Modipon Ltd. — Major Shareholding Notification 2023

Oct 25, 2023

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23 October 2023

Fax No.: 91 22 2272 3121

Mr Amit Kadam Listing Department The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 India

Dear Sir,

We transmit herewith details of the holdings of APMS Investment Fund Ltd in Modipon Ltd as at 20 October 2023.

for APMS Investment Fund Ltd

_________ IQ EQ Fund Services (Mauritius) Ltd (Company Secretary)

APMS Investment Fund Ltd. 33, Edith Cavell Street, Port Louis, Republic of Mauritius T +230 212 9800 F +230 208 9973

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

Name of the Target Company (TC)	Modipon Ltd	Modipon Ltd	Modipon Ltd
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	APMS Investment Fund Ltd
Whether the acquirer belongs to Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	BSE
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(**)
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 shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holdingin each category) Before the acquisition/disposal under consideration, holding of:	691,167 N/A N/A N/A	5.9703% N/A N/A N/A	5.9703% N/A N/A N/A
Total (a+b+c+d)	691,167	5.9703%	5.9703%
a) Shares carrying voting rights acquired/sold b) VRs acquired/sold otherwise than by 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 encumbered / invoked/released by the acquirer Details of acquisition/sale:	691,167 - N/A N/A -	-5.9703% N/A N/A N/A	-5.9703% N/A N/A N/A
Total (a+b+c+d)	691,167 -	-5.9703%	-5.9703%

APMS Investment Fund Ltd. 33, Edith Cavell Street, Port Louis, Republic of Mauritius T +230 212 9800 F +230 208 9973

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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/sale	- N/A N/A N/A	0.0000% N/A N/A N/A	0.0000% N/A N/A N/A
Total (a+b+c+d)	-	0.0000%	0.0000%
Mode of acquisition / sale (e.g open market / off- market / public issue / rights issue / preferential allotment / inter-se transfer etc).	Market sale
Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	Various (***)
Number of shares of paid up Capital of the TC before the said dilution of shareholding	11,576,689 shares
Number of shares of paid up Capital of the TC after the said dilution of shareholding	11,576,689 shares
Total diluted share/voting capital of the TC after the said dilution of shareholding	11,576,689 shares

(*) 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.

(***) Refer to Annexure.

Yours faithfully,

for APMS Investment Fund Ltd

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IQ EQ Fund Services (Mauritius) Ltd (Company Secretary) Place: Mauritius Date: 23.10.2023

APMS Investment Fund Ltd. 33, Edith Cavell Street, Port Louis, Republic of Mauritius T +230 212 9800 F +230 208 9973

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ANNEXURE

Trade Date	Security Name	Trading member through whom the trade was executed with SEBI Registration no. of the TM	Exchange on which the trade was executed	Buy / (Sell) Quantity (shares)	Buy /(Sell) Value (INR)	Cum. Balance (shares)	% holding
24/01/2017	Opening balance			776,009		776,009	6.7032%
22/06/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,925)	75,659.53	774,084	6.6866%
24/06/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,496)	52,988.81	772,588	6.6737%
30/06/2022	Modipon Ltd	SMIFS Limited	BSE	(602)	21,915.60	771,986	6.6685%
11/07/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,410)	45,228.84	770,576	6.6563%
12/07/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(2,529)	78,250.49	768,047	6.6344%
13/07/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(500)	15,220.91	767,547	6.6301%
15/07/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(800)	23,246.44	766,747	6.6232%
20/07/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(550)	16,391.13	766,197	6.6184%
21/07/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(2,546)	75,854.00	763,651	6.5965%
25/07/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(750)	21,648.33	762,901	6.5900%
04/08/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(579)	16,329.58	762,322	6.5850%
24/08/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(29,000)	1,119,340.43	733,322	6.3345%
25/08/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(5,000)	194,911.45	728,322	6.2913%
02/09/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,750)	62,414.28	726,572	6.2762%
08/09/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(4,043)	141,431.63	722,529	6.2412%
09/09/2022	Modipon Ltd	SMIFS Limited	BSE	(1,900)	65,090.56	720,629	6.2248%
13/09/2022	Modipon Ltd	SMIFS Limited	BSE	(10,400)	376,510.68	710,229	6.1350%
14/09/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(3,500)	124,256.03	706,729	6.1048%

APMS Investment Fund Ltd. 33, Edith Cavell Street, Port Louis, Republic of Mauritius T +230 212 9800 F +230 208 9973

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ANNEXURE

Trade Date	Security Name	Trading member through whom the trade was executed with SEBI Registration no. of the TM	Exchange on which the trade was executed	Buy / (Sell) Quantity (shares)	Buy /(Sell) Value (INR)	Cum. Balance (shares)	% holding
16/09/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,050)	36,084.06	705,679	6.0957%
20/09/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,115)	40,265.77	704,564	6.0861%
21/09/2022	Modipon Ltd	ICICI Securities Limited	BSE	(775)	27,318.18	703,789	6.0794%
14/10/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(500)	17,250.48	703,289	6.0750%
17/10/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,035)	34,709.36	702,254	6.0661%
18/10/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(10,000)	350,649.57	692,254	5.9797%
15/12/2022	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(1,087)	50,957.63	691,167	5.9703%
20/10/2023	Modipon Ltd	MIB Securities India Pvt. Ltd.	BSE	(691,167)	82,283,032.96	-	0.0000%
Total - 0.0000%

Yours faithfully,

For APMS Investment Fund Ltd

IQ EQ Fund Services (Mauritius) Ltd (Company Secretary)

APMS Investment Fund Ltd. 33, Edith Cavell Street, Port Louis, Republic of Mauritius T +230 212 9800 F +230 208 9973