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Man Industries (India) Ltd — Major Shareholding Notification 2021
Aug 31, 2021
62751_rns_2021-08-31_40c888c9-a2b8-42a5-b72f-ce7ff883c979.pdf
Major Shareholding Notification
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Ref. No. 23692/ITSL/OPR/2021-22 August 31, 2021
BSE Limited National Stock Exchange of India Ltd . Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/1, G Block, Mumbai- 400001 Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 MAN Industries (India) Ltd. MAN House, 101, S.V. Road, ------------ Ville Parle(W), Mumbai-400056
Dear Sir/Madam,
Sub: Disclosure pursuant to Regulation 29(2) /(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in relation to release of 10,00,000 equity shares of MAN Industries (India) Ltd.
Pursuant to the disclosure required to be made under Regulation 29(2) read with Regulation 29(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find attached the disclosure in respect of the release of pledge of equity shares of MAN Industries (India) Ltd in favour of IDBI Trusteeship Services Limited (ITSL) acting in its capacity as Security Trustee for the benefit of Union bank of India (“Lender”).
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Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| 1. Name of the Target Company (TC) | MAN INDUSTRIES(INDIA)LIMITED | MAN INDUSTRIES(INDIA)LIMITED | MAN INDUSTRIES(INDIA)LIMITED |
|---|---|---|---|
| 2. Name(s) of the acquirer and | IDBI Trusteeship Services Limited acting as Security Trustee for | ||
| Persons Acting in Concert | the benefit of the -Union Bank of India (Lender). | ||
| (PAC)with the acquirer | |||
| 3. Whether the acquirer belongs | No. IDBI Trusteeship Services Limited is acting as Security | ||
| to Promoter/Promoter group | Trustee of Lender in respect of a Term Loan Facility availed by | ||
| Man Industries (India) Ltd from Union bank of India | |||
| 4. Name(s) of the Stock | BSE | ||
| Exchange(s) where the shares of | NSE | ||
| 5. Details of the | Number | % w.r.t. total | % w.r.t. total diluted |
| acquisition/Release/ | share/voting capital | share/voting capital of | |
| disposal/holding of | wherever | the TC(*) | |
| shares/voting rights/holding of | applicable | ||
| ~~h~~ ~~A~~ ~~i~~ ~~dPAC~~ Before the acquisition/~~disposal~~ |
|||
| /Release~~u~~nder consideration, | |||
| holding of: | |||
| - | - | - | |
| a) Shares carrying voting rights | |||
| b) Shares in the nature of | |||
| encumbrance | 7500000 | 13.134% | 13.134% |
| (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 | |||
| Total(a+b+c+d) | 13.134% | 13.134% | 13.134% |
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| Details of acquisition/release | Details of acquisition/release | Details of acquisition/release | ~~disposal~~ | ~~disposal~~ | |||||
|---|---|---|---|---|---|---|---|---|---|
| a) Shares carrying voting | |||||||||
| rights | acquired | - | - | - | |||||
| b) VRs acquired /sold | |||||||||
| otherwise than by equity | |||||||||
| shares | - | - | - | ||||||
| c) Warrants/convertible | |||||||||
| securities/any other | |||||||||
| instrument that entitles | - | - | - | ||||||
| the acquirer to receive | |||||||||
| shares carrying voting | |||||||||
| rights in the TC (specify | |||||||||
| holding in each category) | |||||||||
| acquired/sold | |||||||||
| d) Shares in the nature of | |||||||||
| encumbrance | |||||||||
| (pledge/release/lien/non- | 1000000 | 1.751% | 1.751% | ||||||
| disposal | |||||||||
| undertaking/others) | |||||||||
| Total (a+b+c+d) | 1000000 | 1.751% | 1.751% | ||||||
| Part- A – Details of Acquisition | |||||||||
| After the | ~~acquisition/sale/R~~elease, | ||||||||
| holding of acquirer along with | |||||||||
| PACs of: | |||||||||
| - | - | - | |||||||
| a) Shares carrying voting | |||||||||
| rights | |||||||||
| - | - | - | |||||||
| b) VRs otherwise than by | |||||||||
| equity shares | |||||||||
| - | - | - | |||||||
| c) 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. | |||||||||
| 6500000 | 11.383% | 11.383% | |||||||
| d) Shares in the nature of | |||||||||
| encumbrance | |||||||||
| (pledge/lien/non-disposal | |||||||||
| undertaking/others) | |||||||||
| Total (a+b+c+d) | 6500000 | 11.383% | 11.383% | ||||||
