Sharat Industries Ltd. — Major Shareholding Notification 2021

Sep 27, 2021

Date: 25^th September, 2021.

To.

The Corporate Relationship Department BSE Limited PJ Towers. Dalal Street. Mumbai-400001

Dear Sir/Madam,

Sub: Intimation of disclosure under regulation 29(2) of SEBI (substantial acquisition of shares and takeovers) regulations, 2011 and Regulation 7(2) read with Regulation 6(2) SEBI (Prohibition of Insider Trading) Regulations, 2015

Ref: Scrip Code: 519397

In line with the requirements of the above captioned regulations the Company has received disclosure from Mr. S. Sharat Reddy, Executive Director and Promoter of the Company under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and FORM C under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

We are forwarding the disclosures received from Mr. S. Sharat Reddy, Executive Director.

Kindly take the above information on record.

Thanking you,

Yours Faithfully,

For Sharat Industries Limited

B Vianesh Ram

Digitally signed by B Vignesh Ram Date: 2021.09.25 19:13:13 +05'30'

B.Vignesh Ram

Company Secretary & Compliance Officer

FORMAT FOR DISCLOSURES UNDER REGULATION 29(2) OF SEBI (SUBSTANTIAL
ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011

Name of the Target Company (TC)	SHARAT INDUSTRIES LIMITED
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	S. SHARAT REDDY
Whether the belongs acquirer to Promoter/Promoter group	Yes
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	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 capital of the TC $(*)$
Before the acquisition /sale under
consideration, holding of:
a) Shares carrying voting rights	24,64,800	11.20%	11.20%
b) Shares in the nature of encumbrance (pledge lien non-disposal Ι I undertaking / others)		-
Voting rights (VR) otherwise than by c)
equity 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)
(e) Total (a+b+c+d)	24,64,800	11.20%	11.20%
of Details acquisition /sale under consideration, holding of:
Shares carrying voting rights acquired / a) sold	1,500	0.01%	0.01%
b) VRs acquired/sold otherwise than by equity shares
e) Warrants/convertible securities/any instrument that other entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold
Shares encumbered / invoked/released d) by the acquirer
(e) Total (a+b+c+d)	1,500	0.01%	0.01%

After the acquisition/sale, holding of: Shares carrying voting rights a) Shares encumbered with the acquirer b) VRs otherwise than by equity shares c) Warrants/convertible securities/any d) other instrument that entitles the acquirer to receive shares carrying voting rights in the	24,63,300	11.19%	11.19%
TC (specify holding in each category) e) after acquisition (e) Total (a+b+c+d)	24,63,300	11.19%	11.19%
Mode of acquisition/sale (e.g. open market / off-market / public issue / rights issue /preferential allotment / inter-se transfer etc.)	Open Market Transaction
Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	23.09.2021
Equity share capital / total voting capital of the TC before the said acquisition/sale	2,20,12,500 Equity Shares of Rs.10/- each
Equity share capital/ total voting capital of the TC after the said acquisition/sale	2,20,12,500 Equity Shares of Rs.10/- each
Total diluted share/voting capital of the TC after the said acquisition/sale	2,20,12,500 Equity Shares of Rs.10/- each

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.

(**) 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.

$\Rightarrow$

S. Sharat Reddy Promoter - Sharat Industries Limited

Place: Chennai Date: 24.09.2021