V-Guard Industries Ltd. — Major Shareholding Notification 2021

Jan 18, 2021

Priya Sarah Cheeran Joseph Person Acting in Concert V-Guard Industries Limited

January 18, 2021

The Manager, Listing Department, BSE Limited, Phiroze Jeejabhoy Towers, Dalal street, Mumbai-400001	The Manager Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5thFloor, Plot No.C/1, G Block,Bandra Kurla Complex,Bandra East, Mumbai-400051
Scrip Code: 532953	SYMBOL: VGUARD

Sub: Prior Intimation under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for acquisition of shares from immediate relative - reg.

Dear Madam / Sir,

I, Priya Sarah Cheeran Joseph, Shareholder and Person Acting in Concert of V-Guard Industries Ltd. (the Company), hereby submit, prior intimation under Regulation 10(5) of SEBI (SAST) Regulations, 2011, with regard to the proposed acquisition of shares of the Company, as inter-se transfer, from immediate relative, as per Regulation l0(l)(a)(i) of SEBI (SAST) Regulations, 2011.

You are requested to take the intimation on the record and disseminate the same on the website of the stock exchange.

Thanking You,

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Priya Sarah Cheeran Joseph

Person Acting in Concert

Encl: As stated above

Cc:

The Company Secretary & Compliance Officer V-Guard Industries Limited 42/962, Vennala High School Road Vennala, Ernakulam - 682028

Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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1. Name of the Target Company (TC) V-Guard Industries Limited
2. Name of the acquirer(s) Priya Sarah Cheeran Joseph
3. Whether the acquirer(s) is/ are promoters of the No. The Acquirer is a Person Acting in Concert
TC prior to the transaction. (PAC)
If not, nature of relationship or association with The Acquirer is an Immediate Relative (Spouse) of
the TC or its Promoters one of the members of the Promoter Group.
4. Details of the proposed acquisition
a. Name of the person(s) from whom shares Mr. Arun K Chittilappilly
are to be acquired
b. Proposed date of acquisition On or after 22.01.2021
c. Number of shares to be acquired from 1,85,25,250
each person mentioned in 4(a) above
d. Total shares to be acquired as % of share 4.31%
capital of TC
e. Price at which shares are proposed to be Nil. Acquisition of shares is by way of gift and
acquired hence no consideration involved.
f. Rationale, if any, for the proposed transfer The acquisition is part of family settlement from my
spouse and will be effected through off market.
5. Relevant sub-clause of regulation 10(1)(a) Regulation 10(1)(a)(i) of SEBI (SAST) Regulations,
under which the acquirer is exempted from 2011
making open offer
6. If, frequently traded, volume weighted average Rs. 185.28
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.
7. If in-frequently traded, the price as determined NA
in terms of clause (e) of sub-regulation (2) of
regulation 8.
8. Declaration by the acquirer, that the acquisition NA
price would not be higher by more than 25% of
the price computed in point 6 or point 7 as
applicable.
9. Declaration by the acquirer, that the transferor Applicable disclosures will be complied with for the
and transferee have complied / will comply proposed acquisition of shares.
with applicable disclosure requirements in
Chapter V of the Takeover Regulations, 2011.
(corresponding provisions of the repealed
Takeover Regulations 1997)
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10. Declaration by the acquirer that all the conditions specified under regulation 10(1)(a) with respect to exemptions has been duly complied with. The acquirer confirms that all the conditions specified under Regulation 10(1)(a)(i) with respect to exemptions has been duly complied with.	10. Declaration by the acquirer that all the conditions specified under regulation 10(1)(a) with respect to exemptions has been duly complied with. The acquirer confirms that all the conditions specified under Regulation 10(1)(a)(i) with respect to exemptions has been duly complied with.
11. Shareholding details Before the proposed transaction	After the proposed transaction
No. of shares / voting rights % w.r.t total share capital of TC No. of shares / voting rights % w.r.t total share capital of TC
a) Acquirer(s) and PAC(s) [other than seller(s)] - Ms. Priya Sarah Cheeran Joseph b) Seller(s) - Mr. Arun K Chittilappilly 34,37,579 5,63,03,078 0.80% 13.11% 2,19,62,829 3,77,77,828 5.11% 8.80%
Priya Sarah Cheeran Joseph Person acting in Concert Date: 18.01.2021 Place: Singapore Copy to: The Company Secretary & Compliance Officer V-Guard Industries Limited 42/962, Vennala High School Road Vennala, Kochi - 682028