Prakash Industries Ltd. — Major Shareholding Notification 2021

Jul 19, 2021

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	GMK Builders Pvt. Ltd. and Hi-tech Mercantile Pvt. Ltd.alongwith PACs (as per list enclosed)
Total promoter shareholding in the listed company	No. of shares - 73384732
Encumbered shares as a % of promoter shareholding	46708988 (63.65%)
Whether encumbered share is 50% or more of promoter shareholding	Yes
Whether encumbered share is 20% or more of total share capital	Yes (26.08%) of total share capital

Details of all the existing events/ agreements pertaining to encumbrance

		Encumbrance
		Date of creation of encumbrance: 16.07.2021
Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any othercovenant, transaction, condition or arrangement in the nature of encumbrance)		Pledge
No and % of shares encumbered		No. of shares: 2666800% of total share capital: 1.49%
Specific detailsabout theencumbrance	Name of the entity in whose favour shares encumbered (X)	A. Anadya Property Pvt. Ltd., B. Infosoft Global Pvt. Ltd.and C. SKS Fincap Pvt. Ltd.
	Whether the entity X is a scheduled commercial bank, public financialinstitution, NBFC or housing finance company? If No, provide the nature ofthe business of the entity.	A & B Finance Companies and C Non Banking FinanceCompany
		Listed company and its group companies (if any) -
	Names of all other entities in the agreement	Prakash Industries Limited, Promoters and PromotersGroup 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, providedetails about the instrument, including credit rating	No
Security CoverAsset Cover	Value of shares on the date of event / agreement (A)	Rs.20.00 Crores (A. Rs.5 crores; B. Rs.5 Crores and C.Rs.10 Crores)
	Amount involved (against which shares have been encumbered) (B)	Rs.10.00 Crores (A. Rs.2.50 Crores; B. Rs.2.50 Croresand C. Rs.5.00 Crores)
	Ratio of A / B	2.00
End use ofmoney	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 listedcompany, schedule for utilization of amount, repayment schedule etc.	Loan of Rs.10 Crores taken for Working Capital,Principal paybale after 180 days and / or six months
	(a) Any other reason (please specify)	Nil

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Signature of Authorised Signatory

Place: New Delhi Date: 19.07.2021