Symphony Limited — Major Shareholding Notification 2020

Mar 20, 2020

March 19, 2020

National Stock Exchange of India Limited

Listing Department Plot no. C/1, G Block, Bandra-Kurla Complex, BKC Road Bandra East, Mumbai 400 051

Bombay Stock Exchange

Listing Department' Phiroze Jeejeebhoy Towers Dalai Street Mumbai 400 001

Dear Sirs,

Sub: Disclosures under Regulation 29f1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. 2011

Axis Asset Management Company Limited ("Axis AMC") is the Investment Manager of Axis Mutual Fund. Axis AMC is a company incorporated in India under the Companies Act, 1956 and is having its Registered Office at Axis House, 1st Floor. C-2, Wadia International Centre, Pandurang Budhkar Marg Worli, Mumbai 400 025. Axis Mutual Fund ("Axis MF") is a mutual fund constituted in India and registered with the Securities and Exchange Board of India ("SEBI") under SEBI (Mutual Funds) Regulations, 1996 vide registration no. MF/061/09/02.

Axis Capital Builder Fund - Series 1, Axis Emerging Opportunities Fund - Series 1, Axis Emerging Opportunities Fund-Series 2, Axis ESG Equity Fund. Axis Growth Opportunities Fund, Axis Retirement Savings Fund - Aggressive Plan, Axis Retirement Savings Fund - Conservative Fund, Axis Retirement Savings Fund - Dynamic Plan and Axis Long Term Fquity Fund are schemes of Axis Mutual Fund and have acquired more than 5% shares of Symphony Limited (Target Company) on March 18, 2020.

in terms of Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. 2011, any acquirer who acquires shares or voting rights in a target company which taken together with shares or voting rights, if any, held by him and by persons acting in concert with him in such . target company, aggregating to five per cent or more of the shares of such target company, shall disclose their aggregate shareholding and voting rights in such target company and every stock exchange where the shares of the target company are listed within 2 working days.

Please note that the purchase of shares of Symphony Limited has been carried out in the ordinary course of investment (portfolio investments) by the schemes of Axis Mutual Fund.

In order to comply with above mentioned requirements, please find enclosed herewith the disclosures in prescribed format. We request you to take the same on records.

Thanking you

Yours Sincerely, for Axis Asset Management Company Limited

Compliance Officer Date : March 19, 2020 Place : Mumbai

Enclosures:

1. Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition^ ^ ^ a n d ^ a ^ v e r s ^ Limjted Regulations, 201 1 Investment M anager to Axis Mutual Fund

CIN - U 65991M H 2009PLC189558 Axis House, First Floor, C-2 Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025.

TEL 022 4325 5161 FAX 022 4325 5199 WEB axismf.com

Format for Disclosures under Regulation 29f11 of SEBI (Substantial Acquisition of Shares and Takeovers') Regulations. 2011

Part-A- Details of the Acquisition

Name of the Target Com pany (TC)	Symphony Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Axis Capital Builder Fund - Series 1, Axis Emerging Opportunities Fund - Series 1. Axis Emerging Opportunities Fund - Series 2, Axis ESG Equity Fund, Axis Growth Opportunities Fund, Axis Retirement Savings Fund - Aggressive Plan. Axis Retirement Savings Fund - Dynamic Plan, Axis Retirement Savings Fund - Conservative Plan and Axis Long Term Equity Fund (Schemes of Axis Mutual Fund)
Whether the acquirer belongs to Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	1. Bom bay Stock Exchange 2. National Stock Exchange of India Ltd.
Details of the acquisition as follows	Number	% w.r.t. total share/votin g-eapital wherever applicable( *)	% w.r.t. total diluted share/vot ing capital of theTC n
Before the acquisition under consideration, holding of acquirer along with PACs of: a) Shares carrying voting rights b) Shares in the nature of encum brance (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 TC (specify holding in each category) e) Total (a+b+c+d)	34,94,163 Shares Please refer Note 1)	4.99%	Not Applicable
Details of acquisition a) Shares carrying voting rights acquired b) VRs acquired otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying	?5,000 shares Please refer Note 2)	0.14%	\lot Applicable

