Pennar Industries Ltd. — Major Shareholding Notification 2021

May 11, 2021

SAIF India IV FII Holdings Limited

Company No. 102268 C1/GBL (Incorporated in the Republic of Mauritius) Sanne House, Bank Street, TwentyEight, Cybercity, Ebene 72201, Mauritius Tel: (230) 467 3000 Fax: (230) 467 4000

Ref: FS/JM/EW (Please quote our reference in your reply)

11 May 2021

By email

BSE Limited

P.J. Towers, Dalal Street Mumbai – 400001 Corp.relations@bseindia.com

National Stock Exchange of India Ltd.

Exchange Plaza Bandra-Kurla Complex Bandra East, Mumbai 400051 takeover@nse.co.in

Pennar Industries Limited

Floor No. 3, DHFLVC Silicon Towers Kondapur, Hyderabad, Telangana - 500084 Email: corporatecommunications@pennarindia.com

Dear Sir/Madam

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

Ref: Scrip Code: 513228; Scrip Name: PENIND Unit: Pennar Industries Limited

With reference to the subject cited above, please find enclosed the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

This is for the information and records of the Exchange.

Yours faithfully

Baboo Ramlugan For SANNE Mauritius Secretary

Enc

C:\Users\Baboo.Ramlugan\Desktop\Saif FS\SAIF FII\SAIF IV FII\Sebi\Cover Letter.Docx

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					12,138,080	8.54%	8.54%
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)					12,138,080	8.54%	8.54%
Details of	~~acquisition/~~Sale
a) Shares carrying voting rights				~~acquired/~~sold	3,181,239	2.24%	2.24%
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)					3,181,239	2.24%	2.24%

After the		~~acquisition~~/sale, holding of:
a) Shares carrying voting rights							8,956,841	6.30%	6.30%
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)							8,956,841	6.30%	6.30%
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~~								7 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: 11 May 2021

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5/11/2021