Prakash Industries Ltd. — Major Shareholding Notification 2020

Feb 20, 2020

CHAIBASA STEEL LLP

(FORMERLY CHAIBASA STEEL PVT, LTD) Regd. Office: SRIVAN, MAIN BIJWASAN - NAJAFGARH ROAD, BIJWASAN, NEW DELHI - 110061.

LLPIN - AAL-8722

19^th February, 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

Disclosure under Regulation 31 read with Regulation 28(3) of Securities and $Sub:$ 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 Chaibasa Steel LLP

Authorised Signatory

Encl: $(3)$ 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 Acquisition of Shares and Takeovers) Rugulation, 2011

j*

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	19 February 2020
Name of the promoter or PAC on whose shares encumbrance has been created/ released/invoked	Chaibasa Steel LLP
Details of the creation of encumbrance:
Name of the promoter(s) or PACs with Promoter holding in the target Promoter holding already	Details of events pertaining to encumbrance (3)	Post event holding of
encumbered (2) company (1) him E	encumbered shares
% of total Type of total No. of shares ř No. of shares	off% of total Name of the entity in No. of Reasons for No. of Date of Type	off% of total
share capital levent share capital	whose favour shares shares share creaton/ lencumbrance lencumbrance shares	Share
	encumbered capital (creation/ linvocation (pledge/ lien/	capital
	release of non disposal release/
	invocation) encumbran jundetaking/
	[others] g

for Chaibasa Steethe

315

25000

Anand Rathi Global Finance Ltd

0.15

$25000$

Third Party

Pledge

18.02.2020

Creation

0.00

$\circ$

$\frac{15}{15}$

250000

Chaibasa Steel LLP

Pledge

Authorised Signatory

Place: New Delhi

Date: 19.02.2020

* The details of encumbrances of residual promoters as on 14.02.2020 enclosed herewith as Annexure 1 is an extract of the data available of the Target Company

Annexure " | "

PRAKASH INDUSTRIES LIMITED Details of encumberance of residual promoters as on 14.02.2020

en en el la Maria de la Valagrada de Menero en el la vez en 1999.
1994 : Maria de Maria de Maria de Maria de Maria de Maria de Maria de Maria de Maria de Maria de Maria de Mar
1994 : Maria de Maria de Maria de Maria de Mar

