VST Industries Ltd. — Major Shareholding Notification 2020

Aug 14, 2020

DISCLOSURES UNDER REGULATION 29(2) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AMENDMENT NO. 1

Name of the Target Company (TC)	VST Industries Limited	VST Industries Limited	VST Industries Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Matthews India Fund (FPI #INUSFP252416 / PAN #AABTM6157F)
Whether the acquirer belongs to Promoter/ Promoter Group	No
Name(s) of the Stock Exchange(s) where the shares of the TC are Listed	Bombay Stock Exchange Limited / National Stock Exchange Limited
Details of 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 sale under consideration, holding of: (a) Shares carrying voting rights (b) Voting Rights (VR) 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 holding in each category) (d) Total (a+b+c)	475,925 equity shares (a) 0 (b) 0 (c) 475,925 (d)	3.08% of fully diluted equity share capital of VST Industries Limited (“Company”)	3.08% of fully diluted equity share capital of the Company
Details of sale (a) Shares carrying voting rights acquired/sold (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 holding in each category) acquired/sold (d) Total (a+b+c)	56,041 equity shares (a) 0 (b) 0 (c) 56,041 (d)	0.36% of fully diluted equity share capital of the Company	0.36% of fully diluted equity share capital of the Company
After the sale, holding of: (a) Shares carrying voting rights (b) VRs 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 holding in each category) after acquisition (d) Total (a+b+c)	419,884 equity shares (a) 0 (b) 0 (c) 419,884 (d)	2.72% of fully diluted equity share capital of the Company	2.72% of fully diluted equity share capital of the Company

Mode of sale (e.g. open market / off market / public issue / rights issue / preferential allotment / inter-se transfer etc).	Open Market
Salient features of the securities acquired including time till redemption, ratio at which it can be converted into equity shares,etc.	NIL, only equity shares have been sold.
Date of acquisition of/ date of receipt of intimation of allotment of shares/ VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC	Date of disposal: August 12, 2020
Equity share capital / total voting capital of the TC before the said acquisition / sale	Rs. 154.419 million constituting 15,441,920 equity shares of Rs. 10 each.
Equity share capital / total voting capital of the TC after the said acquisition / sale	Rs. 154.419 million constituting 15,441,920 equity shares of Rs. 10 each.
Total diluted share / voting capital of the TC after the said acquisition /sale	Rs. 154.419 million constituting 15,441,920 equity shares of Rs. 10 each.

(*) 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.

/s/ Gazala Khan Gazala Khan, Chief Compliance Officer Matthews India Fund Place: San Francisco, California USA

Date: August 13, 2020

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