TANLA PLATFORMS LIMITED — Major Shareholding Notification 2020

Aug 18, 2020

Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers)

Regulations, 2011

PART A - Details of the Acquisition

Name of the Target Company (TC)	Tanla Solutions Limited
Name(s) of the Acquirer and PersonsActing in Concert (PAC) with theacquirer	Banyan Investments Limited ("Acquirer") 1
Whether the Acquirer and PAC belongsto Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) wherethe shares of TC are Listed	$\bullet$National Stock Exchange of India LimitedBSE Limited٠
Details of the acquisition / disposal asfollows	Number	% w.r.t. totalshare/votingcapitalwhereverapplicable (*)	% w.r.t.total dilutedshare/votingcapital ofthe TC $(**)$
Before the acquisition/disposal under consideration, holding of the Acquirer along with PACs of:
a)Shares carrying voting rights	21,999,824 sharescarryingvotingrights	15.98%	15.98% 2

<sup>1 Note: The Acquirer was issued and allotted 21,999,824 equity shares of the Target Company on April 10, 2019, constituting 15.98% equity share capital as of April 2019. The Target Company has made the necessary disclosures to the stock exchanges in this regard. Post the above allotment, the Acquirer has not acquired or sold any equity shares of the Target Company till the date of this filing, and continues to hold 21,999,824 equity shares. However, since the Target Company's share capital has expanded and contracted (because of certain corporate actions) between April 10, 2019 and the date of this filing, the Acquirer's shareholding as on the date of this filing has increased to 16.23%. Hence, this disclosure is being submitted as a matter of good practice, to disclose that the Acquirer's shareholding in the Target Company has increased from 15.98% to 16.23% due to increase in share capital of the Target Company.

<sup>2 Note: As on the date of allotment, i.e. April 10, 2019, the Target Company's share capital (on a fully diluted basis) consisted of 137,626,651equity shares.

b)	Sharesin
	thenatureofencumbrance(pledge/lien/non-disposal undertaking/others)	NIL	NIL	NIL
c)	Voting rights (VR) otherwise than byequity shares	NIL	NIL	NIL
d)	Warrants/convertiblesecurities/anyotherinstrumentthat entitles the acquirer to receiveshares carrying voting rights in theTC (specify holding in each category)	NIL	NIL	NIL
e)	Total (a+b+c+d)	21,999,824 sharescarryingvotingrights	15.98%	15.98%
	Details of acquisition/sale
a)	Sharescarryingvotingrightsacquired/sold	NIL	NIL	NIL
b)	VRs acquired /sold otherwise thanby shares	NIL	NIL	NIL
c)	Warrants/convertiblesecurities/anyotherinstrumentthat entitles the acquirer to receiveshares carrying voting rights in theTC (specify holding in each category)acquired/sold	NIL	NIL	NIL

$\mathcal{L}^{\mathcal{L}}$ . The $\mathcal{L}^{\mathcal{L}}$

d)	Sharesinthenatureofencumbrance (pledge/ lien/ non-disposal undertaking/others)	NIL	NIL	NIL
e)	Total (a+b+c+/-d)	NIL	NIL	NIL
	After the acquisition/sale, holding of Acquirer of along with PACs:
a)	Shares carrying voting rights	21,999,824sharescarryingvoting rights	16.23%	16.23% 3
b)	VRs otherwise than by equity shares	NIL	NIL	NIL
$\mathsf{C}$	Warrants/convertiblesecurities/any otherinstrumentthat entitles the acquirer to receiveshares carrying voting rights in theTC (specify holding in each category)after acquisition	NIL	NIL	NIL
d)	Sharestheinnatureofencumbrance (pledge/ lien/ non-disposal undertaking/ others)	NIL	NIL	NIL
e)	Total (a+b+c+d)	21,999,824sharescarryingvoting rights	16.23%	16.23%
	Mode of acquisition/sale (e.g. open	NIL. As mentioned in footnote 1, this filing is being made only
	market / off-market / public issue /	as a matter of good practice.

<sup>3 Note: As on the date of this filing, i.e. August 18, 2020, the Target Company's share capital (on a fully diluted basis) consists of 135,564,805 equity shares (subject to extinguishment of certain shares by the Target Company). Please refer the shareholding table of the following notice in this regard - https://www.bseindia.com/xml-data/corpfiling/AttachLive/89dfacca-9796-42dc-80f9-8b36cc012cd8.pdf.

rights issue /preferential allotment /
inter-se transfer/ encumbrance etc.)
Salientfeatures of thesecurities	Equity shares
acquired including time till redemption,
ratio at which it can be converted into
equity shares, etc.
Date of acquisition	NIL. As mentioned in footnote 1, this filing is being made only
	as a matter of good practice.
Equity share capital / total voting capital	137,626,651 equity shares as of April 10, 2019, of face value
oftheTCbeforethesaid	Rs. 1 each.
acquisition/sale
Equity share capital/ total voting capital	135,564,805 equity shares as of August 18, 2020, of face value
of the TC after the said acquisition/sale	Rs. 1 each.
Total diluted share/voting capital of the	135,564,805 equity shares as of August 18, 2020, of face value
TC after the said acquisition/sale	Rs. 1 each.

$\omega_{\rm c} = 1$

$\bar{a}$