Rapicut Carbides Ltd. — Major Shareholding Notification 2020

Mar 19, 2020

JAGDISH C BHATIA B-52, “Archana”, 5[th] Floor, Juhu Versova Link Road, Andheri West, Mumbai- 400053

Corporate Relationship Department, BSE Limited Floor 25, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001.

REF: DISC/29(2)

Date: 19/03/2020

Dear Sir,

Sub: Sale of shares of Rapicut Carbides Ltd. Ref : Scrip Code: 500360

This has reference to above subject, please find enclosed herewith Annexure – 2 for Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations 2011 for Sale of Shares of Rapicut Carbides Limited (Scrip Code- 500360).

This compliance is in respect of Regulations 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011.

You are requested to take note of the same on your record.

Thanking you,

Yours faithfully,

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Jagdish C Bhatia

ANNEXURE – 2 Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company	Name of the Target Company	Name of the Target Company	Rapicut Carbides Limited	Rapicut Carbides Limited	Rapicut Carbides Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer			Jagdish C Bhatia PAC: 1) Chandrashekhar J Bhatia 2) Shashidhar J Bhatia 3) Girish J Bhatia 4) Dayawanti J Bhatia 5) Chetan G Cholera 6) Pragya Equities Pvt Ltd 7) Meera Shankar Pendsay 8) Kanayalal Gagandas Narumalani 9) Khushal Gagandas Narumalani 10) Lalit M Bijlani
Whether the acquirer belongs to Promoter/Promoter group			Yes
Name(s) of the Stock Exchange(s) where the shares of TC are Listed			BSE Ltd.
Details of the acquisition / disposal as follows			Number	% w.r.t.total share/voting capital wherever applicable(*)	% w.r.t. total diluted share/votin g capital of the TC(**)
Before the acquisition under consideration, holding of :
a) Shares carrying voting rights			69010	1.28%	-
b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others)			-	-	-
c) Voting rights (VR) otherwise than by shares			-	-	-
d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category)			-	-	-
e) Total (a+b+c+d)			69010	1.28%	-
Details of	~~acquisition~~ ~~/~~sale
a) Shares carrying voting rights		~~acquired~~ ~~/~~sold	-69010	-1.28%	-
b) VRs acquired /sold otherwise than by shares			-	-	-
c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holdingin each category)acquired/sold			-	-	-

d) Shares encumbered / invoked/released by the acquirer			-	-	-
e) Total(a+b+c+/d)			-69010	-1.28%	-
After the	~~acquisition~~ ~~/~~sale, holding of:
a) Shares carrying voting rights			0	0%	-
b) Shares encumbered with the acquirer			-	-	-
c) VRs otherwise than by shares			-	-	-
d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition			-	-	-
e) Total(a+b+c+/d)			0	0%	-
Mode of~~acquisition~~ / sale (e.g. open market / off- market / public issue / rights issue / preferential allotment/inter-se transfer etc).			Off- Market Transaction (Refer Note 1)
Date of~~acquisition~~ / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable			18/03/2020
Equity share capital / total voting capital of the TC before the said~~acquisition~~ /sale			5371245
Equity share after the said		capital/ total voting capital of the TC ~~acquisition~~ /sale	5371245
Total diluted share/voting capital of the TC after the said acquisition			5371245

• (*) 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.

• (**) 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.

Note:-

1. Pursuant to share purchase agreement dated August 19, 2019 entered amongst Jagdish C Bhatia, Dayawanti J Bhatia, Chandrashekhar J Bhatia, Shashidhar J Bhatia, Girish J Bhatia, Chetan G Cholera, Pragya Equities Pvt Ltd collectively to be referred as “Sellers” and Abhishek Gami and Shruti Gami collectively to be referred as “Buyers”, the sellers has sold 14,91,451 shares and the buyers has bought the same as per the terms and conditions mentioned in the said share purchase agreement. The said shares has been bought by the buyers after the completion of offer period i.e. October 21, 2019.

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Signature of the ~~acquirer~~ / seller / ~~Authorised Signatory~~

Place: Mumbai

Date: 19/03/2020

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