Prakash Industries Ltd. — Major Shareholding Notification 2021

Jul 13, 2021

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	IPrakash Industries Limited
Name of the recognised stock exchanges where the shares of the company are listed	IBSE Ltd. & National Stock Exchange of India Ltd.
Name of the promoter(s) / PACs whose shares have been encumbered	Pareek Overseas Pvt. Ltd., Goel Containers PVt. Ltd., Focus Securities and Credits Pvt. Ltd. and Sunvin I Trading and Investment LLP alongwith PACs (as per list enclosed)
Total promoter shareholding in the listed company	INo. of shares - 73384732
Encumbered shares as a % of promoter shareholding	140705764 (55.47%)
Whether encumbered share is 50% or more of promoter shareholding	Yes
Whether encumbered share is 20% or more of total share capital	Yes (22.73%) of total share capital

Details of all the existing events/ agreements pertaining to encumbrance

		Encumbrance Date of creation of encumbrance: 06.07.2021 and 07.07.2021
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: 1337300
		% of total share capital: 0.75%
Specific details about the encumbrance	Name of the entity in whose favour shares encumbered (X) Whether the entity X is a scheduled commercial bank, public financial institution, NBFC or housing finance company? If No, provide the nature of Finance Company the business of the entity.	Infosoft Global Pvt. Ltd.
		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) -
		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	lNo
Security Cover / Asset Cover	Value of shares on the date of event / agreement (A)	Rs. 10.51 Crores
	(Amount involved (against which shares have been encumbered) (B)	Rs.5.00 Crores
	Ratio of A / B	2.00
End use of monev	Borrowed amount to be utilized for what purpose -
	(a) Personal use by promoters and PACs	No
	(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.	Loan of Rs.5 Crores taken for Working Capital, Principal paybale after 180 days
	(a) Any other reason (please specify)	Nil

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Signature of Authorise Signatory.

Place: New Delhi Date: 10.07.2021