Shrenik Limited — Major Shareholding Notification 2021

Jun 30, 2021

Format for disclosure of reasons for encumbrance
Name of the Listed Company	Shrenik Limited
Name of the recognised stock exchanges where the shares of thecompany are listed	National Stock Exchange of India Limited
Name of the promoter(s) / PACs whose shares have been encumbered	Mr. Shrenik Sudhir Vimawala
Total promoter shareholding in the listed company (as on date ofreporting)	No. of Shares: 37,25,68,808% of total share capitaI:60.68%
Encumbered shares as a % of promoter shareholding (as on date ofreporting)	No. of encumbered shares: 22,25,65,894% of promoter shareholding 59.74%
Whether encumbered share is 50% or more of promoter shareholding	Yes
Whether encumbep:'d share is 20% or more of total share capital	Yes

Particulars	Encumbrance	r­ Encumbrance	Encumbrance	Encumbrance	Enl.Jmbrance	Encumbrance	IEncumbrance	Encumbrance I
	(Dateof1creationofencumbrance:16.08.2019)	(Dateofcreationofencumbrance: 20.08.2019)	(Dateofcreationofencumbrance: 27.08.2019)	(Dateofofcreationencumbrance. 28.12.2019)	(D?teofcreationofencumbrance:07 C3. 2020)	(Datecreationencumbrance: 07.03.2020)	of (Dateofof I creationofIencumbrance:18.01.2021)	of I(Dateof Icreationencumbra nce: 2503.2021)
Typeencumbrance(pledge,lien,negative lien, nondisposalundertaking etc. oranyothercovenant,transaction,conditionorarrangement in thenatureofencumbrance)	of I Pledge	I Pledge	Pledge	I Pledge	Pledge	Pledge	Pledge	Pledge
%No.andshares	of I No. of shares:10,00,000	No. of shares:20,06,397	No. of shares:9,21,252	No. of shares:25,00,000	No. of shares:20,00,000	No. of shares:20,00,000	No. of shares:15,00,00,000	No. of shares:15,00,000
encumbered
	% of total sharecapital: 0.98%*	%of totalshare capital:1.97%*	%oftotalshare capital:0.90%*	oftotal%share capital:2.45%*	% of total sharecapital 1.96%*	%oftotalshare capital:1.96%*	% of total sharecapital:24.51%**	%oftotalshare capital:0.25%**

Addition @	No. of shares: 1 ,96,38,245% of total share capital: 3.21 %**	No. of shares:125,00,000of total%share capital:2.05%**	No. of shares:1,00,00,000% of total sharecapital: 1.63%**	No. of shares:1,00,00,000%oftotalshare capital:1.63%**	-	-
Reduction /Partialreleasedpledge/invocation	-­	-	-Dated09.04.2021­Invoked20,00,000shares ­of%totalcapital:share0.33%.	Dated-14052021­Invoked10,00,000shares -% oftotalsharecapital:0.1634%.
II				Dated-24052021Invoked5,00,000shares ­% of totalshare capital:0.0817%."	I	III
!II			~17062021­Partial releasedshares-80,00,000­% of total sharecapital: 1.31 %.	Dated17.062021­Partialreleased-25,00,000shares ­1 %oftotalshare capital:0.41%.		I
Total:	No. of Shares: 2,35,65,894% of total share capital : 3.85%**I	ofNo.I Shares:1,50,00,000of total%ShareCapital:2.45%**	No. of Shares:20,00, 000oftotal%Share Capital:0.31%**	ofNo.Shares:80,00,000% of totalShareCapital:1.31%	No. of shares:15,00,00,000oftotal %%share capital: share capital:24.51%**	No. of shares:15,00,000oftotal0.25%**III
SpeNameofcificentity in whosedetalfavourencumbered (XlIs	theAditya Birla Finance Ltd.shares	RaghuvirExim Ltd	Samay NayanParikh HUF--. . -	Ranna NayanParikh	PNBInvestmentServicesLimited	JagabhaiDevabhalMudhava

