RKEC Projects Limited — Major Shareholding Notification 2021

Mar 3, 2021

03 March 2021

To

National Stock Exchange of India Limited Exchange Plaza, Plot No: C1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Symbol: RKEC

Disclosure of Inter-se Transfer of Shares between the Promoters/Promoters Group in accordance with Regulation 10(5) of SEBI (SAST) Regulations, 2011.

Pursuant to the Regulation 30 read with Regulation 3 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 read with Regulation 3 of SEBI (Prohibition of Insider Regulations) Regulations, 2015, we would like to inform you that the Company has received an information of Inter-se transfer of shares (by way of Gift) amongst Promoter and Promoter Group, also immediate relative.

The details of the same is as under:

Date of ProposedTransaction	Name of the Person(belongs topromoter group)Transferor/Donor	Name of theTransferee/ Donor(belongs to promotergroup)	No. of Sharesproposed to betransferred byway of Gift	$%$ ofHolding
On or after March8, 2021	Shri. GarapatiRadhakrishna	Smt. GarapatiParvathi Devi	1,76,37,700	73.52

This being an inter-se transfer of shares amongst Promoter Group, the same falls within the exemption under Regulation $10(1)(a)(i)$ &(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (qualifying person being persons named as promoters in the shareholding pattern filed by the target company for not less than three years prior to the proposed acquisition).

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 $10(5)$ from the above said acquisition in prescribed format, as submitted by the acquirer is enclosed herewith for your kind information and records.

Thanking You,

For RKEC Projects Limited

Deepikatertai

Deepika Rathi Company Secretary & Compliance Officer Encl: As Above

$CIS$

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

Regd. Office: #10-12-1, 3rd Floor, Rednam Alcazar, Rednam Gardens, Opp. SBI Main Branch, Visakhapatnam-530 002 M: 0891-2574517 Tele Fax: 0891-2574703 Email: info@rkecprojects.com, Website: www.rkecprojects.com

GARAPATI PARVATHI DEVI # Flat No. 69, Door No. 7-17-9/1, Kirlampudi Layout, Siva Sivani Public School Chinna Waltair, Visakhapatnam, Andhra Pradesh - 530017

03 March 2021

T0

RKEC Projects Limited 10-12-1, 3rd Floor, Rednam Alcazar Rednam Gardens Visakhapatnam Andhra Pradesh-530002

National Stock Exchange of India Limited Exchange Plaza, Plot No: C1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Sub: Prior Intimation under regulation 10(5) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for proposed acquisition of shares by way of gift

Dear Sir/Ma'am.

As due compliance of Regulation 10(5) of the SEBI (SAST) Regulations, 2011, the undersigned being part of the Promoter and Promoter Group of the Company and also immediate relative, hereby furnish the PRIOR INTIMATION in the specified format under regulation 10(5) in respect of proposed inter-se acquisition of 1,76,37,700 (73.52%} shares of RKEC Projects Limited being the Target Company ("TC") in the following manner:

Inter-se Transfer (by way of Gift) of 1,76,37,700 (73.52%} shares from Shri. Garapati $\mathbf{i}$ Radhakrishna to Smt. Garapati Parvathi Devi, being promoters and immediate relative of the TC.

The shares are proposed to be acquired by way of "Gift" amongst the Promoter and Promoter Group pursuant to exemption provided in Regulation $10(1)(a)(i)$ $&$ (ii) (qualifying person being persons named as promoters in the shareholding pattern filed by the target company for not less than three years prior to the proposed acquisition) and there will be no change in the Total Shareholding of the Promoters Group after such inter-se transfer of shares of TC.

Thanking You.

Yours Faithfully

Gr. Partfathi Den

Garapati Parvathi Devi Promoter of RKEC Projects Limited (Acquirer)

Encl: As Above

Annexure-A

DECLARATION BY ACQUIRER

This is with respect to the following proposed acquisition of shares by way of "Gift," inter-se, within the Promoters and Promoter Group and immediate relative of the Company viz. RKEC Projects Limited, a company incorporated under the Companies Act, 1956, having its registered office at Door No. 10-12-2, 3rd Floor Rednam Alcazar, Rednam Gardens, Opp SBI Main Branch, Visakhapatnam-530002, Andhra Pradesh, India:

Inter-se Transfer (by way of Gift) of 1,76,37,700 (73.52%) shares from Shri Garapati $\dot{I}$ . Radhakrishna, being promoter of the TC.

In this regard, the undersigned being the proposed acquirer to the proposed "Gift", hereby declare that:

• a. The transferor and transferee have complied / will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011 (corresponding provisions of the repealed Takeover Regulations 1997}
• b. All the conditions specified under regulation $10(1)(a)$ with respect to exemptions has been duly complied with.

Gl. Crish Hi Devi

Promoter of RKEC Projects Limited (Acquirer) Date: March 03, 2021 Place: Visakhapatnam

Disclosures under Regulation 10(5)- Intimation to Stock Exchange in respect of acquisitionunder Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers)Regulations, 2011

$\mathbf{1}$	Name of theTarget Company(TC)		RKEC Projects Limited
$\overline{2}$	Name of the acquirer(s)		The disclosure is pursuant to Inter-setransfer of Shares (by way of Gift)amongst Promoter and Promoter Group(also immediate relative).The Transferee/ Acquirer is SmtGarapati Parvathi Devi
3	acquire(s)is/Whether theTCpriorof theare promotersto the transaction. If not, nature ofor association withrelationshipthe TC or its promoters		Yes.The disclosure pertains to inter-setransfer (by way of Gift) of sharespromoter and promoterbetweengroup (also immediate relative).
$\overline{4}$	a.	Details of the proposed acquisitionName of the person(s) fromwhom shares are to be acquired	The Transferor(s) are:1. Shri Garapati Radhakrishna
	b.c.	Proposed date of acquisitionNumber of shares to be acquiredfrom each person mentioned in$4(a)$ above	On or after March 8, 2021$1,76,37,700$ shares to be acquired bySmt Parvathi Devi Garapati from ShriGarapati Radhakrishna
	d.	Total shares to be acquired as %of share capital of TC	73.52%
	e.	Price at which shares areproposed to be acquired	NIL. Shares are proposed to betransferred by way of Gift. Therefore,no consideration involved.
	f.	Rationale, if any, for theproposed transfer	The proposed acquisition is only a privatefamily arrangement.
5	Relevant sub-clause ofregulation 10(l)(a) under whichthe acquirer is exempted frommaking open offer		Sub clause (i): Immediate RelativeSub clause (ii): persons named aspromoters in the shareholding patternfiled by the target company in terms ofthe listing regulations or as the case maybe, the listing agreement or theseregulations for not less than three yearsprior to the proposed acquisition.
6		If, frequently traded, volumeweighted average market pricefor a period of 60 trading dayspreceding the date of issuance ofthis notice as traded on the stockexchange where the maximumvolume of trading in the sharesof the TC are recorded duringsuch period.	Not Applicable, since the Shares areproposed to be transferred by way ofGift. Therefore, no considerationinvolved.

G. Parisonthin Deni