Power Mech Projects Limited — Major Shareholding Notification 2020

Apr 7, 2020

Date: 07.04.2020

To,The Manager,Listing Department,National Stock Exchange LimitedBandra Kurla Complex, Bandra(East)Mumbai – 400051.	To,The Manager,Listing Department,BSE Limited,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai –400001.	To,The Compliance Officer,Power Mech Projects Limited,Plot 77, Jubilee Enclave,Madhapur, Hyderabad - 50008

Sub: Prior intimation under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

BSE Scrip Code: 539302; NSE Symbol: POWERMECH

Dear Sir/Madam,

With reference to the subject cited above, attached herewith disclosures under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The undersigned being the Promoters of the Company hereby furnish the prior intimation for the proposed inter-se transfer of shares by way of gift from Mr. Sajja Rohit, Promoter.

There will be no change in the total shareholding of the Promoters and Promoter group of the Target Company after the proposed inter-se transfer of shares.

This is for your necessary information and records.

Thanking You.

Yours faithfully,

Sd/-

Sd/-

Sajja Kishore Babu (Acquirer)

Sajja Lakshmi (Acquirer)

Format for Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.	Name of the Target Company (TC)	Name of the Target Company (TC)	Power Mech Projects Limited
2.	Name of the acquirer(s)		1. Sajja Kishore Babu2. Sajja Lakshmi
3.	Whether the acquirer(s) is/ are promoters of the TCprior to the transaction. If not, nature of relationship orassociation with the TC or itspromoters		Yes, both the acquirers are the promoters ofthe TC.
4.	Details of theproposed acquisition
	a.	Name of the person(s) from whom shares areto be acquired	Sajja Rohit (He is also the promoter of theTC and son of the acquirers)
	b.	Proposed date of acquisition	On and after 14-04-2020
	c.	Number of shares to be acquired from eachperson mentioned in 4(a) above	1. 230000 shares from Sajja Rohit will betransferred to Sajja Kishore Babu.2. 600000 shares from Sajja Rohit will betransferred to Sajja Lakshmi.
	d.	Total shares to be acquired as % ofsharecapital of TC	5.64%
	e.	Price at which shares are proposed to beacquired	Nil.Inter-se transfer by way of gift between theRelatives and Promoters.
	f.	Rationale, if any, for the proposed transfer	Inter-se transfer by way of gift between theRelatives and Promoters.
5.	Relevant sub-clause of regulation 10(1)(a) underwhich the acquirer is exempted from making openoffer		10(1)(a)(i)(ii)
6.	If, frequently traded, volume weighted average marketprice for a period of 60 trading days preceding thedate of issuance of this notice as traded on the stockexchange where the maximum volume of trading inthe shares of the TC are recorded during such period.		NA, since the shares will be acquired by wayof gift without any consideration.
7.	If in-frequently traded, the price as determined in termsof clause (e) of sub-regulation (2) ofregulation 8.		NA, since the shares will be acquired by wayof gift without any consideration
8.	Declaration by the acquirer, that the acquisition pricewould not be higher by more than 25% of the pricecomputed in point 6 or point 7 asapplicable.		NA.

9.	9.	Declaration by the acquirer, that the transferor andtransferee have complied / will comply withapplicable disclosure requirements in Chapter V of theTakeoverRegulations,2011(correspondingprovisions of the repealedTakeover Regulations 1997)	Declaration by the acquirer, that the transferor andtransferee have complied / will comply withapplicable disclosure requirements in Chapter V of theTakeoverRegulations,2011(correspondingprovisions of the repealedTakeover Regulations 1997)	Yes	Yes
10.		Declaration by the acquirer that all the conditionsspecified under regulation 10(1)(a) with respect toexemptions has been duly complied with.		Yes
11.		Shareholding details		Before theproposedtransaction		After theproposedtransaction
				No. ofshares/votingrights	% w.r.ttotalsharecapitalofTC	No. ofshares/votingrights	% w.r.ttotalsharecapitalof TC
		a	Acquirer(s) and PACs (other than sellers)(*)1. Sajja Kishore Babu2. Sajja Lakshmi	36349423128626	24.7121.27	38649423728626	26.2725.35
		b	Seller (s)1. Sajja Rohit	849413	5.77	19413	0.14

Note:

(*) Shareholding of each entity may be shown separately and then collectively in a group. The above disclosure shall be signed by the acquirer mentioning date & place.

In case, there is more than 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.

Sd/Sajja Kishore Babu (Acquirer)

Sd/Sajja Lakshmi (Acquirer)

Date: 07.04.2020 Place: Hyderabad