Pennar Industries Ltd. — Capital/Financing Update 2019

Nov 12, 2019

Penng

PENNAR INDUSTRIES LIMITED

Date: November 12, 2019

BSELimited	~ National Stock E. xchange
Department of Corporate Services	Exchange Plaza,
Phiroze Jeejeebhoy Towers	Bandra Kurla Complex
Dalal Street	Bandra (East)
Mumbai - 400 001	Mumbai - 400 051
Script Code: 513228	Symbol: PENIND-

~ National Stock E. xchange of India Limited

Dear Sir/ Madam,

Sub: Outcome of Board Meeting pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 "LODR Regulations")

Further to our intimation dated November 7, 2019 and in terms of Regulation 30 of the LODR Regulations, we wish to inform you that:

a. The board of directors of the Company. at its meeting held today i.e, November 12, 2019, (which commenced at 9:00 a.m, and concluded at 6:00 p.m.), have approved the buyback of fully paid-up equity shares of face value of Rs. 5/- (Rupees Five only) each of the Company ("Equity Shares") at a price not exceeding Rs. 45/- (Rupees Forty Five only) per Equity Share ("Maximum Buyback Price") excluding any other expenses incurred or to be incurred for the Buyback like filing fees payable to SEB, Stock Exchanges fees, advisors fees, public announcement, publication expenses, transaction cost viz., brokerage, applicable taxes such as securities transaction tax, stamp duty, income tax etc., and any other incidental and related expenses Transaction Cost'), and such aggregate amount, Rs. 4,000 Lakhs (Rupees Four Phousand Lakhs only) (Maximum Buyback Size) from the open market Tat stock exchange mechanism in such manner as may be prescribed in the Companies Act, 2013 (as amended) and rules made thereunder and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018, as- amended ("Buyback Regulations") ("Buyback").

. The Maximum Buy Back Size represents 6.16% and 6.14% of the aggregate of the total paid-up equity a and free reserves of the Company based on the audited standalone and consolidated financial statements respectively of the Company for last financial year ended on March 31, 2019.

c. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations. The dates of the Buyback offer will be mentioned in the public announcement.

The pre Buyback shareholding pattern of the Company, as on November 8, 2019, is enclosed hereto as Annexure - |.

The Company will provide relevant updates in relation to the Buyback as per applicable law in due course. We request you to take the above information on record.

Thanking you,

Yours faithfully,

for Pennar Industries Limited

' COO Mirza Mohammed Ali Baig Company Secretary

Enel: as above

_ Manufacture of Cold Rolled Steel Strips & Formed Sections, Sheet Metal Pressed, Fabricated & Machined Components, Precision Electric Resistance Weldec ? Tubes, Cold Drawn Electric Resistance Welded Tubes and Fabricated Components & Structures. Design, Development, Manufacture of Hydraulic Cylinders. ; Manufacture of Railway Coach Accessories Include under Frames using 1.1, 1.4, 7.1 and 8.1 group Materials by SMAW, GMAW & GTAW

Corporate Office & Works : IDA, Patancheru-502 319, Sangareddy District, Telangana State, INDIA Page | of 2 Tel: +91 8455 242184 to 242193, E-mail: corporatecommunications@pennarindia.com, Website: www.pennarindia.com Regd. Office: 3rd Floor, DHFLVC Silicon Towers, Kondapur, Hyderabad - 500 084. Tel: +91 40 4006 1621 to 24, Fax: +91 40 4006 1618

CIN No: L27109AP1975PLC001919

ANNEXURE — 1

Shareholding pattern of the Company

	ANNEXURE	— 1
		Shareholding pattern of the Company
	Pre Buyback as on November 8,= ——-—- 2019		Post Buyback#—
Particulars	Number ofaShares	96 ft fle:existing equity'	Number ofShares	% to the equityshare capital:
	Sees5,36,86,278 —	share capital35.24]	5,36,86,278	——_37.42
	1,80,82,859	11.87
	1,48,86,022	err
	87,56,989	SS	8,97,82,065
	5,30,96,604	34.85
				62.58
	38.48.4179	253:
Promoters and Promoter Group Mutual Funds/A lternativeInvestment Funds/Financiallnstitutional/BanksForeign Portfolio Investors/Foreign Institutional InvestorsBodies CorporateIndian Publie/Clearingmember/IEPF/Trusts/NBFC/HUFNRIs/ ForeignNationals/Overseas Body Corporate	15,23,57,231	100.00	{14,34,68,343	100.00}

Assuming the full Acceptance of the Buy-back Size at the Maximum Buy-back Price, However, the post Buy-back issued, subseribed and paid-up capital may differ depending upon the actual number of Equity