$\bar{z}$

Sr. No.	Name of the Shareholder	Total shares held		Shares pledged or otherwise
				encumbered
		No. of shares held	As a % of total	No. of shares held	As a % of total
			share capital		share capital
1	SHRI VED PRAKASH AGARWAL	8443907	4.93	0	0.00
$\overline{z}$	VED PRAKASH AGARWAL (HUF)	2208644	1.29	229389	0.13
3	SMT. MOHINI AGARWAL	1019856	0.60	1019856	0.60
4	SHRI VIKRAM AGARWAL	406500	0.24	406500	0.24
5	ISHRI KANHA AGARWAL	18540	0.01	0	0.00
6	(AMBROSIA COMMERCE PVT. LTD.	1936500	1.13	1375000	0.80
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	4.77	2824600	1.65
14	GOEL CONTAINERS PVT. LTD.	1378682	0.81	909000	0.53
15	HISSAR TUBES PVT. LTD.	780000	0.46	780000	0.46
16	HI-TECH MERCANTILE (INDIA) PVT. LTD.	3000695	1.75	2720695	1.59
17	NEW ERA COMMERCE & SECURITIES PVT. LTD.	215985	0.13	215900	0.13
18	OCEAN ISPAT PVT, LTD.	300000	0.18	0	0.00
19	PAREEK OVERSEAS PVT. LTD.	1200110	0.70	0	0.00
20	PRAKASH CAPITAL SERVICES LTD.	1508467	0.88	1508400	0.88
21	PRAKASH INDUSTRIAL FINANCE LTD.	904950	0.53	704000	0.41
22	PREMIER FINCAP PVT. LTD.	793000	0.46	793000	0.46
23	PRIMENET GLOBAL LTD.	3278987	1.91	2470500	1.44
24	PRIME MERCANTILE PVT. LTD.	3701470	2.16	1415400	0.83
25	PROSPERO SECURITIES PVT. LTD.	611800	0.36	515800	0.30
26 27	ROURKELA STEEL PVT. LTD.	1427133	0.83	790633	0.46
28	SAMYAK SECURITIES PVT. LTD SHREE LABH LAKSHMI CAPITAL SERVICES PVT. LTD.	1500000 2311471	0.88 1.35	1500000	0.88
29	SPRING MERCANTILE PVT. LTD.	98900	0.06	1861471 0	1.09 0.00
30	STYLE LEASING & FINANCE PVT. LTD.	1114400	0.65	864400	0.50
31	SUNVIN TRADING & INVESTMENT PVT. LTD.	242312	0.14
32	TECHDRIVE SOFTWARE LTD	1155550	0.67	242312 0	0.14 0.00
33	TOOLS INDIA PVT. LTD.	900900	0.53	900900	0.53
34	UNITY MERCANTILE PVT. LTD.	251575	0.15	251500	0.15
35	VANSHI FARMS PVT. LTD.	6067953	3.54	2675574	1.56
36	VISION MERCANTILE PVT. LTD.	2166700	1.27	1866700	1.09
37	WELTER SECURITIES LTD.	5006666	2.92	4736600	2.77
38	DHRUV COMMERCE LLP	1467000	0.86	560000	0.33
39	ESSENTIAL ELECTRONICS LLP	302100	0.18	0	0.00
40	EVERSHINE MERCANTILE LLP	300000	0.18	$\Omega$	0.00
41	FOUR WINGS MARKETING LLP	300000	0.18	0	0.00
42	HISSAR TUBES LLP	570012	0.33	0	0.00
43	PREMIER FINCAP LLP	450480	0.26	0	0.00
44 45	SHIKHA MERCANTILE LLP SPRING MERCANTILE LLP	70600	0.04	0	0.00.
46	SUNVIN TRADING & INVESTMENT LLP	982000 1007688	0.57 0.59	$\circ$ 885000	0.00 0.52
47	SUVARNA MARKETING LLP	95000	0.06	95000	0.06
	TOTAL	71858668	41.96	38905430	22.72

$\sqrt{3}$

Annexure - II

Format for disclosure of reasons for encumbrance

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

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	Chaibasa Steel LLP alongwith PACs . (as per list enclosed)
Total promoter shareholding in the listed company	No. of shares - 72108668
14 G Encumbered shares as a % of promoter shareholding	39355430 (54.78%)
Whether encumbered share is 50% or more of promoter shareholding	Yes
Whether encumbered share is 20% or more of total share capital	Yes (22.98%) of total share capital

Details of all the existing events/ agreements pertaining to encumbrance Encumbrance 1 Date of creation of encumbrance: 18.02.2020 Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any other Pledge covenant, transaction, condition or arrangement in the nature of encumbrance) No. of shares: 250000 No. and % of shares encumbered % of total share capital: 0.14% 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 Non-banking Finance Company the business of the entity. Listed company and its group companies (if any) -Prakash Industries Limited, Promoters and Promoters Specific details Group Companies (as mentioned above) Names of all other entities in the agreement about the encumbrance Other entities (if any) -Not Applicable Whether the encumbrance is relating to any debt instruments viz. debenture, commercial paper, certificate of deposit etc.? If yes, provide No details about the instrument, including credit rating Value of shares on the date of event / agreement (A) Rs.1.06 Crores Security Cover Asset Cover Amount involved (against which shares have been encumbered) (B) Rs.0.53 Crores Ratio of A / B $2.00$ Borrowed amount to be utilized for what purpose -(a) Personal use by promoters and PACs No (b) For the benefit of listed company Yes End use of money Provide details including amount, purpose of raising money by listed company, schedule for utilization of amount, repayment schedule etc. Additional shares pledged to secure the earlier loan e) Any other reason (please specify) taken from above lender

$\alpha$

Signature of Authorised Signatory:

Place: New Delhi Date: 19.02.2020

TFARN

Regd. Office: N, 3rd Floor, Old Delhi Road, Golden Jublee Plaza, Gurgaon - 122001(HR) CIN. - U74899HR1987PTC041353 E-mail: nkchaturvedi1960@gmail.com

