Voltas Ltd. — Major Shareholding Notification 2022

Nov 2, 2022

Format for Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part-A- Details of the Acquisition

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Name of the Target Company (TC) Voltas Limited
Name(s) of the acquirer and Persons Acting in Concert T. Rowe Price Associates, Inc.
(PAC) with the acquirer T. Rowe Price International Ltd
Whether the acquirer belongs to Promoter/Promoter group No
Name(s) of the Stock Exchange(s) where the shares of TC
Bombay Stock Exchange Ltd.
are Listed
National Stock Exchange of India Ltd.
Number % w.r.t. total % w.r.t. total diluted
share/voting share/voting capital of
Details of the acquisition as follows capital the TC ()
wherever
applicable(*)
Before the acquisition under consideration, holding of
acquirer along with PACs of:
a) Shares carrying voting rights 27,600,572 8.341%
b) Shares in the nature of encumbrance (pledge/ lien/ NIL N/A
non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by equity shares NIL N/A
d) Warrants/convertible securities/any other instrument NIL N/A
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) 27,600,572 8.341%
e) Total (a+b+c+d)
Details of acquisition
a) Shares carrying voting rights acquired 124,093 0.038%
b) VRs acquired otherwise than by equity shares NIL N/A
c) Warrants/convertible securities/any other instrument NIL N/A
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
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category) acquired
NIL N/A
d) Shares in the nature of encumbrance (pledge/ lien/
non-disposal undertaking/ others)
124,093 0.038%
e) Total (a+b+c+/-d)
After the acquisition, holding of acquirer along with
PACs of:
a) Shares carrying voting rights 27,724,665 8.379%
b) VRs otherwise than by equity shares NIL N/A
c) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying NIL N/A
voting rights in the TC (specify holding in each
category) after acquisition
d) Shares in the nature of encumbrance (pledge/ lien/ NIL N/A
non-disposal undertaking/ others)
e) Total (a+b+c+d) 27,724,665 8.379%
Mode of acquisition (e.g. open market / public issue / rights
issue / preferential allotment / inter-se Open Market Purchase
transfer/encumbrance, etc.)
Salient features of the securities acquired including time till
N/A
redemption, ratio at which it can be converted into equity
shares, etc.
Date of acquisition of/ date of receipt of intimation of
allotment of shares / VR/ warrants/convertible securities/any 31 October 2022
other instrument that entitles the acquirer to receive shares
in the TC.
Equity share capital / total voting capital of the TC before
330,884,740 shares
the said acquisition
Equity share capital/ total voting capital of the TC after the
330,884,740 shares
said acquisition
Total diluted share/voting capital of the TC after the said
N.A.
acquisition
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Signature of the acquirer / Authorised Signatory

Place: Baltimore, Maryland, USA

Date: 01 November 2022

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Gary Greb, Vice President T. Rowe Price Associates, Inc.

Note:

(*) 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.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.