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| 6. Mode of~~acquisition / sale/~~Release (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance etc). |
6. Mode of~~acquisition / sale/~~Release (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance etc). |
6. Mode of~~acquisition / sale/~~Release (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance etc). |
~~acquisition / sale/~~Release (e.g. | ~~acquisition / sale/~~Release (e.g. | ~~acquisition / sale/~~Release (e.g. | 1000000 EQUITY SHARES RELEASED WHICH WERE |
|---|---|---|---|---|---|---|
| PLEDGED IN FAVOR OF IDBI TRUSTEESHIP SERVICES | ||||||
| LIMITED ACTING AS SECURITY TRUSTEE FOR THE | ||||||
| BENEFIT OF LENDER. | ||||||
| 7. Salient features of the securities acquired including time till redemption, ratio at which it can be converted into equity shares etc. |
- | |||||
| 8. Date of~~acquisition of/~~ ~~sale of shares~~ /release date of receipt of intimation of allotment of shares/VR/warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in |
~~acuisition of/~~ | ~~sale of shares~~ | 26.08.2021 | |||
| ~~q~~ | ||||||
| /release date of receipt of intimation of | ||||||
| allotment of | ||||||
| shares/VR/warrants/convertible | ||||||
| securities/any other instrument that | ||||||
| entitles the acquirer to receive shares in | ||||||
| 9. | Equity share capital / total voting | 5,71,03,055 Equity Shares of Rs.5/- each & | ||||
| capital of the TC before the said | 30,00,000 Equity warrants of Rs. 5/- each | |||||
| ~~acquisition / sale /~~Release | ||||||
| 10. | Equity share capital/ total voting | 5,71,03,055 Equity Shares of Rs.5/- each & | ||||
| capital of the TC after the said | 30,00,000 Equity warrants of Rs. 5/- each | |||||
| ~~acquisition / sale/~~Release | ||||||
| 11. Total diluted after the said |
share/voting capital of the TC | #6,01,03,055 Equity Shares of Rs.5/- each | ||||
| ~~acquisition/sale~~/Release | ||||||
Note: 1000000 Equity Shares have been- released which were pledged in favor of IDBI TRUSTEESHIP SERVICES LIMITED acting as Security Trustee (FOR THE BENEFIT OF LENDER) in respect of a Term Loan Facility availed by Man Industries (India) Ltd.
(*) 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.
(#) The total diluted share capital is calculated assuming full conversion of Equity Warrants into Equity Shares of the company.
| Part-B Name of the Target Company: MAN INDUSTRIES(INDIA) LIMITED |
Part-B Name of the Target Company: MAN INDUSTRIES(INDIA) LIMITED |
PAN of the acquirer and/ or PACs AAACI8912J |
|---|---|---|
| Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer |
Whether the acquirer belongs to Promoter/ Promotergroup |
PAN of the acquirer and/ or PACs |
| IDBI TRUSTEESHIP SERVICES LIMITED ACTING AS SECURITY TRUSTEE FOR THE BENEFIT OF THE LENDER |
NO | AAACI8912J |
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Place: Mumbai
Date: August 31, 2021
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(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of SEBI (Listing Obligation and Disclosure Requirements).
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(**) 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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(***) These shares are pledged for different transactions involving different lenders and there is no nexus/inter connection between those transactions and present transactions.
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(****) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.
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(*) We are the Trustees and holding the shares by way of Share Pledge as Security and we do not have any intention of making investment in shares or acquisition of shares for trading. It is not the business or activity of ITSL to deal in any shares. ITSL does not operate and acquire any shares by purchasing or buying from the Securities Market. ITSL need to sell the Pledged shares only when the Borrower has committed default in Payment of interest or repayment of Principal and in no other case. The sole purpose of the sale is to recover the defaulted dues of the Lenders and not for making any gain.
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