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Pricol Limited — Regulatory Filings 2021
Mar 19, 2021
62089_rns_2021-03-19_4f10d4f8-4933-4d18-a42e-56aa483620ea.pdf
Regulatory Filings
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Thursday, 18th March 2021
| The Manager Listing Department | Corporate Relationship Department | ||
|---|---|---|---|
| National Stock Exchange of India Limited BSE Limited | |||
| "Exchange Plaza', C-1, Block G | 1 st Floor, New Trading Ring | ||
| Bandra-Kurla Complex, | Rotunda Building, P J Towers, | ||
| Bandra (E), Mumbai - 400 051 | Dalal Street, Fort, Mumbai 400 001 | ||
| Script Code: PRICOLLTD | Script Code: 540293 |
Dear Sirs,
Sub: Intimation under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011
I hereby submit the disclosure as required under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, for acquisition by way of gift of 30,98,281 (2.54%) shares, details of which are stated below:
| Date of transaction |
Name of person (belongs to promoter group) Transferor |
Name of the Transferee / Acquirer |
Number of shares acquired as gift |
$%$ of share holding |
|---|---|---|---|---|
| 17th March 2021 | Mr. Vijay Mohan | Mr.Vikram Mohan |
11.95,879 | 0.98% |
| 17 th March 2021 | Mr. Viren Mohan | Mr. Vikram Mohan |
19.02,402 | 1.56% |
This transaction, being an inter-se transfer of shares among the promoter group, falls within the exemptions provided under Regulation $10(1)(a)(ii)$ of the SEBI (SAST) Regulations, 2011. The aggregate holding of Promoter and Promoter Group before and after the above inter-se transaction remains the same.
In this connection necessary disclosure under Regulation 10(6) for the above said acquisition in the prescribed format is enclosed herewith for your kind information and records.
Yours Truly
Vikram Mohan
Encl: as above
CC: Pricol Limited, 109, Race Course, Coimbatore - 641018.
Format for Disclosures under Regulation 10(6) -Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| 1. | Name of the Target Company (TC) | Pricol Limited | |||
|---|---|---|---|---|---|
| $\overline{2}$ . | Name of the acquirer(s) | Mr. Vikram Mohan | |||
| $\overline{3}$ . | Name of the stock exchange where shares of the TC are listed |
BSE Limited National Stock Exchange of India Limited |
|||
| 4. 5. |
Details of the transaction including rationale, if any, for the transfer/acquisition of shares. Relevant regulation under which the acquirer is |
Receipt by way of Gift from: Mr. Vijay Mohan - 11,95,879 Shares (0.98%) of a. Re.1/- each of Pricol Limited. b. Mr. Viren Mohan - 19,02,402 shares (1.56%) of Re.1/- each of Pricol Limited. Mr. Vijay Mohan, Mr. Vikram Mohan and Mr. Viren Mohan are immediate relatives as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 10(1)(a)(i) |
|||
| 6. | exempted from making open offer. Whether disclosure of proposed acquisition was required to be made under regulation 10 (5) and if so, - whether disclosure was made and whether it was made within the timeline specified under the regulations. - date of filing with the stock exchange. |
Yes. Disclosure under regulation 10 (5) was filed with the stock exchange within the specified timeline. 08.03.2021 |
|||
| 7. | Details of acquisition | Disclosures required to be under regulation $10(5)$ |
Whether the disclosures under regulation $10(5)$ are actually made |
||
| a. | Name of the transferor / seller | Mr. Vijay Mohan Mr. Viren Mohan |
Yes. | ||
| b. | Date of acquisition | 17.03.2021 | 08.03.2021 | ||
| c. | Number of shares/voting rights in respect of the acquisitions from each person mentioned in $7(a)$ above |
a.Mr.Vijay Mohan 11,95,879 Shares (0.98%) of Re.1/- each of Pricol Limited. b.Mr.Viren Mohan Shares 19,02,402 (1.56%) of Re.1/- each of Pricol Limited. |
Yes | ||
| d. | Total shares proposed to be acquired / actually acquired as a % of diluted share capital of TC |
30,98,281 $2.54\%$ |
Yes | ||
| e. | Price at which shares are proposed to be acquired / actually acquired |
NA | NA |
$...$ Contd $2$
| 8. | Shareholding details | Pre-Transaction | Post-Transaction | ||||
|---|---|---|---|---|---|---|---|
| No. of shares held |
$\%$ w.r.t total share capital of TC |
No. of shares held |
$\%$ w.r.t total share capital of TC |
||||
| a | Each Acquirer / Transferee(*) | 45,27,225 | 3.71 | 76,25,506 | 6.25 | ||
| $\mathbf{h}$ | Each Seller / Transferor | ||||||
| Mr. Vijay Mohan # | 1,08,11,515 | 8.80 | 96,15,636 | 7.89 | |||
| Mr. Viren Mohan | 85,60,811 | 7.02 | 66,58,409 | 5.46 |
After taking the transaction between Mr. Vijay Mohan and Mrs. Vanitha Mohan
Note:
- (*) Shareholding of each entity shall be shown separately and then collectively in a group. $\bullet$
- $\bullet$ The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the
$\rightarrow$
Signature of the acquirer
Date: 18 - Mar - 2021