Prakash Industries Ltd. — Major Shareholding Notification 2020

Nov 21, 2020

Prime Mercantile Private Limited

Regd. Off.: N, 3rd Floor, Old Delhi Road, Golden Jublee Plaza, Gurgaon-122001 CIN NO. U74899HR1994PTCO41299 E-mail: gopaltg@gmail.com

20^th November, 2020

Listing Department BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001

Listing Department National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051

Company Code: 506022

Company Symbol: PRAKASH

Sub : Disclosure under Regulation 31 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir,

In terms of the provisions of Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 read with Regulation 28(3). We, being Promoter group of Prakash Industries Limited hereby enclosing the details of pledged shares of Prakash Industries Limited held by us in the prescribed formats.

This is for your information and record please.

Thanking you,

Yours faithfully, For Prime Mercantile Private Limited

Authorised Signatory

Encl: $(2)$ as above

$CC$ To:

Prakash Industries Ltd. 15 Km. Stone, Delhi Road, Hissar - 125044

Disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/
release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acqu

Name of the Target Company(TC)						PRAKASH INDUSTRIES LIMITED
Names of the Stock Exchanges where the shares of the target company are listed							BSE Ltd. & National Stock Exchange of India Ltd.
Date of reporting					20 November 2020
Name of the promoter or PAC on whose shares encumbrance has been created/released/invoked						Prime Mercantile Pvt. Ltd.
Details of the creation of encumbrance:
Name of the promoter(s) or PACs with Promoter holding in the target Promoter him		company (1)	encumbered (2)	holding already				Details of events pertaining to encumbrance (3)					Post event holding of encumbered shares
	No. of shares	share capital $\sigma$ $\frac{5}{6}$	total No. of shares	share capital levent % of total Type	invocation) creation/ release/	encumbran undetaking/ of Date ce	invocation (pledge/ lien/ release of non disposal creaton/ encumbrance others) of Type	encumbrance shares of Reasons for No.		capital share	whose favour shares shares of % of total Name of the entity in No. encumbered		of % of total capital share
Prime Mercantile Pvt. Ltd.	3701470	2.16	860200	0.50	Creation	19.11.2020	Pledge	Third Party Pledge	600000	0.35	Anand Rathi Global Finance Ltd	1460200	0.85

for Prime Mercantile Pot. Ltd.

Mylan Authbrised Signatory

Place: Gurgaon
Date: 20.11.2020

* The details of encumbrances of residual promoters as on 13.11.2020 enclosed herewith as Annexure 1 is an extract of the data available of the Target Company

Annexure "1"

PRAKASH INDUSTRIES LIMITED Details of encumberance of residual promoters as on 13.11.2020

