TARC LIMITED — Major Shareholding Notification 2020

Dec 18, 2020

December 18, 2020

To. The Manager, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra East, Mumbai - 400051

To. The Manager BSE Limited P. J. Towers. Dalal Street Mumbai - 400001

Subject: Intimation under Regulation 10(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('SEBI (SAST) Regulations, 2011')

Dear Sir/Madam.

I, the undersigned, Anil Sarin (hereinafter referred to as 'Acquirer') along with Arvinda Gandhi, Chanda Sachdev, Dhruv Bhasin, Pankai Nakra, Nutan Nakra and Raghunath Rai Gandhi, Amit Sarin, Aman Sarin, Ashim Sarin, Amar Sarin, , Roma Sarin, Sharda Sarin, Saloni Sarin, Sunaini Sarin, Heera Lal Bhasin, Ashok Sarin HUF, Anil Sarin HUF and Raj Kumari HUF (hereinafter collectively referred to as 'PACs'), am submitting the requisite intimation under Regulation 10(5) of the SEBI (SAST) Regulations, 2011 in respect of the proposed acquisition of 9,49,91,465 (Nine Crore Forty Nine Lakh Ninety One Thousand Four Hundred Sixty Five) Equity Shares representing 32.19% of the paid-up share capital of Anant Raj Global Limited ('Target Company') (by way of gift), from Ashok Sarin (hereinafter referred to as 'Transferor'), an existing promoter of the Target Company.

The Acquirer and Transferor are qualifying persons in terms of the provisions of Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011 and hence an intimation under Regulation 10(5) of SEBI (SAST) Regulations, 2011 for the proposed acquisition of shares is being submitted herewith.

Kindly note the above information for the purpose of your records.

For and on behalf of Acquirer along with PACs

barrill Anil Sarin

Promoter of Anant Raj Global Limited

(hereinafter collectively referred to as 'PACs')(hereinafter referred to as 'Acquirer')ANANT RAJ GLOBAL LIMITEDRaghunath Rai GandhiRoma SarinChanda SachdevHeera Lal BhasinAshok Sarin HUFRaj Kumari HUFArvinda GandhiAnil Sarin HUFPankaj NakraDhruv BhasinSunaini SarinSharda SarinNutan NakraSaloni SarinAshim SarinAman SarinAmar SarinAmit SarinAnil Sarin
	Name of the Target Company (TC)	Name of the acquirer(s)

Disclosure under Regulation 10(5) – Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of

က	Whether the acquirer(s) is/ are promoters of		Yes, The acquirer is Promoter of Target Company.
	the TC prior to the transaction. If not, nature
	of relationship or association with the TC or
	its promoters
4	Details of the proposed acquisition
	Name of the person(s) from whom$\vec{\sigma}$	Ashok Sarin
	shares are to be acquired
		(hereinafter referred to as 'Transferor')
	b. Proposed date of acquisition	On or after December 28, 2020
	c. Number of shares to be acquired fromeach person mentioned in 4(a) above	Acquirer	Transferor	No. of shares	$%$ age
		Anil Sarin	Ashok Sarin	9,49,91,465	32.19
	Total shares to be acquired as % ofshare capital of TCಕ			9,49,91,465 (Nine Crore Forty Nine Lakh Ninety One Thousand Four Hundred Sixty Five)
		Anant Raj Global Limited		Equity Shares representing 32.19% of the paid-up share capital of the Target Company,
	e. Price at which shares are proposed to beacquired		Not applicable, since this is a gift amongst immediate relatives
	Rationale, if any, for the proposedtransfer.س	Internal reorganization of promoterChandigarh.		Arrangement sanction by the Hon'ble National Company Law Tribunal, Chandigarh Bench,per the Composite8gshareholding	ðScheme
ξÓ.	under which the acquirer is exempted fromRelevant sub-clause of regulation 10(1)(a)			Sub-clause (i) of clause (a) of sub-regulation (1) of Regulation 10 of the Securities andExchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,
	making open offer	2011

$\mathcal{I}$

$\circ$	weightedvolumetraded,frequently۱Ŧ.	Not applicable
	average market price for a period of 60 trading
	days preceding the date of issuance of this
	notice as traded on the stock exchange where
	the maximum volume of trading in the shares of
	the TC are recorded during such period.
	aspricethetraded,in-frequently$\equiv$
	determined in terms of clause (e) of sub-	Not applicable
	regulation (2) of regulation 8.
$\infty$	thethatacquirer,theδyDeclaration	Not applicable, as the acquisition is by way of gift.
	acquisition price would not be higher by more
	than 25% of the price computed in point 6 or
	point 7 as applicable.
$\overline{O}$	thethatacquirer,the$\overline{\mathsf{S}}$Declaration	The acquirer hereby declares that the transferor and acquirer/transferee have complied / will
	transferor and transferee have complied	comply with applicable disclosure requirements in Chapter V of the Securities and Exchange
	disclosurecomply with applicable$\overline{\mathsf{w}}$	Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
	requirements in Chapter V of the Takeover
	Regulations, 2011 (corresponding provisions
	of the repealed Takeover Regulations 1997)
$\overline{O}$	the$\frac{1}{\overline{6}}$acquirer thatthe$\overline{\mathsf{S}}$Declaration	The acquirer hereby declares that all the conditions as specified in Regulation 10(1)(a) of
	conditions specified under regulation 10(1)(a)	andSecurities and Exchange Board of India (Substantial Acquisition of Sharesthe
	exemptions has been dulywith respect to	Takeovers) Regulations, 2011 with respect to exemptions have been duly complied with
	complied with

$\pm$	Shareholding details		Before the proposed transaction	After the proposed transaction
		sharesightsvoting ri$\overline{\sigma}$$\frac{1}{2}$	% w.r.t total sharecapital of TC	$\overline{\phantom{0}}$sharesvoting rightsðoZ	% w.r.t total sharecapital of TC
	Acquirer
	Anil Sarin	9,38,01,126	31.79	18,87,92,591	63.98
	PACs
	Arvinda Gandhi	3,000	0.00	3,000	0.00
	Chanda Sachdev	25, 18, 500	0.85	25, 18, 500	0.85
	Dhruv Bhasin	1,40,615	0.05	1,40,615	0.05
	Pankaj Nakra	87,880	0.03	87,880	0.03
	Nutan Nakra	77,000	0.03	77,000	0.03
	Raghunath Rai Gandhi	3,500	0.00	3,500	0.00
	Sharda Sarin*	$\circ$	0.00	$\circ$	0.00
	Roma Sarin*	0	0.00	0	0.00
	Amar Sarin*	0	0.00		0.00
	Amit Sarin*	O	0.00		0.00
	Aman Sarin*	o	0.00	O	0.00
	Ashim Sarin*	0	0.00		0.00
	Saloni Sarin*	0	0.00	o	0.00
	Sunaini Sarin*	0	0.00	0	0.00
	Heera Lal Bhasin*	0	0.00	0	0.00
	Anil Sarin HUF*	0	0.00	$\circ$	0.00
	Ashok Sarin HUF*	0	0.00	0	0.00
	Raj Kumari HUF*	$\circ$	0.00	$\circ$	0.00

$\alpha$

TOTAL	9,66,31,621	32.75	19, 16, 23, 086	64.94
ransteror
Ashok Sarin	9,49,91,465	32.19	C	0.00

(*) These are the members of Promoter & Promoter Group and having nil shareholding.

For and on behalf of

Acquirer alopgwith PACs

Tawe fn

Promoter of Anant Raj Global Limited Anil Sarin

Date: December 18, 2020 Place: New Delhi