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Shalimar Paints Ltd. — Major Shareholding Notification 2021
Jul 9, 2021
62395_rns_2021-07-09_001ca4f6-7fd0-40e7-b168-02b7a5cb57f5.pdf
Major Shareholding Notification
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9 July 2021
The Secretary Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai 400001 E-mail: [email protected] The Secretary National Stock Exchange of India Ltd. Exchange Plaza, 3rd Floor Plot No.3-1."G" Block, I.F.B. Centre, Bandra-Kurla-Complex, Bandra (East), Mumbai - 400 051 Email: [email protected]
The Compliance Officer Shalimar Paints Limited Stainless Centre, 4th Floor, Plot No. 50, Sector 32, Gurugram 122001 E-mail: [email protected]
Dear Sir / Madam,
Disclosure dated 1 July 2021 under Regulation 29(2) of the Securities and Exchange Board of Sub: India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the "SEBI Takeover Regulations")
This is in reference to the disclosure under Regulation 29(2) of the SEBI Takeover Regulations dated 1 July 2021 made by Hind Strategic Investments, a member of the promoter and promoter group of Shalimar Paints Limited ("Company"). Due to a typographical error, it was inadvertently mentioned that HSI has transferred 27,15,052 equity shares of the Company on 29 June 2021, however the actual transfer was of 27,15,012 equity shares.
In view of the above, please find attached the restated disclosure under Regulation 29(2) of Takeover Regulations.
Kindly take the above on record.
Yours sincerely
For HIND STRATEGIC INVESTMENTS
Name: Surya Kumar Jhunjhnuwala Designation: Director
Encl: a/a
Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| Name of the Target Company ("TC") | Shalimar Paints Limited ("SPL") | |||
|---|---|---|---|---|
| Name(s) of the acquirer-/ seller and Persons Acting in Concert (PAC) with the acquirer |
Seller: Hind Strategic Investments Persons acting in concert: While there may be other persons, including members of the promoter and promoter group of SPL who are deemed PACs with the Seller, they are not acting in concert for the purposes of this transfer. |
|||
| Whether the seller belongs to Promoter/Promoter group |
Yes | |||
| Name(s) of the Stock Exchange(s) where the shares of TC are Listed |
National Stock Exchange of India Limited BSE Limited |
|||
| Details of the acquisition / disposal as follows | Number | % w.r.t. total share / voting capital wherever applicable $(*)$ |
% w.r.t. total diluted share voting $\sqrt{2}$ capital of the $TC (**)$ |
|
| Before the sale under consideration, holding of: | ||||
| a) Shares carrying voting rights | 37,85,430 | 6.97% | 6.97% | |
| b) | Shares in the nature of encumbrance (pledge/ lien / non-disposal undertaking / others) |
NA | NA | NA |
| c) | Voting rights (VR) otherwise than by shares | NA | NA | NA |
| 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) |
NA | NA | NA |
| $e)$ Total (a+b+c+d) | 37,85,430 | 6.97% | 6.97% | |
| Details of acquisition / sale | ||||
| a) | Shares carrying voting rights acquired-/ sold | 27,15,012 | 5.00% | 5.00% |
| b) | VRs acquired / sold otherwise than by shares | NA | NA | NA |
| 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 / sold |
NA | NA | NA |
| d) | Shares encumbered / invoked / released by the acquirer |
NA | NA | NA |
| e) Total $(a+b+c+/-d)$ | 27,15,012 | 5.00% | 5.00% | ||
|---|---|---|---|---|---|
| After the acquisition / sale, holding of: | |||||
| a) Shares carrying voting rights | 10,70,418 | 1.97% | 1.97% | ||
| b) Shares encumbered with the acquirer | NA | NA | NA. | ||
| c) VRs otherwise than by shares | NA. | NA | NA | ||
| 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 |
NA | NA | NA | ||
| e) Total $(a+b+c+d)$ | 10,70,418 | 1.97% | 1.97% | ||
| Mode of acquisition / sale (e.g. open market / off- market / public issue / rights issue / preferential allotment / inter-se transfer etc). |
Off-market inter-se transfer among members of the promoter and promoter group |
||||
| Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, 29 June 2021 whichever is applicable |
|||||
| Equity share capital / total voting capital of the TC before the said acquisition / sale |
5,43,00,259 (no. of equity shares) | ||||
| Equity share capital / total voting capital of the TC after the said acquisition / sale |
5,43,00,259 (no. of equity shares) | ||||
| Total diluted share / voting capital of the TC after the said acquisition |
5,43,00,259 (no. of equity shares) |
(*) Total share capital / voting capital to be taken as per the latest filing done by the Target Company to the Stock Exchange under Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
(**) 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.
For HIND/STRATEGIC INVESTMENTS
Name: Surya Kumar Jhunjhnuwala Designation: Director
Place: Singapore Date: 1 July 2021