Vardhman Textiles Limted — Major Shareholding Notification 2022

Mar 9, 2022

Dated: 9[th] March, 2022

The Deputy General Manager, Corporate Relationship Deptt, Bombay Stock Exchange Limited, 1st Floor, New Trading Ring, Rotunda Building, P.J Towers, Dalal Street, Fort, MUMBAI -400001.

SUB: REVISED DISCLOSURES UNDER REGULATION 29(2) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES & TAKEOVERS) REGULATIONS, 2011

Dear Sir,

This is to inform you that pursuant to the provisions of Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, we had submitted the requisite disclosure in the prescribed format regarding acquisition/sale of shares of Vardhman Textiles Limited on 8[th] March, 2022. But after submission of the said file, it came to our notice that in the disclosure submitted by us the mode of acquisition/ disposal was mentioned as ‘open market’, but the other mode of acquisition/ disposal, i.e. ‘gift’ was inadvertently missed out. Accordingly, we re-submitted the revised disclosure to you on 8[th] March, 2022 itself.

Now, as directed by you today, we have clarified herein before the changes made in the original disclosure. Further, as required, please find attached the revised disclosure under Regulation 29(2) as filed on 8[th] March, 2022.

You are requested to the take the same on record for further dissemination.

Thanking You, Yours faithfully, For and On Behalf of Acquirer/ Sellers

==> picture [57 x 22] intentionally omitted <==

S.P. Oswal

Dated: 8[th] March, 2022

The Deputy General Manager, The National Stock Exchange of India Ltd., Corporate Relationship Deptt, "Exchange Plaza", Bombay Stock Exchange Limited, Bandra-Kurla Complex, 1st Floor, New Trading Ring, Bandra (East), Rotunda Building, P.J Towers, MUMBAI -400051. Dalal Street, Fort, MUMBAI -400001.

SUB: DISCLOSURES UNDER REGULATION 29(2) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES & TAKEOVERS) REGULATIONS, 2011

Dear Sir,

In compliance with the provisions of Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, please find enclosed herewith the requisite disclosure in the prescribed format regarding acquisition/sale of shares of Vardhman Textiles Limited.

Thanking You,

Yours faithfully,

For and On Behalf of Acquirer/ Sellers

==> picture [57 x 21] intentionally omitted <==

S.P. Oswal

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

1. Name of the Target Company (TC)	Vardhman Textiles Limited	Vardhman Textiles Limited	Vardhman Textiles Limited
2. Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer.	1. S.P Oswal 2. Shakun Oswal 3. Sachit Jain 4. Suchita Jain 5. Soumya Jain 6. Sagrika Jain 7. Eastern Trading Company 8. Amber Syndicate 9. Northern Trading Company 10. Paras Syndicate 11. Devakar Investment and Trading Company Pvt Ltd. 12. Flamingo Finance and Investment Company Limited 13. Santon Finance and Investment Company Limited 14. Ramaniya Finance and Investment Company Limited 15. VTL Investments Ltd 16. Mahavir Spinning Mills Private Ltd. 17. Vardhman Holdings Limited 18. Adishwar Enterprises LLP
Whether the acquirer belongs to Promoter/Promoter group	Yes
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	1. BSE Limited 2. National Stock Exchange of		India Limited
Details of the acquisition / disposal as follows	NUMBER	% w.r.t Total Share / Voting Capital Wherever Applicable(*)	% w.r.t. total diluted share/voting capital of the TC (**)

Before the acquisition under consideration, holding of : a) Shares carrying voting rights b) Shares in the nature of encumbrance (pledge/ lien/non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category) e) Total (a+b+c+d)	3,57,14,855 - - - 3,57,14,855	61.91% - - - 61.91%	61.91% - - - 61.91%
Details of acquisition/sale a) Shares carrying voting rights acquired/sold Seller(s): Adishwar Enterprises LLP VTL Investments Limited Total shares sold Acquirer(s): Vardhman Holdings Limited Northern Trading Company Paras Syndicate Devakar Investment & Trading Co. Pvt. Ltd Soumya Jain Total shares acquired b) VRs acquired /sold otherwise than by shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify	(-)1,84,245 (-)41,124 2,25,369# 6,80,569 38,146 32,345 1,44,772 1,000 8,96,832 - -	0.32% 0.07% 0.39% 1.18% 0.06% 0.06% 0.25% 0.00% 1.55% - -	0.32% 0.07% 0.39% 1.18% 0.07% 0.06% 0.25% 0.00% 1.55% - -

holding in each category) acquired/sold. d) Shares encumbered / invoked/released by the acquirer e) Total (a+b+c+/-d)	- 6,71,463	- 1.16%	- 1.16%
After the acquisition/sale, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer 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)	3,63,86,318 - - - 3,63,86,318	63.07% - - - 63.07%	63.07% - - - 63.07%
Mode of acquisition / sale (e.g. open market / off- market / public issue / rights issue / preferential allotment / inter-se transfer etc).	Open market, Gift (1,000 shares of Ms. Soumya Jain were acquired by mode ofgift)
Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	18.01.2018 to 04.03.2022
Equity share capital / total voting capital of the TC before the said acquisition / sale	5,76,88,360
Equity share capital/ total voting capital of the TC after the said acquisition / sale	5,76,88,360
Total diluted share/voting capital of the TC after the said acquisition	5,76,88,360

In addition to 2,25,369 shares sold, Adishwar Enterprises LLP and VTL Investments Limited had also sold 9,10,022 shares (reflecting 1.59% change in shareholding, at that point of time) and 20,000 shares (reflecting 0.03% change in shareholding, at that point of time) respectively. The

declaration in respect of the said disposal was made to the Stock Exchanges vide disclosure dated 19[th] January, 2018. Now on aggregating the current sale of 2,25,369 shares and previous sale of 9,30,022 shares (i.e. 9,10,022+20,000), there has been a change of more than 2% in the shareholding of the Company.

Further, during the intervening period i.e. from 18.01.2018 to 04.03.2022, the Promoter and Promoter Group entities has also acquired few shares of the Company. The detail of the acquisitions made are also mentioned in the above table.

(*) 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.

For and On Behalf of Acquirer/ Sellers

==> picture [44 x 17] intentionally omitted <==

S.P. Oswal

Place: Ludhiana Date: 8[th] March, 2022