Styrenix Performance Materials Limited — Major Shareholding Notification 2021

Oct 20, 2021

INEOS STYROLUTION

INEOS Styrolution India Limited 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara - 390 023. Gujarat, India

www.ineosstyrolutionindia.com

October 20, 2021

To. BSE Limited Dept. DSC_CRD Phiroze Jeejeebhoy Towers. Dalal Street Mumbai 400 001

BSE Scrip Code: 506222

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, 'G' Block, Bandra- Kurla Complex, Bandra ('E') Mumbai 400 051 NSE Symbol: INEOSSTYRO

Subject: Receipt of disclosure pursuant to Regulation 29(2) SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Dear Sir.

Pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find enclosed herewith disclosure as received today i.e. October 20, 2021, from Nippon India Mutual Fund regarding change in their shareholding in the Company.

You are requested to kindly take the same on your records.

Thanking You. Yours Faithfully,

For INEOS Styrolution India Limited

Abhijaat Sinha Head Legal & Company Secretary

Encl.: As above.

UTIO ADODAY

Head Office: INEOS Styrolution India Limited CIN: L25200GJ1973PLC002436 5th Floor, Ohm House - II, Ohm Business Park, Subhanpura, Vadodara - 390 023, Gujarat, India Tele: +91 265-2303201,
Fax No: +91 265-2303203 +91 265-2303201/02 E mail: INSTY.secshare@ineos.com Registered Office: INEOS Styrolution India Limited CIN: L25200GJ1973PLC002436 5th Floor, Ohm House - II, Ohm Business Park, Subhanpura, Vadodara - 390 023, Gujarat, India Tele: +91 265-2303201
Fax No: +91 265-2303203 +91 265-2303201/02

NIMF/35/10/2021 October 20, 2021

National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Bombay Stock Exchange Limited Corporate Service Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Sir / Madam,

Sub: Disclosure pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

This is to inform you, that we have sold shares of "INEOS STYROLUTION INDIA LIMITED" (on behalf of Nippon India Mutual Fund)

The requisite disclosure in terms of Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is attached herewith.

Kindly acknowledge the receipt hereof.

Yours truly,

For Nippon Life India Asset Management Limited (formerly known as Reliance Nippon Life Asset Management Limited)

(Nilesh Pednekar) AVP - Compliance

C.C. The Company Secretary, M/s INEOS Styrolution India Limited 5th Floor, Ohm House - II, Ohm Business Park, Subhanpura Vadodara Gujarat 390023 Phone:0265-2356573 Fax: 0265-2356791 Email: INSTY.secshare@ineos.com

Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target Company (TC)	INEOS STYROLUTION INDIA LIMITED
2. Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Nippon Life India Trustee Limited (formerly known as Reliance Capital Trustee Co Ltd) A/c through various schemes of Nippon India Mutual Fund Contact Address: Nippon India Mutual Fund 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400 013. Tel No. +91 22 6808 7000 Fax No. +91 22 6808 7097
3. Whether the acquirer belongs to Promoter/Promoter group	No
4. Name(s) of the Stock Exchange(s) where the shares of TC are Listed	The National Stock Exchange of India Ltd, BSE Limited
5. 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 Sale under consideration, holding of :
a) Shares carrying voting rights	5,73,836	3.2631	3.2631
b) Shares in the nature of encumbrance (pledge/ lien/non-disposal undertaking/ others)	-	-	-
c) Voting rights (VR) otherwise than by equity shares	-	-	-
d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category)	-	-	-
Total (a+b+c+d)	5,73,836	3.2631	3.2631
Details of acquisition/sale
a) Shares carrying voting rights acquired/sold	50,000	0.2843	0.2843
b) VRs acquired /sold otherwise than by shares	-	-	-
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	-	-	-
d) Shares encumbered / invoked/released by the acquirer	-	-	-
Total (a+b+c+d)	50,000	0.2843	0.2843

	After the acquisition/sale, holding of:
	a) Shares carrying voting rights	5,23,836	2.9788	2.9788
	b) Shares encumbered with the acquirer	-	-	-
	c) VRs otherwise than by 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) after acquisition.	-	- -	- -
	Total (a+b+c+d)	5,23,836	2.9788	2.9788
	6. Mode of acquisition / sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc)	Open Market
	7. Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	October 18, 2021.
	8. Equity share capital / total voting capital of the TC before the said acquisition / sale	Rs. 17,58,56,250/- (1,75,85,625 shares at the face value of Rs.10 per share)
	9. Equity share capital/ total voting capital of the TC after the said acquisition / sale	Rs. 17,58,56,250/- (1,75,85,625 shares at the face value of Rs.10 per share)
	10.Total diluted share/voting capital of the TC after the said acquisition / sale	Rs. 17,58,56,250/- (1,75,85,625 shares at the face value of Rs.10 per share)

Signature of Authorized Signatory

(Nilesh Pednekar) AVP - Compliance

Place: Mumbai Date: October 20, 2021