Tivoli Construction Ltd. — Major Shareholding Notification 2020

Feb 12, 2020

SHOBHARAJPAL
41A,MakerTower,CuffeParade,Colaba,Mumbai400005

11[th] February, 2020

To, The Board of Directors of Tivoli Construction Limited Raheja Chambers, I i[h] Floor, Nariman Point, Mumbai - 400021 Scrip Code: 511096

ASE Limited

Corporate Relations Department Ist Floor, New Trading Ring, Rotunga Building, P. J. Tower, Mumbai -400 001

Dear Sir,

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

From among the Promoter Group of Tivoli Construction Limited (Tivoli), two shareholders collectively own 66.67% of the shareholding of a company Brindaban Builders Pvt. Ltd. ("Brindaban") i.e. a majority ownership, which in turn entitles them to direct the exercise of the 2.26% entitlement of voting rights held by Brindaban in Tivoli. The Shareholders of Brindaban have sold their shares in Brindaban thereby resulting in an indirect disposal of 2.26% voting rights of the Target Company. Hence please find enclosed herewith disclosure as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 20 II.

Kindly take the same on record and acknowledge the receipt.

Thanking you,

Yours faithfully,

SHOBHA RA.JPAL

Encl: As above

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

Name ?f the Target C.ompany (TC)

Tivali Canstructian Limited

Sellers:

Name(s) af the acquirer and Persans Acting in Cancert (PAC)If"ith the acquirer

1. Shabha Rajpal

2. Deepak Raheja

. Sellers are members af the Promater Graup/ relatives "Nh~ther the acqUJrer belangs to. Promater/Promater graup I f b f h P r' _ _ • I 0._ mem ers a t _e....r:0ITl_ate':..urou£. _ Name(s) af the Stack Exchange(s) where the shares afTC Bambay Stock Exchange

Name(s) af the Stack Exchange(s) where the shares afTC Bambay Stock Exchange are Listed --- .- ------T--- ----Number % W.r.t. t0tal % W.r.t. tatal share/vating diluted Details af the acquisitian / dispasal as fallaws I "'pital wherever share/vating applicable(*) capital af the TC --te~----Befare the acquisition under consideration, holding of : I a) Shares carrying vating rights 363,930 72.79% 1 72.79% b) Shares in the nature af encumbrance (pledge/ I lien/ nan.dispasal undertaking/ athers) c) Vating rights (VR) atherwise than by shares d) Warrants/convertible securities/any ather instrument that entitles the acquirer to. receive shares carrying vating rights in the TC (specify halding in each categary) I I e) Tatal (a+b+c+d) , 363,930 72.79% ,72.79% -1--Details of aeElllisitioR/sale a) Shares carrying vating rights acquired/said b) VRs acquired/said atherwise than by shares '11,3002.26% :2.26% c) Warrants/convertible securities/any ather I instrument that entitles the acquirer to. receive I shares carrying vating rights in the TC (specify halding in each categary) acquired/said d) Shares encumbered / invaked/ released by the acquirer e) Tatal (a+b+c+/.d) 11,300 NIL NIL

Details of aeElllisitioR/sale

After the aEllllisitieA/ sale, holding of:

• a) Shares carrying voting rights

• b) Shares encumbered with the acquirer

• 352,630 70.53% 70.53%

• 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

• e) Total (a+b+c+d)

Mode of acquisition/ sale (e.g. open market/ off-market/ public issue/ rights issue/ preferential allotment/ inter-se transfer etc).

, 352,630 70.53% 170•53 % ___ L.__ . _ From among the Promoter Group, two shareholders collectively own 66.67% of the shareholding of a company Brindaban Builders Pvt. Ltd. ("Brindaban") Le. a majority ownership, which in turn entitles them to direct the exercise of the 2.26% entitlement of voting rights held by Brindaban in the Target Company. The Shareholders of Brindaban have sold their shares in Brindaban thereby resulting in an indirect disposal of 2.26% voting rights of the Target Company. Hence this disclosure.

Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable

10[th] February, 2020

Equity share capital/total voting capital of the TC before the said acquisition / sale

5,00,000 equity share of face value Rs. 10 each

Equity share capital/ total voting capital of the TC after the 5,00,000 equity share of face value Rs. 10 each said acquisition / sale

Total diluted share/voting capital of the TC after the said 5,00,000 equity share of face value Rs. 10 each acquisition

• (*) 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.

V/

Shobha Rajpal

Deepak Raheja

Place: Mumbai

Date: 10 FEB 2020