Rain Industries Limited — Major Shareholding Notification 2021

Dec 6, 2021

PABRAI INVESTMENT FUNI

Annexure-A

Format for Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.	Name of the Target Company (TC)		Rain Industries Limited
2.	Name (s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer
		1) PABRAI INVESTMENT FUND 3 LTD		2)
		THE PABRAI INVESTMENT FUND IV LP 3)
		DHANDHO INDIA ZERO FEE FUND LP		4)
		DHANDHO INDIA ZERO FEE OFFSHORE LIMITED		5)
3.	Whether the acquirer belongs to	pabrai investment fund II, LP -	No
	Promoter/Promoter group
4.	Name(s) of the Stock Exchange(s) where the shares of TC are Listed	NSE and BSE
5.	Details of the acquisition of shares/voting rights/holding of the Acquirer and PAC	Number	% w.r.t. total share/voting capital wherever applicable	% w.r.t. total diluted share/voting captial of the $TC(!)$
	Before the acquisition under
	consideration, holding of :
a)	Shares carrying voting rights	20,017,612.00	5.9515%	0.00%
b)	Voting rights (VR) otherwise than by equity shares	0.00	0.00%	0.00%
G)	Warrants/convertible securities/any other instrument that entities the acquirer to recieve shares carrying voting rights in the TC (specify holding in each category)	0.00	0.00%	0.00%
Fotal (a + b +c)		20.017,612.00	5.9515%	0.00%
	Details of acquisition
a)	Shares carrying voting rights acquired	6,898,044.00	2.0509%	0.00%
p)	VRs acquired otherwise than by equity shares	0.00	0.00%	0.00%
C)	Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category). acquired	0.00	0.00%	0.00%
Total $(a + b + c)$		6,898,044.00	2.0509%	0.00%
	After the acquisition, holding of:
a)	Shares carrying voting rights acquired	26.915.656.00	8.0024%	0.00%
b)	VRs acquiried otherwise than by equity shares	0.00	$0.00\%$	0.00%
c)	Warrants/convertible securities/any other instrument that	0.00	0.00%	0.00%

entities the acquirer to receive shares carrying voting rights in the TC (specify holding in each category)

acquired

Total $(a + b + c)$

26915656

8.0024%

0.00%

PABRAI INVESTMENT FUNDS

is.	Mode of acquisition (eg. Open market / public issues / rights issues / preferential allotment of shares / VR / warrants / convertible securities / any other instrument that entitles the acquirer to receive shares in the TC.	Open Market
17. l8.	Date of acquisition of / date of receipt of intimation of allogment of shares / VR / warrants / convertible securities / any other instrument that entities the acquirer to receive shares in the TC.	Trade Date: 02/12/2021 Settlement Date: 06/12/2021
	Equity share capital / total voting capital of the TC before the said acquisition.	336,345,679
9.	Equity share capital / total voting capital of the TC after the said acquisition.	336.345,679
10.	Total diluted share / voting capital of the TC after the said acquisition	336,345,679

Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible $(^{\circ})$ securities/warrants into equity shares of the TC.

Signature of the acquirer / Authorised Signatory

Place: AUSTIN, TX, USA

$2$ -Dec-21

1250 S. Capital of Texas Highway, Suite 1-520 Austin, Texas 78746-6414, USA Tel +1.512.999.7110 www.pabraifunds.com

Signature of the acquirer / Authorized Signatory

Place: AUSTIN, TX, USA

Date: 02.12.2021

Note:

(*) Total share capital/voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

PABRAI INVESTMENT FUNDS

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.