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Walchandnagar Industries Ltd — Major Shareholding Notification 2022
Oct 28, 2022
62043_rns_2022-10-28_a7867016-ddfc-4bb6-893d-92a804fb788c.pdf
Major Shareholding Notification
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Date: October 27, 2022
Walchandnagar Industries Ltd. 3, Walchand Terraces, Tardeo Road, Mumbai – 400 034
National Stock Exchange of India Ltd Corporate Action Department Exchange Plaza, 5[th] floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Fax :26598237/38, 66418126/25/24 Scrip Code : WALCHANNAG
BSE Ltd., Corporate Relations Department 1[st] floor, New Trading Ring, Rotunda Bldg P.J. Tower, Mumbai 400 001 Fax:: 22723121/2039/2037
Scrip Code : 507410
Sub : Disclosure under Regulation 29 (1) & 29 (2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Dear Sirs,
I on my behalf and on behalf of all other Promoters and Promoter Group together with Persons Acting in Concert (PAC), am enclosing the details of shareholding as on October 21, 2022, as required under Regulation 29 (1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 in the prescribed format.
Kindly acknowledge the receipt of the same and take on your record.
Thanking you,
Yours faithfully,
For and on behalf of the Promoter(s) and Promoter Group of Walchandnagar Industries Ltd.
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Chirag C. Doshi Promoter Group
Encl.: As above
October 27, 2022
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To,
The Department of Corporate The Listing Compliance G S Agrawal
Services, Department, Whole Time Director &
BSE Limited National Stock Exchange of Company Secretary
14 [th] Floor, BSE Limited, India Limited Walchandnagar Industries
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Limited 3 Walchand Terraces
Dalal Street, Mumbai - 400 001 Block, Bandra-Kurla Complex Tardeo Road, Mumbai,
Bandra (E) Mumbai - 400 051. Maharashtra, 400034
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DISCLOSURE UNDER REGULATION 29(1) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011
Part-A- Details of the Acquisition
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1. Name of the Target Company (TC) Walchandnagar Industries Limited
(‘Target Company’)
2. Name(s) of the acquirer and Persons Acting in
Concert (PAC) with the acquirer Name No. of
Shares
Walchand Kamdhenu Commercials 5,345,554
Pvt. Ltd.
Walchand Great Achievers Pvt. Ltd. 347,961
Rodin Holdings Inc 3,000,000
Olsson Holdings Inc. 2,000,000
Smt. Lalitabai Lalchand Charity Trust 379,210
Walchand Chiranika Trading Pvt. Ltd. 342,090
Chakor L. Doshi 0
Chirag C. Doshi 0
Champa C. Doshi 0
Walchand Charitable Trust 7,200
Chakor L. Doshi HUF 6,680
Total 11,428,695
3. Whether the acquirer belongs to Yes
Promoter/Promoter group
4. Name(s) of the Stock Exchange(s) where the 1. BSE Limited (BSE)
shares of TC are Listed 2. National Stock Exchange of India Limited (NSE)
5. Details of the acquisition as follows Number % w.r.t. total % w.r.t.
share/voting total diluted
capital share/voting
wherever capital of
applicable () the TC ()
Before the acquisition under consideration,
holding of acquirer along with PACs of:
a) Shares carrying voting rights 11,428,695 30.02% 30.02%
----- ------ ------
b) Shares in the nature of encumbrance (pledge/
lien/non-disposal undertaking/ others)
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----- ----- -----
c) Voting rights (VR) otherwise than by equity
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)
e) Total (a+b+c+d) 11,428,695 30.02% 30.02%
Details of acquisition
a) Shares carrying voting rights acquired equity
Sr. Name Shares
1 Chakor L. Doshi 60,800
2 Chirag C. Doshi 17,290
3 Champa C. Doshi 12,750
4 Walchand Great 45,09,160
Achievers Pvt. Ltd.
46,00,000 #10.03% #10.03%
Total 46,00,000
b) VRs acquired otherwise than by equity 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
d) Shares in the nature of encumbrance (pledge/ ----- ----- -----
lien/non-disposal undertaking/ others)
e) Total (a+b+c+d) 46,00,000 #10.03% #10.03%
After the acquisition, holding of acquirer along
with PACs of:
a) Shares carrying voting rights 16,028,695 #34.94% #34.94%
----- ----- -----
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) Shares in the nature of encumbrance (pledge/
lien/non-disposal undertaking/ others)
e) Total (a+b+c+d) 16,028,695 #34.94% #34.94%
Mode of acquisition (e.g. open market / public Preferential allotment of equity shares
issue / rights issue / preferential allotment / inter-se
transfer/ encumbrance, etc.)
Salient features of the securities acquired including Rank Pari-Passu with existing equity share of the
time till redemption, ratio at which it can be Company.
converted into equity shares, etc.
Date of acquisition of/ date of receipt of intimation Date of receipt of intimation of allotment of shares:
of allotment of shares / VR/ warrants/convertible October 21, 2022.
securities/any other instrument that entitles the
acquirer to receive shares in the TC.
