Salzer Electronics Ltd. — Capital/Financing Update 2019

Sep 17, 2019

September 17, 2019

BSE Limited Exchange Plaza, C-1, Block G, ^| Floor, New Trading Ring, Bandra Kurla Complex, Rotunda Building, Bandra (E),Mumbai-—400 051 P.J.Towers, Dalal Street, Tel :+91 22 26598235/36, 26598346 Fort, Mumbai - SCRIP CODE: 517059 Symbol: SALZERELEC

THE CORPORATE RELATIONSHIP DEPT M/s. National Stock Exchange of India Ltd., 400 001. Fax : +91 22 26598237/38

Dear Sir,

To

Sub: Updates on Open Offer

This is to inform in terms of Regulation ³⁰ of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("LODR Regulation") that

• We, being the acquirer of Kaycee Industries Limited, have duly fulfilled all the obligations under the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, ²⁰¹¹ in respect of the Open Offer to acquire upto 16,503 fully paidup equity shares of Rs.100/— each at ^a price of Rs. 3,475/— per Equity Share, representing 26.00% of the Equity Share & Voting Capital of Kaycee Industries Limited (the "Target Company"),

• In the Open Offer, we accepted all 2,921 shares tendered by the shareholders of the Target Company which constitutes 4.60% of the Equity Share & Voting Capital of the Target Company and 17.70% of the total Open Offer Size;

• In view of above acquisition, our total shareholding in the Target Company has increased from 72.32% to 76.92% of the Equity Share & Voting Capital and public shareholding has decreased to 23.08% of the Equity Share & Voting Capital which is below the minimum public shareholding ("MP5") limit required to maintain continuous listing under Regulation ³⁸ of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ²⁰¹⁵ and Rule 19A of the Securities

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Samichettipalayam, Coimbatore - 641 047, India. one : + + ⁹¹ 422 4233600 Fax : + + ⁹¹ 422 2692170 :T

Contracts (Regulation) Rules, 1957. We shall take requisite steps to bring public shareholding in the Target Company to the stipulated minimum level within the time prescribed in the Securities Contracts (Regulation) Rules, 1957, SEBI (SAST) Regulations, 2011 and in compliance with Regulation ³⁸ of LODR Regulation and as per applicable law..

This is for information and dissemination to the stakeholders at large.

Thanking you

Yours faithfully

Iii!-

For Salzer Electronics Limited

5 Baskarasubramainain Director (Corporate Affairs) & Company Secretary

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + ⁹¹ 422 4233600 Fax : + + ⁹¹ 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com ISO ⁹⁰⁰¹ ,