Pennar Industries Ltd. — Major Shareholding Notification 2021

May 27, 2021

Date: 27[th] May, 2021 Place: Hyderabad

BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra East Dalal Street, Fort, Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 513228 Scrip Symbol: PENIND

Dear Sir/Madam,

Sub: Disclosure under Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI Takeover Code”)

Please find attached disclosure pursuant to Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with respect to intimation received from SAIF India IV FII Holdings Limited for sale of 35,25,845 equity shares from the open market on 26[th] May, 2021.

We request you to take the above information on record.

Thanking you,

for Pennar Industries Limited

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Mirza Mohammed Ali Baig Company Secretary & Compliance Officer ACS 29058

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

Name of the Target Company (TC)					Pennar Industries Limited
Name(s) of the acquirer and Persons Acting in					SAIF India IV FII Holdings Limited
Concert (PAC) with the acquirer
Whether the acquirer belongs to					NO
Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the					Bombay Stock Exchange (BSE) and National Stock
shares of TC			are Listed			Exchange (NSE)
Details of the			~~acquisition/~~disposal as follows		Number	% w.r.t. total	% w.r.t. total diluted
						share/voting	share/voting capital
						capital wherever	of the TC
						applicable
Before the		~~acquisition/~~disposal under
consideration, holding of:
a) Shares carrying voting rights					8,956,841	6.30%	6.30%
b) Shares in the nature of encumbrance
(pledge/ lien/non-disposal undertaking/ others)					Nil	Nil	Nil
c) Voting rights (VR) otherwise than by shares
d) Warrants/convertible securities/any other					Nil	Nil	Nil
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
					Nil	Nil	Nil
holding in each category)
e) Total (a+b+c+d)					8,956,841	6.30%	6.30%
Details of	~~acquisition/~~Sale
a) Shares carrying voting rights				~~acquired/~~sold	3,525,845	2.48%	2.48%
b) VRs acquired/sold otherwise than by shares
c)Warrants/convertible securities/any other					Nil	Nil	Nil
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify					Nil	Nil	Nil
holding in each category) acquired/sold
d)Shares encumbered/invoked/released by the					Nil	Nil	Nil
acquirer
					Nil	Nil	Nil
e) Total (a+b+c+/-d)					3,525,845	2.48%	2.48%

After the		~~acquisition~~/sale, holding of:
a) Shares carrying voting rights							5,430,996	3.82%	3.82%
b) Shares encumbered with the acquirer
							Nil	Nil	Nil
c) VRs otherwise than by shares
d) Warrants/convertible securities/any other							Nil	Nil	Nil
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) after acquisition
							Nil	Nil	Nil
e) Total (a+b+c+d)							5,430,996	3.82%	3.82%
Mode of		~~acquisition/~~sale (e.g., open market/off-
market/public issue/rights issue/preferential								Open Market
allotment/_inter se_transfer, etc.)
Date of	~~acquisition~~/ sale of shares /					~~VR or date~~
~~of receipt of~~								26 May 2021
~~intimation of allotment of shares~~, whichever is
applicable
Equity share capital/total voting capital of the							142,162,231 equity shares
TC before the said					~~acquisition~~/sale
Equity share capital/ total voting capital of the							142,162,231 equity shares
TC after the said				~~acquisition~~/sale
Total diluted share/voting capital of the TC							142,162,231 equity shares
after the said			~~acquisition~~/ sale

For and on behalf of

SAIF India IV FII Holdings Limited

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Signature of the ~~acquirer~~ / seller / Authorised Signatory Place: Mauritius Date: 27 May 2021

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5/27/2021