19^th February, 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 read with Regulation 28(3) 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 Vanshi Farms Private Limited

Authorised Signatory

Encl: $(3)$ 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 Acquisition of Shares and Takeovers) Rugulation, 2011

$\frac{1}{2}$

$\ddot{\cdot}$

$\ddot{\cdot}$

Ť

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					19 February 2020
Name of the promoter or PAC on whose shares encumbrance has been created/ released/invoked					Vanshi Farms Pvt Ltd
Details of the creation of encumbrance											Î
Name of the promoter(s) or PACs with Promoter holding in the target Promoter holding				already				Details of events pertaining to encumbrance (3)				Post event holding of
him		(I) Kuedutop	encumbered (2)									encumbered shares
	No. of shares	se. S	of total No. of shares	of total Type %		of Date	offType	of Reasons for No.			of % of total Name of the entity in No.		of % of total
		share capital		nare capital levent				encumbrance shares		share	whose favour shares shares		share
					invocation) (creation/ release/	encumbran undetaking/ g	creaton/ encumbrance invocation (pledge/ lien/ release of non disposal others)			capital	encumbered		capital
Vanshi Farms PVt Ltd	6067953	3.54	2675574	1.56	Creation	18.02.2020	Pleage	Third Party Pledge	100000	0.06	Bhadani Financers Pvt Ξ	2775574	1.62
Vanshi Farms Pvt Ltd	6067953	3.54	2775574	1.62	Creation	18.02.2020	Pledge	Third Party Pledge	100000	0.06	APM Finvest Ltd.	2875574	1.68

for VANSHI FARMS PVT LTD

$\bigcap_{\text{Antionised Signatory}}$

Place: Gurgaon

Date: 19.02.2020

* The details of encumbrances of residual promoters as on 14.02.2020 enclosed herewith as Annexure 1 is an extract of the data available of the Target Company

Annexure "I"

PRAKASH INDUSTRIES LIMITED Details of encumberance of residual promoters as on 14.02.2020

$\frac{1}{2}$

$\bar{\beta}$

Name of the Shareholder Total shares held Sr. No.			Shares pledged or otherwise
				encumbered
		No. of shares held	As a % of total	No. of shares held	As a % of total
			share capital		share capital
$\mathbf{1}$	SHRI VED PRAKASH AGARWAL	8443907	4.93	$\circ$	0.00
$\overline{2}$	VED PRAKASH AGARWAL (HUF)	2208644	1.29	229389	0.13
3	SMT MOHINI AGARWAL	1019856	0.60	1019856	0.60
4	SHRI VIKRAM AGARWAL	406500	0.24	406500	0.24
5 6	SHRI KANHA AGARWAL AMBROSIA COMMERCE PVT. LTD.	18540	0.01	0	0.00
$\overline{7}$	DHRUV COMMERCE PVT. LTD.	1936500 314500	1.13 0.18	1375000 314500	0.80 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	4.77	2824600	1.65
14	GOEL CONTAINERS PVT. LTD.	1378682	0.81	909000	0.53
15	HISSAR TUBES PVT. LTD.	780000	0.46	780000	0.46
16	HI-TECH MERCANTILE (INDIA) PVT. LTD.	3000695	1.75	2720695	1.59
17	NEW ERA COMMERCE & SECURITIES PVT. LTD.	215985	0.13	215900	0.13
18	OCEAN ISPAT PVT. LTD.	300000	0.18	0	0.00
19	PAREEK OVERSEAS PVT. LTD.	1200110	0.70	$\Omega$	0.00
20	PRAKASH CAPITAL SERVICES LTD.	1508467	0.88	1508400	0.88
21 22	PRAKASH INDUSTRIAL FINANCE LTD. PREMIER FINCAP PVT. LTD.	904950	0.53	704000	0.41
23	PRIMENET GLOBAL LTD.	793000 3278987	0.46 1.91	793000 2470500	0.46 1.44
24	PRIME MERCANTILE PVT. LTD.	3701470	2.16	1415400	0.83
25	PROSPERO SECURITIES PVT. LTD.	611800	0.36	515800	0.30
26	ROURKELA STEEL PVT. LTD.	1427133	0.83	790633	0.46
27	SAMYAK SECURITIES PVT. LTD	1500000	0.88	1500000	0.88
28	SHREE LABH LAKSHMI CAPITAL SERVICES PVT. LTD.	2311471	1.35	1861471	1.09
29	SPRING MERCANTILE PVT. LTD.	98900	0.06	0	0.00
30	STYLE LEASING & FINANCE PVT. LTD.	1114400	0.65	864400	0.50
31	SUNVIN TRADING & INVESTMENT PVT. LTD.	242312	0.14	242312	0.14
32	TECHDRIVE SOFTWARE LTD	1155550	0.67	0	0.00
33 34	TOOLS INDIA PVT. LTD.	900900	0.53	900900	0.53
35	UNITY MERCANTILE PVT. LTD. VISION MERCANTILE PVT. LTD.	251575 2166700	0.15	251500	0.15
36	WELTER SECURITIES LTD.	5006666	1.27 2.92	1866700 4736600	1.09 2.77
37	CHAIBASA STEEL LLP	250000	0.15	0	0.00
38	DHRUV COMMERCE LLP	1467000	0.86	560000	0.33
39	ESSENTIAL ELECTRONICS LLP	302100	0.18	0	0.00
40	EVERSHINE MERCANTILE LLP	300000	0.18		0.00
41	FOUR WINGS MARKETING LLP	300000	0.18	0	0.00
42	HISSAR TUBES LLP	570012	0.33	0	0.00
43	PREMIER FINCAP LLP	450480	0.26	0	$0.00 -$
44	SHIKHA MERCANTILE LLP	70600	0.04	0	0.00
45	SPRING MERCANTILE LLP	982000	0.57	0	0.00
46 47	SUNVIN TRADING & INVESTMENT LLP SUVARNA MARKETING LLP	1007688 95000	0.59	885000	0.52
			0.06	95000	0.06
	TOTAL	66040715	38.56	36229856	21.15

