Morepen Laboratories Ltd. — Major Shareholding Notification 2021

Mar 31, 2021

Dated: March 31, 2021

To,

• 1. National Stock Exchange of India Limited Exchange Plaza, Sandra Kurla Complex, Bandra (East), Mumbai- 400 051
• 3. Morepen Laboratories Limited Morepen Village, Nalagarh Road, Baddi, Distt. Solan, Himachal Pradesh - 173 205

2. BSE Limited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 00 I

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

Dear Sir/ Madam,

With reference to the above captioned subject, please note that, we, Liquid Holdings Private Limited (hereinafter referred as 'Acquirer') along with Brook Investments & Financial Services Private Limited, Concept Credits & Consultants Private Limited, Epitome Holdings Private Limited, Scope Credits & Financial Services Private Limited, Mid-Med Financial Services & Investments Private Limited, React Investments & Financial Services Private Limited, Solitary Investments & Financial Services Private Limited, Square Investments & Financial Services Private Limited, Solace Investments & Financial Services Private Limited, Seed Securities & Services Private Limited, Arun Suri, Kanta Suri, Rajas Suri (KB Suri Sons HUF), Sanjay Suri (Sanjay Suri sons HUF), Praduman Lal Suri HUF, Sushi! Suri (Sushi! Suri Sons HUF), Anubhav Suri (Arun Suri Sons HUF), Mamta Suri, Sonia Suri, Sanjay Suri, P.L. Suri, Anju Suri, Sushi! Suri, Sunita Suri, Shalu Suri, Varun Suri, Anubhav Suri, Sara Suri, Gulfy Suri, Aanchal Suri, Rajas Suri, Master A1j un Suri, Kanak Suri, Aanandi Suri and Baby Aakriti Suri (Hereinafter collectively referred to as 'PACs') was allotted 3,50,00,000 (Three Crores and Fifty Lakhs) Fully Conve1iible Warrants carrying a right to subscribe an equal number of Equity Shares of INR 2/- each on preferential basis by Morepen Laboratories Limited ('Target Company') in the meeting of its Board of Directors held on March 26, 2021.

Pursuant to the same, we are hereby submitting the disclosure required under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Kindly take the above information on your records.

For an;( n ehalf of Acquirer along with PACs :

A Su�^v

Authorised signatory

Encl. as stated above.

Regulations, 2011

$\mathbb{R}^2$

Name of the Target Company (TC)	Morepen Laboratories Limited
Names of the Acquirer and Persons Acting in	Liquid Holdings Private Limited
Concert (PAC) with the Acquirer	(Hereinafter referred to as 'Acquirer')
	Brook Investments & Financial Services Private Limited Concept Credits & Consultants Private Limited Epitome Holdings Private Limited Scope Credits & Financial Services Private Limited Mid-Med Financial Services & Investments Private Limited React Investments & Financial Services Private Limited Solitary Investments & Financial Services Private Limited Square Investments & Financial Services Private Limited Solace Investments & Financial Services Private Limited Seed Securities & Services Private Limited Arun Suri Kanta Suri Rajas Suri (KB Suri Sons HUF) Sanjay Suri (Sanjay Suri sons HUF) Praduman Lal Suri HUF Sushil Suri (Sushil Suri Sons HUF) Anubhav Suri (Arun Suri Sons HUF) Mamta Suri Sonia Suri Sanjay Suri P.L. Suri Anju Suri Sushil Suri Sunita Suri Shalu Suri Varun Suri Anubhav Suri Sara Suri Gulfy Suri Aanchal Suri Rajas Suri Master Arjun Suri Kanak Suri
	Aanandi Suri Baby Aakriti Suri
	(Hereinafter collectively referred to as 'PACs')
Acquirer Whether the belongs Promoter/ to	Yes
Promoter group
Name(s) of the Stock Exchange(s) where the shares	National Stock Exchange of India Limited
of TC are Listed	BSE Limited