Sr. No.	Name of the Shareholder	Total shares held		Shares pledged or otherwise encumbered
		No. of shares held	As a % of total share capital	No. of shares held	As a % of total share capital
$\mathbf{1}$	SHRI VED PRAKASH AGARWAL	8468907	4.94	$\mathbf 0$	0.00
$\overline{2}$	VED PRAKASH AGARWAL (HUF)	2208644	1.29	229389	0.13
3	SMT. MOHINI AGARWAL	1019856	0.59	1019856	0.59
4	SHRI VIKRAM AGARWAL	406500	0.24	406500	0.24
5	SHRI KANHA AGARWAL	18540	0.01	$\mathbf{0}$	0.00
6	AMBROSIA COMMERCE PVT. LTD.	1936500	1.13	1936500	1.13
$\overline{7}$	DHRUV COMMERCE PVT, LTD.	314500	0.18	314500	0.18
8	ESSENTIAL ELECTRONICS PVT. LTD.	597300	0.35	597300	0.35
9	EVERSHINE MERCANTILE PVT. LTD.	1621700	0.95	1621700	0.95
10	EXCEL FINCAP PVT. LTD.	102135	0.06	102100	0.06
11	FOCUS SECURITIES & CREDITS PVT. LTD.	1460000	0.85	1050000	0.61
12	FOUR WINGS MARKETING PVT. LTD.	101700	0.06	101700	0.06
13	GMK BUILDERS PVT. LTD.	8164800	4.76	3011750	1.76
14	GOEL CONTAINERS PVT. LTD.	1378682	0.80	909000	0.53
15	HISSAR TUBES PVT. LTD.	780000	0.45	780000	0.45
16	HI-TECH MERCANTILE (INDIA) PVT. LTD.	3000695	1.75	1670000	0.97
17	NEW ERA COMMERCE & SECURITIES PVT. LTD.	215985	0.13	215900	0.13
18	OCEAN ISPAT PVT. LTD.	300000	0.17	300000	0.17
19	PAREEK OVERSEAS PVT. LTD.	1200110	0.70	$\circ$	0.00
20	PRAKASH CAPITAL SERVICES LTD.	1508467	0.88	1508400	0.88
21	PRAKASH INDUSTRIAL FINANCE LTD.	904950	0.53	904950	0.53
22	PREMIER FINCAP PVT. LTD.	793000	0.46	793000	0.46
23	PRIMENET GLOBAL LTD.	3278987	1.91	2470500	1.44
24	PROSPERO SECURITIES PVT. LTD.	611800	0.36	611800	0.36
25	ROURKELA STEEL PVT. LTD.	1427133	0.83	790633	0.46
26	SAMYAK SECURITIES PVT. LTD	1500000	0.87	1500000	0.87
27	SHREE LABH LAKSHMI CAPITAL SERVICES PVT. LTD.	2311471	1.35	1861471	1.08
28	STYLE LEASING & FINANCE PVT. LTD.	1114400	0.65	1114400	0.65
29	SUNVIN TRADING & INVESTMENT PVT. LTD.	242312	0.14	242312	0.14
30	TECHDRIVE SOFTWARE LTD	1155550	0.67	0	0.00
31	TOOLS INDIA PVT. LTD.	900900	0.53	900900	0.53
32	UNITY MERCANTILE PVT. LTD.	251575	0.15	251500	0.15
33	VANSHI FARMS PVT. LTD.	6067953	3.54	1095600	0.64
34	VISION MERCANTILE PVT. LTD.	2166700	1.26	1866700	1.09
35	WELTER SECURITIES LTD.	5006666	2.92	4736600	2.76
36 37	CHAIBASA STEEL LLP DHRUV COMMERCE LLP	250000 1467000	0.15 0.85	250000	0.15 0.33
38	ESSENTIAL ELECTRONICS LLP	302100	0.18	560000 302100	0.18
39	EVERSHINE MERCANTILE LLP	300000	0.17	300000	0.17
40	FOUR WINGS MARKETING LLP	300000	0.17	300000	0.17
41	HISSAR TUBES LLP	570012	0.33	570012	0.33
42	PREMIER FINCAP LLP	450480	0.26	450480	0.26
43	SHIKHA MERCANTILE LLP	70600	0.04	70600	0.04
44	SPRING MERCANTILE LLP	1080900	0.63	$\circ$	0.00
45	SUNVIN TRADING & INVESTMENT LLP	1007688	0.59	925000	0.54
46	SUVARNA MARKETING LLP	95000	0.06	95000	0.06
	TOTAL	68432198	39.88	38738153	22.58

Annexure - II

Format for disclosure of reasons for encumbrance

	In addition to Annexure - I prescribed by way of circular dated August 05, 2015)

$\mathcal{L}$

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	Prime Mercantile Pvt. Ltd. alongwith PACs (as per list enclosed)
Total promoter shareholding in the listed company	INo. of shares - 72133668
Encumbered shares as a % of promoter shareholding	40198353 (55.73%)
Whether encumbered share is 50% or more of promoter shareholding	Yes
Whether encumbered share is 20% or more of total share capital	Yes (23.43%) of total share capital

	Details of all the existing events/ agreements pertaining to encumbrance
		Encumbrance
		Date of creation of encumbrance: 19.11.2020
	Type of encumbrance (pledge, 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: 600000
		% of total share capital: 0.35%
	Name of the entity in whose favour shares encumbered (X)	Anand Rathi Global Finance 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) -
Specific details about the encumbrance	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
	Value of shares on the date of event / agreement (A)	Rs.2.62 Crores
Security Cover Asset Cover	Amount involved (against which shares have been encumbered) (B)	Rs.1.31 Crores
	Ratio of A / B	2.00
	Borrowed amount to be utilized for what purpose -
	(a) Personal use by promoters and PACs	No
End use of	(b) For the benefit of listed company	Yes
money	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 lender

Signature of Authorised Signatory:

Place: Gurgaon Date: 20.11.2020