$$
\bigoplus_{i=1}^{n} S_{i} \setminus \mathcal{P}_{i}
$$

Annexure - II

Format for disclosure of reasons for encumbrance

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

Tantan (Tantan Tan 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 그는 바로 맞고 가니가 거리고 아이들이?	Vanshi Farms Pvt. Ltd. alongwith PACs (as per list enclosed)
us, sina ey shyiharinin hum Total promoter shareholding in the listed company	中国 花香 医同时间 No. of shares - 72108668
Encumbered shares as a % of promoter shareholding	39355430 (54.78%)
Whether encumbered share is 50% or more of promoter shareholding	Yes
Whether encumbered share is 20% or more of total share capital	Yes (22.98%) of total share capital

Details of all the existing events/ agreements pertaining to encumbrance

Encumbrance 1 Date of creation of encumbrance: 18.02.2020 Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any other Pledge covenant, transaction, condition or arrangement in the nature of encumbrance) No. of shares: 200000 No. and % of shares encumbered % of total share capital: 0.12% Name of the entity in whose favour shares encumbered (X) Bhadani Financers Pyt 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 Non-banking Finance Company the business of the entity Listed company and its group companies (if any) $-$ Prakash Industries Limited, Promoters and Promoters Specific details Group Companies (as mentioned above) Names of all other entities in the agreement about the encumbrance Other entities (if any) -Not Applicable Whether the encumbrance is relating to any debt instruments viz. debenture, commercial paper, certificate of deposit etc.? If yes, provide N₀ details about the instrument, including credit rating Value of shares on the date of event / agreement (A) Rs 0.84 Crores Security Cover Asset Cover Amount involved (against which shares have been encumbered) (B) Rs.0.42 Crores Ratio of A/B $2.00$ Borrowed amount to be utilized for what purpose -(a) Personal use by promoters and PACs No (b) For the benefit of listed company Yes End use of lmoney Provide details including amount, purpose of raising money by listed company, schedule for utilization of amount, repayment schedule etc. Additional shares pledged to secure the earlier loan (a) Any other reason (please specify) taken from above lenders

HSM Signature of Authorised Signatory:

Place: Gurgaon Date: 19.02.2020