f t -

category) acquired d) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others) e) Total (a+b+c+/-d)
After the acquisition, holding of acquirer along with PACs of:
a) Shares carrying voting rights b) VRs otherwise than by equity 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) after acquisition d) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others) e) Total (a+b+c+d)	35,89,163 Shares (Please refer Note 3)	5.13%	Not Applicable
Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance, etc.)	Open Market
Salient features of the securities acquired including time till redemption, ratio at which it can be converted into equity shares, etc.	Shares carrying voting rights (portfolio investments by Mutual Fund schemes)
Date of acquisition of/ date of receipt of intimation of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC.	Date of acquisition: March 18, 2020 (Acquisition resulting in shareholding crossing 5%)
Equity share capital / total voting capital of the TC before the said acquisition	Rs. 13,99,14,000 paid up capital (6,99,57,000 shares of face value Rs. 2)
Equity share capital/ total voting capital of the TC after the said acquisition	Rs. 13,99,14,000 paid up capital (6,99,57,000 shares of face value Rs. 2)
Total diluted share/voting capital of the TC after the said acquisition	Not applicable

Note 1: Out of total 34,94,163 equity shares (4.99% of equity share capital) of Symphony Limited held by the schem es of Axis Mutual Fund, 17,000 equity shares (0.02% of equity share capital) were held by Axis Emerging Opportunities Fund - Series 1, 17,000 equity shares (0.02% of equity share capital) were held by Axis Emerging Opportunities Fund - Series 2, 1,00,566 equity shares (0.14% of equity share capital) w ere held by Axis Capital Builder Fund - Series 1, 29,195 equity shares (0.04% of equity share capital) were held by Axis Growth Opportunities Fund, 47,690 equity shares (0.07% of equity share capital) w ere held by Axis Retirement Savings Fund - Dynamic Plan, 17,543 equity shares (0.03% of equity share capital) were held by Axis Retirement Savings Fund - Conservative Plan, 1,75,438 equity shares (0.25% of equity share capital) were held by Axis Retirement Savings Fund - Aggressive Plan, 85,601 equity shares (0.12% of equity share capital) were held by Axis ESG Equity Fund and 30,04,130 equity shares (4.29% of equity share capital) were held by Axis Long Term Equity Fund as on March 17, 2020.

Note 2: 95,000 equity shares (0.14% of equity share capital) of Symphony Limited were acquired by Axis ESG Equity Fund (Schem e of Axis Mutual Fund) on March 18, 2020.

Note 3: Post acquisition, 17,000 equity shares (0.02% of equity share capital) were held by Axis Emerging Opportunities Fund - Series 1, 17,000 equity shares (0.02% of equity share capital) were held by Axis Emerging Opportunities Fund - Series 2, 1,00,566 equity shares (0.14% of equity share capital) were held by Axis Capital Builder Fund - Series 1, 29,195 equity shares (0.04% of equity share capital) were held by Axis Growth Opportunities Fund, 47,690 equity shares (0.07% of equity share capital) were held by Axis Retirement Savings Fund - Dynam ic Plan, 17,543 equity shares (0.03% of equity share capital) w ere held by Axis Retirement Savings Fund - Conservative Plan, 1,75,438 equity shares (0.25% of equity share capital) were held by Axis Retirement Savings Fund - Aggressive Plan, 180,601 equity shares (0.26% of equity share capital) were held by Axis ESG Equity Fund and 30,04,130 equity shares (4.29% of equity share capital) were held by Axis Long Term Equity Fund as on March 18, 2020. Therefore, the total equity shares held by the schemes of Axis Mutual Fund on March 18, 2020 w as 35,89,163 (34,94,163 + 95,000) equity shares (5.13% of equity share capital),

for Axis Asset Management Com pany Limited (Investment Manager to Axis Mutual Fund) Darshan Kapadia

Note:

Com pliance Officer

(*) 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.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.