Pennar Industries Ltd. — Capital/Financing Update 2020

Mar 31, 2020

Date: 31[st] March, 2020 Place: Hyderabad

	BSE LimitedDepartment of Corporate ServicesListing Department,PJ Tower, Dalal Street,Mumbai 400001, IndiaScrip Code: 513228	National Stock Exchange of IndiaListing Department,‘Exchange Plaza’, C-1, Block-G,Bandra Kurla Complex, Bandra (East),Mumbai 400051, IndiaScrip Code: PENIND

Dear Sir/Madam,

Sub: Intimation under Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - reg

With reference to the subject cited above, we would like to inform you that, Axis Bank Limited has released 25,00,000 Pledge shares of Pennar Industries Limited held by Mr. Nrupender Rao, Executive Chairman and Promoter of the Company.

Further, M/s. Pennar Holding Private Limited, promoter of the Company created a pledge of 7,50,000 equity shares (aggregating to 15,00,000) of Pennar Industries Limited with State Bank of India.

The Promoters have there by decreased 17,50,000 Pennar Industries shares pledged by them to the bankers of the company. This resulted in decrease of pledge of shares from existing 6.05% to 2.79%.

This is for your kind information.

Thanking you

Yours faithfully,

for Pennar Industries Limited

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Mirza Mohammed Ali Baig Company Secretary & Compliance Officer

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