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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