Vipul Limited — Major Shareholding Notification 2021

Feb 11, 2021

PUNIT BERIWALA 15/10 SARVPRIYA VIHAR NEW DELHI-110017

10.02.2021

The Secretary BSE Limited

Corporate Relationship Department, 1[st] Floor, New trading Ring, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai-400001

The Manager (Listing) National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (E), Mumbai-400051

Vipul Limited

Unit No. 201, C-50, Malviya Nagar, New Delhi-110017

Dear Sir,

Sub: Disclosure under Regulation 31 (1) and 31(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011

Please find enclosed herewith disclosures in terms of the Regulation 31 (1) & 31 (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as per the prescribed format.

You are requested to take note of the above disclosure.

Thanking You,

PUNIT Digitally signed by PUNIT BERIWALA BERIWALA Date: 2021.02.11 13:59:32 +05'30'

(Punit Beriwala)

Promoter-Vipul Limited

Encl: as stated above

Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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NAME OF THE TARGET COMPANY (TC) VIPUL LIMITED
NAME OF THE STOCK EXCHANGES WHERE THE SHARES OF THE TARGET COMPANY BSE Limited
ARE LISTED National Stock Exchange of India Ltd
DATE OF REPORTING 10.02.2021
NAME OF THE PROMOTER (s) OR PAC ON WHOSE SHARES ENCUMBRANCE HAS BEEN CREATED / RELEASED/ INVOKED PUNIT BERIWALA
DETAILS OF CREATION OF ENCUMBRANCE
NAME OF THE PROMOTER PROMOTER HOLDING IN PROMOTER HOLDING DETAILS OF EVENTS PERTAINING TO ENCUMBRANCE (3) POST EVENT HOLDING OF
(S) OR PACs WITH HIM THE TARGET COMPANY (1) ALREADY ENCUMBERED (2) ENCUMBERED SHARES
(CREATION
{(2)+(3)}/RELEASE {(2)-
(3)}/INVOCATION {(1)-(3)}
NUMBER % OF TOTAL NUMBER % OF TOTAL TYPE OF EVENT- DATE OF CREATION / TYPE OF REASON FOR ENCUMBERANCE NO OF % OF TOTAL NAME OF THE NUMBER %OF TOTAL
SHARE SHARE CREATION / INVOCATION/ ENCUMBRANCE SHARES SHARE ENTITY IN SHARE
CAPITAL CAPITAL RELEASE/ RELEASE/INVOCATIO (PLEDGE/LIEN/NON CAPITAL WHOSE CAPITAL
INVOCATION N OF ENCUMBRANCE DISPOSAL FAVOUR
UNDERTAKING SHARES
/OTHERS) ENCUMBERED
PUNIT BERIWALA (HUF) 7838000 6.53 - - - - - - - - - -
THROUGH KARTA MR
PUNIT BERIWALA
SUNITA BERIWALA JT 15791000 13.16 12900000 10.75 - - - - - - - - -
PUNIT BERIWALA
PUNIT BERIWALA 39542183 32.96 37300000 31.09 PLEDGE OF SHARES 08.02.2021 PLEDGE OF SHARES FOR THE PURPOSE OF 2,000,000 1.67 YADUKA 39,300,000 32.76
COLLATERAL FOR LOANS FINANCIAL
TAKEN BY THE COMPANY SERVICES LTD
PUNIT BERIWALA JT VIPUL 4110000 3.43 - - - - - - - - - - -
BERIWALA
SHYAM SUNDER PUNIT 8827534 7.36 - - - - - - - - - -
KUMAR (HUF) THROUGH
ITS KARTA MR SHYAM
SUNDER BERIWALA
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Signature Place : Gurgaon

Date : 10.02.2021

PUNIT Digitally signed by PUNIT BERIWA BERIWALA Date: LA 2021.02.11 13:59:49 +05'30'

Annexure - II

Format for disclosure of reasons for encumbrance

(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)

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Name of listed company Vipul Limited
1. BSE Limited
Name of the recognised stock exchanges where the shares of the company are listed
2. National Stock Exchange of India Ltd
Name of the promoter(s) / PACs whose shares have been encumbered Mr. Punit Beriwala
Mr. Punit Beriwala
Total promoter shareholding in the listed company No. of Shares –39542183
% of total share capital -32.96
Encumbered shares as a % of promoter shareholding 99.38
Whether encumbered share is 50% or more of promoter shareholding Yes
Whether encumbered share is 20% or more of total share capital Yes
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Details of all the existing events/ agreements pertaining to encumbrance

		Encumbrance 1: 28.08.2015	Encumbrance 2: 08.02.2021
Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any other covenant, transaction, condition or arrangement in the nature of encumbrance)		Pledge	Pledge
No. and % of shares encumbered		No. of shares: 450000 % of total share capital: 0.38	No. of shares: 2000000 % of total share capital: 1.67
Specific details about the encumbrance	Name of the entity in whose favour shares encumbered(X)	Yaduka Financial Services Ltd	Yaduka Financial Services Ltd
	Whether the entity X is a scheduled commercial bank, public financial institution, NBFC or housing finance company? If No, provide the nature of the business of the entity.	Yes	YES
	Names of all other entities in the agreement	Listed company and its group companies (if any) – 1. Vipul Limited 2. Its Group Companies (If any) - NA Other entities (if any) – NA	Listed company and its group companies (if any) – 1. Vipul Limited 2. Its Group Companies (If any) - NA Other entities (if any) – NA

	Whether the encumbrance is relating to any debt instruments viz. debenture, commercial paper, certificate of deposit etc.? If yes, provide details about the instrument, including credit rating	~~YES~~/ NO	~~YES~~/ NO
	Value of shares on the date of event/agreement(A)	Rs. 1,90,57,500/-	Rs. 3,88,00,000/-
Security Cover / Asset Cover	Amount involved (against which shares have been encumbered) (B)	Rs. 2,00,00,000/-	Rs. 2,00,00,000/-
	Ratio of A/B	0.95	1.94
End use of money		For the Benefit of listed company i.e. for working Capital Gap Requirement as additional security (2 Crores Amount is issued for working capital thereof for the schedule and repayment is continue/ongoing) Outstanding as on reporting date: Rs. 2.00 Crores	Outstanding as on reporting date: Rs. 2.00 Crores

Signature of Authorised Signatory:

PUNIT Digitally signed by PUNIT BERIWALA BERIWALA Date: 2021.02.11 14:00:01 +05'30'

(Punit Beriwala) Managing Director & CEO

Place: Gurgaon Date: 10.02.2021