abo	Whetherthe	YESANO	YESANO	YESANO	YES/NO	YES/NO	YES/NO	YES/NO	YES/NO
uttheencumbrance$\sim$	entity Xis ascheduledcommercialbank.publicfinancialinstitution, NBFChousingorfinancecompany? If No,theprovidethenatureоfbusiness of theentity.	NBFC	NBFC	NBFC	RaghuvirExim Limitedis one of theleadingmanufacturerand exporterofhometextileproducts fromIndia.	Individual	Individuals	PNBInvestmentServicesLimitedoperatingasmerchantforbankerState Bank ofIndiaandPunjab NationalBank of India.	Individual
	ofallNamesother entities inthe agreement
	Whethertheencumbrance isrelating to anydebt instrumentsdebenture,viz.commercialpaper. certificateof deposit etc.? Ifprovideyes,details about theinstrument,including creditrating	N O	No	No	No	No	No	No	No
SecurityCoverAssetCover	Value of shareson the date ofevent$\sqrt{ }$agreement (A)	5,32,50,000	10,04,20,169.85	3,85,54,396.20 (The valuehasbeenarrived at bytakingintotheaccountClosing priceof Rs. 41.85on NSE as on26.08.2019)	10,12,50.000(Thevaluehasbeenarrived at bytakingintotheaccountClosing priceof Rs. 40.50on NSE as on27.12.2019)	5,00,00,000(The value hasbeen arrived atby taking intoaccounttheClosing price ofRs. 25 on NSEason06.03.2020)	5,00,00,000(Thevaluebeenhasarrived at bytakingintoaccounttheClosing priceof Rs. 25 onNSE as on06.03.2020)	61,50,00,000(The value hasbeen arrived atby taking intoaccounttheClosing price ofRs. 4.10onNSEason15.01.2021)	31,50,000(Thevaluebeenhasarrived at bytakingintoaccounttheClosing priceof Rs. 2.10 onNSE as on23.03.2021)
	Additions@		18,65,63,327.5(The value has been arrived at by takinginto account the Closing price of Rs. 9.50on NSE as on 08.10.2020)		11,87,50,000(Thevaluebeenhasarrived at by	9,50,00,000(The value hasbeen arrived atby taking into	9,50,00,000(Thevaluehasbeenarrived at by	$\sim$	×

			takingintoaccounttheClosing priceof Rs. 9.50on NSE as on08.10.2020)	accounttheClosing price ofRs.9.50ononNSEas08.10.2020)	takingintoaccounttheClosing priceof Rs. 9.50 onNSE as on08.10.2020)
I	ReductionIPartial releasedpledgelinvocation	-­!	-	36,00,000(The value hasbeen arrived atby taking intoaccounttheClosing price ofRs.1.80onNSEason09.04.2021 )	20,00,000(Thevaluehasbeena rrived at byintotakingtheaccountOpening priceof Rs . 2 onINSE as on14.052021)I
I	I	II	I	I	12,50,000(Thevaluehasbeenarrived at by ItakingintoaccounttheOpening priceof Rs . 2.5 onNSE as on24 .05.2021)	I	I
		i		1,92,00,000( The value I,asbeen arrived atby taking intoaccounttheOpening priceof Rs. 2.40 onNSEason17.06.2021)	60,00,000(Thevaluehasbeenarrived at bytakingintoaccounttheOpening priceof Rs. 2.40 onNSE as on17.06.2021)		I
	Total	37,87,87 ,893.55	22,00,00,000	12,22,00,000	13,57,50,000	61,50,00,000	31,50,000
	Amount involved(againstwhichhavesharesbeenencumbered) (8)	Shares pledged as collateral securityforloan amounting to Rs.10,00,00,000	5,00,00,000	48,00,000(ondated17.06.2021 -settlementof	37 ,00,000(ondated17.06.2021­	Shares pledgedcollateralassecurity for loanamountingtoRs. 95. 75 Cr.	38,00,000

						Rs.5,00,000SharesfromtotalRs.53,00,000)	settlement ofRs. 5,00,000Shares fromtotalRs.42,00,000 )
	Ratio of A I B	-	I-	I ­	4.4	25.46	36.69	-	0.83
End	Borrowed	Collateral Security for the benefit of the			Forthe	Personal	Personal	Collateral	Personal
use	amount tobe	Company			benefit of the	Borrowing	Borrowing	Security for the	Borrowing
of	utilized for what				Company.	takenby	takenby	benefit of the	takenby
mon	purpose ­					promoterMr.	promoter Mr.	Company	promoter Mr.
ey	(a) Personal use					Shrenik	Shrenik		Shrenik
	by promoters and					Vimawalato	Vimawala to		Vimawala to
	PACs					meet personal	meet		meet
	For(b)the					requirements.	personal		personal
	benefit of listed					I	requirements.		requirements.
	company				I
	Providedetails	I				I			II
	including
	amount, purpose					I			I
	of raising money					I		I
	bylistedcompany,							I
	schedulefor					I		I
	utilizationof
	amount,					I
	repayment					II
	schedule etc.
	(a)Anyother
	reason(please
	specify)

ParticularsType of encumbrance(pledge, lien , negativelien ,non-disposalundertaking etc. or anyothercovenant,	Encumbranceof(Dateofcreationencumbrance: 26.062021 )Pledge	Encumbrance(Dateofcreationofencumbrance: 2606.2021)Pledge	Encumbranceof(Dateofcreationencumbrance: 2606.2021)Pledge	Encumbranceof(Datecreationofencumbrance:26062021)Pledge	Encumbrance(Date of creation ofencumbrance:29062021 )Pledge
transaction, conditionor arrangement in thenatureofencumbrance)
INo. and % of shenculT,be red	ofs I No.shares.50,00,000of%tet21share capital0.82%	No. of Sh3rcS:50,00,0(;0Ioftotal%share capital0.82%	No. of shares:50,00,000total%ofsh are capital0.82%	No. of shares:2;),00,000% of total sharecapital 0.41 %	No. of shares:~u,l)O ,OOOshareoftotal%ap ita l : 0.82%
Addition @	-­	--	-­	-	-­
Reduction/Partialreleasedpledge/in vocation	-­	--	-­	-	--
-Total:	,1Noshares:50,00,000%oftotclsharE capita: :0.82%	No. of shares50,00,000I %oftotalshare capital0.82%	No. of shares·50, 00,000%oftotalshare capital0.82%	No. of shares:25,00,000% of total sharecapital: 0.41 %	INo. of shares·II,50,00,000,oftotalshare%capital: 0.82%I
Name of theSpeentity in whosecificfavour sharesdetaencumberedils(X)abo	Mr.NiravZaveri	Pooja I Mr.Mr.Mehta	VirenShahI	Mr. KrunalBhavsar	IMr. Anand RingwalaI

