, that the transferor The transferor and transferees have complied / will and lransferee have complied / will comply comply with applicable disclosure requirements in with applicable disclosure requirements in Chapter V of the SEBI Takeover Code. Chapter V of the Takeover Regulations, 2011 (corresponding provisions of the repealed Takeover Regulations 1 997)
'10	Declaration by the acquirer that all the conditions specified under regulation'10('lXa) with respect to exemptions has been duly complied with.		AII the conditions specified under regulation 10(1)(a) with respect to exemptions have been duly complied with.
			Before the proposed transaction		Aftor the proposed transaction
1'l		Shareholding details
			No. of shares /voting rights	ok w.t.t total share capital of TC	No. of shares /voting rights	Yo w.t.l tbtal share capital of TC
		Acquirer(s) and PACS (olher than setlers)(')
		i) Hightown Constructions Private Limited	Nit	Nit	'10,95,92,990	24.50
		ii) Homecraft Developers and Farms Private Limited	Nit	Nit	2,10,21,010	4.70

Note:

• (') Shareholding of each entity may be shown separately and then collectively in a group.
• The above disclosure shall be signed by the acquirer mentioning date & place. ln case, there is more than one acquirer, the report shall be signed either by all ihe persons or by a person duly authorized to do so on behalf of all the acquirers.

For Homecraft Develo and Farms Private Limited

@Jta, Ravi Dodhia Director DIN:09194577