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Madhucon Projects Ltd. Major Shareholding Notification 2023

Apr 3, 2023

61181_rns_2023-04-03_9ef38387-d6fd-4cdf-9e19-4724be687e24.pdf

Major Shareholding Notification

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Date: 01-04-2023


The National Stock Exchange (NSE) of India
Limited,
Bandra (East),
Mumbai- 400 051.
NSE Scrip Code - MADHUCON
The Stock Exchange Mumbai (BSE)
Corporate Relationship Dept.,
Dalal Street, Fort,
Mumbai -400 001


The National Stock Exchange (NSE) of India
Limited,
Bandra (East),
Mumbai- 400 051.
BSE Scrip Code: 531497 NSE Scrip Code - MADHUCON

Dear Sir / Madam,

Sub: Disclosures under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and takeovers) Regulations, 2011.

Please find enclosed herewith the disclosure dated April 1[st ] 2023 in the prescribed format under regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in respect of Equity Shares of Madhucon Projects Limited (Target Company) transmitted to me from my Late Mother Mrs. Varamma Nama (Promoter of Madhucon Projects Limited)

The aforesaid transmission is pursuant to regulation 10(1)(g) of SEBI ( SAST) Regulation, 2011 and hence exempted from obligation of making an open offer.

This is for your information & record.

Thanking You ,

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(Tulasamma Malampati)

Encl: As Above.

Disclosures under Regulation 10(6) –Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011)

1. Name of the Target Company (TC) Name of the Target Company (TC) Madhucon Projects Limited Madhucon Projects Limited Madhucon Projects Limited Madhucon Projects Limited
2. Name of the acquirer(s) Tulasamma Malampati
3. Name of
the stock exchange where
shares of the TC are listed

National Stock Exchange of India Ltd, BSE
Limited
4. Details of the transaction
including rationale,
if
any, for the
transfer/
acquisitionofshares.
the equity shares of the company are
transmitted to me on march 31st, 2023 from
my Late mother Mrs. Varamma Nama on her
demise
5. Relevant regulation under which the
acquirer is exempted from making
open
offer.
Regulation 10(1)(g) of SEBI (substantial
Acquisition
of
shares
and
Takeovers)
Regulations , 2011
6. Whether
disclosure
of
proposed
acquisition was required to be made
under regulation 10 (5) and if so,
-Whether disclosure was made and
whether it was made within the
timeline
specified
under
the
regulations.
-Date of filing with the stock
exchange.
Not required as the transaction falls under
Regulation 10(1) (g) pertaining to transmission
of Equity Shares
7. Details of acquisition Disclosures required
to be made under
regulation 10(5)


Whether the
disclosures under
regulation 10(5) are
actuallymade
a. Name of the transferor / seller Not Applicable Not Applicable
b. Date of acquisition Not Applicable Not Applicable
c. Number of shares/ voting rights in
respect of the acquisitions from
eachperson mentioned in 7(a)above
Not Applicable Not Applicable
d. Total shares proposed to be acquired
/ actually acquired as a % of
diluted share capital of TC
Not Applicable Not Applicable
e. Price at which shares are proposed
to be acquired / actuallyacquired
Not Applicable Not Applicable
8. Shareholding details Pre-Transaction Post-Transaction
No. of
shares
held
%
w.r.t
total share
capital of
TC
No. of
shares
held
% w.r.t total
share
capital
of TC
a Each Acquirer / Transferee(*)
Mrs.Tulusamma Malampati 6,45,0000
0.87%
12,90,000
1.75%
b Each Seller / Transferor
Mrs. Varamma Nama 6,45,000 0.87% - -

Note:

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  • (*) Shareholding of each entity shall be shown separately and then collectively in a group.

  • The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

Thanking You

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(Tulasamma Malampathi)

Place: Khammam Date: 01-04-2023