Poddar Pigments Ltd. — Major Shareholding Notification 2018

Sep 18, 2018

GKS LOGISTICS PRIVATE LIMITED

ctN No. u6301 oTN1982PTC05941 7

Regd. Officr:: Rosy Tower,3'd floor,8, Mahtma Gandhi Road, Chennai 600 034 Phone:, 28260929, FAX: 9l-44-45008003 Email: qksloqistic@vahoo.in

Ref : GKSL Dated : '15.09.2018

BSE Ltd,, Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street,Fort, MUMBAT - 400 001

.,- National Stock Exchange of lndia Ltd., Exchange Plaza, Plot No. C/l, G Block, Bandra-Kurla Complex, Bandra (E), MUMBAT - 400 051

Dear Sirs,

Disclosure under Regulafron 10(6) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 Ref

We would like to inform you that pursuant to the order dtd.06.09.2018 of the National Company Law Tribunal, Chennai ("NCLT"), sanctioning the Composite Scherne of Arrangement including Amalgamation and demerger between our Company(Transferee Company/Resulting Company), GKS Holdings Limited (Demerged Company) and Pluto Trade Links Limited (Transferor Company), inter alia lhe shares of Poddar Pigments Limited held by Demerged Company and Transferor Company got vested with our Company by operation of law. Equity share of Poddar Pigments Limited are listed on BSE Limited with Scrip Code No. : 524570, and on National Stock Exchange of lndia Ltd. with Scrip Symbol: PODDARMENT.

Subsequent to order of the NCLT, 20,54,300 equity shares of Poddar Pigments Limited held by Transferor Company and 10,88,820 equity shares of Poddar Pigments Limited held by Demerged Company, aggregating lo 31,43,120 equity shares constituting 29.62% of paid up equity share capital of Poddar Pigments Llmited were lransferred to the demat account of our Company on 11.09.2018 to 12.09.2018.

ln this connection, please find enclosed the disclosure under Regulation 10(6) of SEBI (Substanlial Acquisition of Shares and Takeoveo Regulations, 2011.

Request you to kindly take the same on record and oblige

Thanking you,

Yours faithfully

Fcr GKS Logistics Private Limited

(Shiv Shankar Poddar) Oirector

Encl: a/a

CC: Poddar Pigments Ltd. E-10,1 'l, F-14 to 16, RIICO lndustrial Area, Sitapura, Jaipur-302022

Format for Disclosure under Reeulation 10(6) - ort to Stock Exchange in respect of anv acquisition

made in reliance uDon exemDtion Drovided for in reeulhtion 10 ofSEBI (Substantial Acqulsltion of Shares

and Takeover) Reeulations. 2011

1	Name of the Target Company (TC)	PODDAR PIGMENTS LIMITED
2	Name of acquirer(s)	GKS Logistics Private Limited.
J	Name of the Stock Exchange where shares of the	BSE LIMITED
	TC are Listed	And
		NATIONAL STOCK EXCHANGE OF INDIA LTD
4	Details of the transaction including rationale, if any,for the transfer/ acquisition of shares.	Pursuant to the order dtd. 06.09.2018 of theNational Company Law Tribunal, Chennai('NCLT), sanctioning the Composite Scheme ofAnangement including Amalgamation anddemerger between the acquirer herein (TransfereeCompany/Resulting Company), GKS HoldingsLimited (Demerged Company) and Pluto TradeLinks Limited (Transferor Company), inter alia rheshares of Poddar Pigments Limited held byDemerged Company and Transferor Company gotvested with acquirer herein by operation of law.Subsequent to order of the NCLT, 20,54,300 equityshares of Poddar Pigments Limited held byTransferor Company and 10,88,820 equity shares ofPoddar Pigments Limited held by DemergedCompany, aggregating to 31,43,120 equity sharesconstituting 29.620/o of paid up equity share capitalof Poddar Pigments Limited were transferred to thedemat account of our Company on 11.09.2018 -12.09.2018.
5	Relevant regulation under which the acquirer isexempted from making open offer.(soLo	Acquirer is exempted from making open offerunder Regulation 10 (l) (d) (iii) of the Securitiesand Exchange Board of India (SubstantialAcquisition of Shares And Takeovers) Regulations,2011.Acquisition is pursuant to a scheme of arrangementsanctioned by NCLT, Chennai not directlyinvolving the target company as atransferorcompany or as a transferee company orreconstruction not involving the target company and
	DoD	conditions stipulated in Regulation 10 (1) (d) (iiDare satisfied.

6	Whether disclosure of proposed acquisition was	No. N.A.
	required to be made under regulation 10 (5) and if
	SO,
	-Whether disclosure was made and whether it
	was made within the timeline specified
	under the regulations.
	-Date of filing with the stock exchange
7	Details of acquisition	Disclosure required to		Whether the disclosure
		bemade under		under regulation 10(5)
		, regulation 10(5)		are actually made
I	a. Name ofthe transferor/ seller	N.A.		N.A
I	b. Date of acquisition	N.AN.A.		N.A.
	c. Number of shares/ voting rights in respect of the			N.A.
	acquisitions from each person mentioned in 7(a)
TI	above
	d. Total shares proposed to be acquired/ actually	N.A.N.A		N.A
	acquired as a % ofdiluted share capital ofTC			N.A.
I	e. Price at which shares are proposed to be acquired/
	actually acquired
8	Shareholding details	Pre-Transaction		Post-Transaction
		lNo.of	Yo w.t.t. to	No. of	oZ w.r.t. to
		shares held	total share	shares held	total share
			capital of		capital of
			TC		TC
	- Each Acquirer/ Transferee(*)
	--GKS Logistics Private Limited	13,59,772	12.82Yo	45 02 892	42.44%
	- Each Seller/ Transferor
	-- Pluto Trade Links Limited	20,54,300	19.36Yo	0	0.00%
	-- GKS Holdings Limited	10,88,820	t0.26%	0	0.00%
	Total	31,43,r20	29.62%	0	0.00%

NOTE:

. (*) Shareholding ofeach entity shall be shown separately and then collectively in a group.

. The above disclosure shall be signed by ihe acquirer rnentioning date & place. ln case, therc is more Lhan one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

For GKS Logistics Pr.t. Ltd.

(Shiv Shankar Poddar) Director

Date: 15.09.2018 Place: Chennai