Details of the acquisition as follows		Number	% w.r.t. total	$\%$ w.r.t.
			share/voting	total diluted
			capital	share/voting
			wherever	capital of
			applicable	the TC*
	Before the acquisition under consideration,
	holding of acquirer along with PAC of:
a)	Shares carrying voting rights
	Acquirer	3,000	0.00	$0.00^{#}$
	PACs	15,53,68,588	34.54	$32.05^{#}$
b)	Shares in the nature of encumbrance (pledge/
	lien/non-disposal undertaking/others)	Nil	NA	NA
C)	Voting rights (VR) otherwise than by equity
	shares	Nil	NA	NA
$\mathrm{d}$ )	Warrants/convertible securities/any other
	instrument that entitles the acquirer to receive
	shares carrying voting rights in the TC
	(specify holding in each category)
	Acquirer	Nil	NA	NA
	PACs	3,50,00,000		$7.22^{#}$
e)	Total $(a+b+c+d)$	19,03,71,588	34.54	$39.27$ #
	Details of acquisition
a)	Shares carrying voting rights acquired	Nil	NA	NA
b)	VRs acquired otherwise than by equity shares
c)	Warrants/convertible securities/any other	Nil	NA	NA
	instrument that entitles the acquirer to receive
	shares carrying voting rights in the TC
	(specify holding in each category) acquired.
	Acquirer
	- Liquid Holdings Private Limited	3,50,00,000		6.73
$\mathbf{d}$	Shares encumbered/invoked/released by the
	Acquirer	Nil	NA	NA
e)	Total $(a+b+c+d)$	3,50,00,000	$\overline{\phantom{m}}$	6.73

$\sim$

After the acquisition, holding of acquirer along
with PACs of:
Shares carrying voting rights a)
Acquirer	3,000	0.00	0.00
PACs	15,53,68,588	34.54	29.89
Shares encumbered with the Acquirer b)	Nil	NA	NA
VRs otherwise than by equity shares $\mathcal{C}$ )	Nil	NA	NA
Warrants/convertible securities/any other d)
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC
(specify holding in each category) after
acquisition
Acquirer	3,50,00,000		6.73
PACs	3,50,00,000		6.73
Total $(a+b+c+d)$ e)	22,53,71,588	34.54	43.36
Mode of acquisition (e.g. open market / public	Preferential Allotment of Convertible Warrants
issue / rights issue /preferential allotment / inter-se	through private placement
transfer, etc.)
	March 26, 2021
Date of acquisition of/ date of receipt of intimation of allotment of shares/ VR/ warrants/convertible securities/any other instrument that entitles the
acquirer to receive shares in the TC.
Equity share capital / total voting capital of the TC	INR 89,95,86,406 (Rupees Eighty-Nine Crore
before the said acquisition	Ninety-Five Lakh Eighty-Six Thousand Four
	Hundred and Six Only) divided into 44,98,26,203
	(Forty-Four Crore Ninety-Eight Lakh Twenty-Six
	Thousand Two Hundred and Three) Equity Shares of INR 2/- each.
	INR 89,95,86,406 (Rupees Eighty-Nine Crore
Equity share capital/ total voting capital of the TC after the said acquisition	Ninety-Five Lakh Eighty-Six Thousand Four
	Hundred and Six Only) divided into 44,98,26,203
	(Forty-Four Crore Ninety-Eight Lakh Twenty-Six

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	of INR 2/- each.
	Total diluted share/voting capital of the TC after INR 103,95,86,406 (Rupees One Hundred Three
the said acquisition	Crore Ninety Five Lakh Eighty Six Thousand Four
	Hundred and Six Only) divided into 51,98,26,203
	(Fifty One Crore Ninety Eight Lakh Twenty Six)
	Thousand Two Hundred and Three) Equity Shares
	of INR 2/- each.

(*) These percentages have been calculated after excluding the Optionally Convertible Preference Shares whose conversion period has already been lapsed. However, the Optionally Convertible Preference Shares are entitled for voting rights equivalent to equity shareholders.

(#) Percentages have been calculated on the basis of INR 96,95,86,406 (Rupees Ninety-Six Crore Ninety-Five Lakh Eighty-Six Thousand Four Hundred and Six Only) divided into 48,48,26,203 (Forty-Eight Crore Forty-Eight Lakh Twenty-Six Thousand Two Hundred and Three) Equity Shares of INR 2/- each.

For and on behalf of Acquirer along with PACs

Sustri Suri (Authorised Signatory)

Place: New Delhi Date: March 31, 2021