Equity share capital / total voting capital of the TC 3,80,70,205 Equity Shares (As per the Shareholding
before the said acquisition pattern available on BSE/NSE website for the quarter
ended September 2022)
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| Equity share capital/ total voting capital of the TC after the said acquisition |
4,58,80,205 Equity Shares |
|---|---|
| Total diluted share/voting capital of the TC after the said acquisition |
4,58,80,205 Equity Shares |
The percentage is calculated on the enhanced paid us equity share capital of the target company pursuant to the preferential allotment of 46,00,000 equity shares to promoter/Promoter group and 32,10,000 equity shares to non-promoter Assets Care & Reconstruction Enterprise Ltd (acting in its capacity as trustee of ACRE-120-Trust) on October 21, 2022.
Part –B***
Name of the Target Company: Walchandnagar Industries Limited
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirement) Regulation, 2015.
(**) Diluted share/voting capital means the total number of shares in the Target Company assuming full conversion of the outstanding convertible securities/warrants into equity shares of the Target Company.
(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.
For and on behalf of the Promoter(s) and Promoter Group of Walchandnagar Industries Limited
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Chirag C. Doshi Promoter Group
Place: Mumbai Date: October 27, 2022
October 27, 2022
To,
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The Department of Corporate The Listing Compliance G S Agrawal
Services, Department, Whole Time Director &
BSE Limited National Stock Exchange of Company Secretary
14 [th] Floor, BSE Limited, India Limited Walchandnagar Industries
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, Limited 3 Walchand Terraces
Dalal Street, Mumbai - 400 G Block, Bandra-Kurla Tardeo Road, Mumbai,
001 Complex Maharashtra, 400034
Bandra (E) Mumbai - 400 051.
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DISCLOSURE UNDER REGULATION 29(2) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011
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1. Name of the Target Company (TC) Walchandnagar Industries Limited
(‘Target Company’)
2. Name(s) of the acquirer and Persons
Acting in Concert (PAC) with the Name No. of
acquirer Shares
Walchand Kamdhenu 5,345,554
Commercials Pvt. Ltd.
Walchand Great Achievers Pvt. 347,961
Ltd.
Rodin Holdings Inc 3,000,000
Olsson Holdings Inc. 2,000,000
Smt. Lalitabai Lalchand Charity 379,210
Trust
Walchand Chiranika Trading Pvt. 342,090
Ltd.
Chakor L. Doshi 0
Chirag C. Doshi 0
Champa C. Doshi 0
Walchand Charitable Trust 7,200
Chakor L. Doshi HUF 6,680
Total 11,428,695
3. Whether the acquirer belongs to Yes
Promoter/Promoter group
4. Name(s) of the Stock Exchange(s) 1. BSE Limited (BSE)
where the shares of TC are Listed 2. National Stock Exchange of India Limited
(NSE)
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5. Details of the acquisition / disposal as Number % w.r.t. total % w.r.t.
follows share/voting total diluted
capital share/voting
wherever capital of
applicable the TC ()
(*)
Before the acquisition under consideration,
holding of :
a) Shares carrying voting rights 11,428,695 30.02% 30.02%
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 right.
e) Total (a+b+c+d) 11,428,695 30.02% 30.02%
Details of acquisition
a) Shares carrying voting rights acquired
equity
Sr. Name Shares
1 Chakor L. Doshi 60,800
2 Chirag C. Doshi 17,290
3 Champa C. Doshi 12,750
4 Walchand Great 45,09,160
Achievers Pvt. Ltd.
46,00,000 #10.03% #10.03%
Total 46,00,000
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) Shares encumbered / invoked/released by ----- ----- -----
the acquirer
e) Total (a+b+c+d) 46,00,000 #10.03% #10.03%
After the acquisition/sale, holding of:
a) Shares carrying voting rights 16,028,695 #34.94% #34.94%
----- ----- -----
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 ----- ----- -----
e) Total (a+b+c+d) 16,028,695 #34.94% #34.94%
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Mode of acquisition (e.g. open market / public Preferential allotment of equity shares
issue / rights issue / preferential allotment /
inter-se transfer/ encumbrance, etc.)
Date of acquisition / sale of shares / VR or date Date of receipt of intimation of allotment of
of receipt of intimation of allotment of shares, shares: October 21, 2022.
whichever is applicable
Equity share capital / total voting capital of the 3,80,70,205 Equity Shares
TC before the said acquisition (As per the Shareholding pattern available on
BSE/NSE website for the quarter ended September
2022)
Equity share capital/ total voting capital of the 4,58,80,205 Equity Shares
TC after the said acquisition
Total diluted share/voting capital of the TC 4,58,80,205 Equity Shares
after the said acquisition
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The percentage is calculated on the enhanced paid us equity share capital of the target company pursuant to the preferential allotment of 46,00,000 equity shares to promoter/Promoter group and 32,10,000 equity shares to non-promoter Assets Care & Reconstruction Enterprise Ltd (acting in its capacity as trustee of ACRE-120-Trust) on October 21, 2022.
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirement) Regulation, 2015.
(**) Diluted share/voting capital means the total number of shares in the Target Company assuming full conversion of the outstanding convertible securities/warrants into equity shares of the Target Company.
For and on behalf of the Promoter(s) and Promoter Group of Walchandnagar Industries Limited
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Chirag C. Doshi Promoter Group
Place: Mumbai Date: October 27, 2022