ut	Whetherthe	YES/NO	YES/NO	YES/NO	YES/NO	YES/NO
theencumbrance	entity X is ascheduledcommercialpublicbank,financialinstitution,NBFCОrhousingfinancecompany?ΙfNo.providethe nature ofthe business ofthe entity.	Individual	Individual	Individual	Individual	Individual
	Names of allotherentitiesintheagreement	$\overline{\phantom{a}}$	÷,	$\overline{a}$	$\overline{a}$
	Whethertheencumbranceis relating todebtanyinstrumentsviz. debenture,commercialpaper,certificateofdeposit etc.? Ifprovideyes,detailsaboutthe instrument,including creditrating	No	N O	N o	N O	No.
SecurityCov$er$ /AssetCover	Valueоfshares on thedate of event /agreement (A)	1,07,50,000(The value)has beenarrived at bytaking intoaccount theClosing priceof Rs. 2.15 onNSE as on25.06.2021)	1,07,50,000(The value hasbeen arrivedat by takinginto accountthe Closingprice of Rs.2.15 on NSEas on25.06.2021)	1,07,50,000(The value hasarrivedbeenat by takingintoaccounttheClosingpriceof Rs.2.15 on NSEason25.06.2021)	53,75,000(The value hasbeen arrived atby takingintoaccounttheClosing price of2.15Rs.onNSEason25.06.2021)	1,07,50,000(The value has beenarrived at by taking intoaccount the Closingprice of Rs. 2.15 onNSEason28.06.2021)

	Additions@;l	-	-	-	-	-
	Reduction	-	-	-	-	-
	IPartial
	released
	pledge/invocati
	on
	Total	1,07,50,000	1,07,50,000	1,07,50,000	53,75,000	1,07,50,000
	Amount	56,25,000	56,25,000	56,25,000	28,12,500	--­56,25,000
	involved
	(againstwhich
	shareshave
	been
	encumbered)
	(B)
	Ratio of A J 8	1 9)	1.91	1.91	1.91	, 1.91
Ene	Borrowed	Person,,1	Personal	Personal	Pers onal	PersonalBorrowi ng
US6	amouri', to ~e	80110wing	8 0 ' lu'l';11 9	I BorlOwi; '9	Gorrov/ir.» (aken	taken loy promoter Mr.I
of	utilizedfor	taken by	laker) by	I taken by	by promoter Mr.	rK VrmawalaShrento
man	what purpose	promoter Mr.	promoter Mr.	i promoter Mr.	Shrenik	personalmeet
ey	-	Shrenik	Shr"' nik	. Shrenik	in ~a /3 1 2 to	requirements.
	Personal(a)	Vimawala to	Vimawala to	Vimawala to	meet personal
	by	meet personal	meet personal	meet personal	requir8ments
	usepromoters and	requirements	requirements	requirements
	,PACs
				I
	(b)Forthebenefit of listed		I			iI
						I
	company
	Provide details
	including
	amount,
	purposeof
	raising money
	bylisted
	company,			I
	schedulefor
	utilizationof
	amount,
	repayment
	schedule etc.
	(a) Any other					!
	reason (please
	specify)					I

The Authorized Signatory:

~~"- ":, ~'"'-----------

Shrenik Vimawala

Place: Ahmedabad Date: 29.06.2021

'Paid upShare capital is 10,20,00,000 Equity Shares of Rs 2/- each aggregating to Rs. 204,000,000/ **Paid up share capital is 61,20,00,000 Equity Shares of Re. 1/- each aggregating to Rs. 61 ,20,00,000/

@ Due to stock split (sub-division) and bonus issue of equ ity shares, the shares have automatically been pledged in the pledgee's account. The Company has split the shares from face value 0; Rs2/- each to Re.1 /- each and issued Bonus equ ity shares in the ratio 21 at the Meeting of the Board of Directors held on August 24, 2020 and rer ei'Jed the approval of the shareholders at their meeting held on September 28, 2020 Later, the Company has allotted Bonus equity shares at the Meetillg of tre Board of Oirc:ctors Ileld on October 12, 2020 -:-he said split st,ares and the bonus shares were listed and ad mitted to dealings on the Exchange w.e.f. October 12, )020 and October 19, 2020 respectively Hence by virtue of splitti'lg of the shares and issue of bonus shares, there is no dilution on the holding of the equity shares.