Prakash Industries Ltd. — Major Shareholding Notification 2020

Mar 3, 2020

Annexure - II

Format for disclosure of reasons for encumbrance

(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)
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Name of listed Company	Prakash Industries Limited
Name of the recognised stock exchanges where the shares of the company are listed	BSE Ltd. & National Stock Exchange of India Ltd.
Name of the promoter(s) / PACs whose shares have been encumbered	Vanshi Farms Pvt. Ltd. alongwith PACs l as per list enclosed)
a di kacamatan Sumatra Ba Total promoter shareholding in the listed company in Paului	$\textcolor{blue}{\text{No. of shares}} - 72108668$
Home State State (1989년 1월 12일) 10 Encumbered shares as a % of promoter shareholding	ひきこち ないおこち 39605430 (54.92%)
Whether encumbered share is 50% or more of promoter shareholding	kana aga tin Polit Yes
the commission of the State Whether encumbered share is 20% or more of total share capital	Yes (23.13%) of total share capital

Details of all the existing events/ agreements pertaining to encumbrance

		Encumbrance 1
		Date of creation of encumbrance: 29.02.2020
Type of encumbrance (piedge, lien, negative lien, non-disposal undertaking etc. or any other covenant, transaction, condition or arrangement in the nature of encumbrance)		Pledge
No. and % of shares encumbered		No. of shares: 250000
		% of total share capital: 0.14%
Specific details about the encumbrance	Name of the entity in whose favour shares encumbered (X)	Bhadani Financers Pvt Ltd and APM Finvest Ltd
	Whether the entity X is a scheduled commercial bank, public financial institution, NBFC or housing finance company? If No, provide the nature of the business of the entity.	Non-banking Finance Company
		Listed company and its group companies (if any) -
	Names of all other entities in the agreement	Prakash Industries Limited, Promoters and Promoters Group Companies (as mentioned above)
		Other entities (if any) -
		1. Not Applicable
	Whether the encumbrance is relating to any debt instruments viz. debenture, commercial paper, certificate of deposit etc.? If yes, provide details about the instrument, including credit rating	No.
Security Cover / Asset Cover	Value of shares on the date of event / agreement (A)	Rs.0.92 Crores
	Amount involved (against which shares have been encumbered) (B)	Rs.0.46 Crores
	Ratio of A / B	2.00
End use of money	Borrowed amount to be utilized for what purpose -
	(a) Personal use by promoters and PACs	Nο
	(b) For the benefit of listed company	Yes
	Provide details including amount, purpose of raising money by listed company, schedule for utilization of amount, repayment schedule etc.
	(a) Any other reason (please specify)	Additional shares pledged to secure the earlier loan taken from above lenders

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Signature of Authorised Signatory:

Place: Gurgaon Date: 03.03.2020