Walchandnagar Industries Ltd — Major Shareholding Notification 2022

Oct 28, 2022

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Date: 27[th] October, 2022

National Stock Exchange of India Ltd. Corporate Action Department Exchange Plaza, 5th floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai 400 051. Fax:26598237/38,66418126/25/24

BSE Limited Corporate Relations Department 1st floor, New Trading Ring, Rotunda Bldg P.J. Tower, Mumbai 400 001. Fax: 22723121/2039/2037

Company Secretary Walchandnagar Industries Limited 3, Walchand Terraces Tardeo Road, Mumbai, Maharashtra, 400034

Dear Sir / Madam

Re: Disclosure under Regulation 29 (1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011

Please find below disclosure under Regulation 29 (1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in relation to allotment of 32,10,000 equity shares of Walchandnagar Industries Limited to Asset Care and Reconstruction Enterprise Limited ( in its capacity as a trustee of ACRE – 120- Trust) on 21[st] October, 2022.

Kindly take the above on record. Yours sincerely

For Asset Care and Reconstruction Enterprise Limited

( in its capacity as a trustee of ACRE – 120- Trust)

Authorized Signatory Vipul Gupta Manager

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ASSETS CARE & RECONSTRUCTION ENTERPRISE LTD.

Registered & Corporate Office : 2nd Floor, Mohan Dev Building, 13, Tolstoy Marg, New Delhi-110001 Tel : 91-11-43115600 Fax : 91-11-43115618 Branch Office : Unit No. : 502, C Wing, One BKC, Radius Developers, Plot No. : C-66, G-Block, Bandra Kurla Complex, Mumbai – 400051 Tel.: 022 68643101

E-mail : acre.arc@acreindia.in Website : www.acreindia.in CIN : U65993DL2002PLC115769

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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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Name of the Target Company (TC) Walchandnagar Industries Limited
Name(s) of the acquirer and Persons Acting in Asset Care and Reconstruction Enterprise Limited,
Concert (PAC) with the acquirer acting in its capacity as trustee of the ACRE – 120-
Trust
Whether the acquirer belongs to No.
Promoter / Promoter group
Name(s) of the Stock Exchange(s) where National Stock Exchange of India Limited
the shares of TC are Listed
BSE Limited
Details of the acquisition as follows Number % w.r.t. total % w.r.t. total
share/voting diluted
capital share/voting
wherever capital of the
applicable TC
Before the acquisition under consideration,
holding of acquirer along with PACs 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 N/A N/A N/A
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)
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ASSETS CARE & RECONSTRUCTION ENTERPRISE LTD.

Registered & Corporate Office : 2nd Floor, Mohan Dev Building, 13, Tolstoy Marg, New Delhi-110001 Tel : 91-11-43115600 Fax : 91-11-43115618 Branch Office : Unit No. : 502, C Wing, One BKC, Radius Developers, Plot No. : C-66, G-Block, Bandra Kurla Complex, Mumbai – 400051 Tel.: 022 68643101

E-mail : acre.arc@acreindia.in Website : www.acreindia.in CIN : U65993DL2002PLC115769

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Details of acquisition
a) Shares carrying voting rights acquired 32,10,000 7% 7%
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) 32,10,000 7% 7%
After the acquisition, holding of
acquirer along with PACs of:
a) Shares carrying voting rights 32,10,000 7% 7%
b) VRs 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) after acquisition
d) Shares in the nature of encumbrance
(pledge/ lien/ non- disposal
undertaking/ others)
32,10,000 7% 7%
e) Total (a+b+c+d)
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 Equity Shares ranking pari passu with the existing
including time till redemption, ratio at which it equity shares of the Target Company
can be converted into equity shares, etc.
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ASSETS CARE & RECONSTRUCTION ENTERPRISE LTD.

Registered & Corporate Office : 2nd Floor, Mohan Dev Building, 13, Tolstoy Marg, New Delhi-110001 Tel : 91-11-43115600 Fax : 91-11-43115618 Branch Office : Unit No. : 502, C Wing, One BKC, Radius Developers, Plot No. : C-66, G-Block, Bandra Kurla Complex, Mumbai – 400051 Tel.: 022 68643101

E-mail : acre.arc@acreindia.in Website : www.acreindia.in CIN : U65993DL2002PLC115769

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-
Date of acquisition of / date of receipt of Date of allotment of equity shares: 21/10/2022
intimation of allotment of shares / VR/
warrants/convertible securities/any other - Date of receipt of intimation of allotment of
instrument t hat entitles the acquirer to receive equity shares from the Target Company:
shares in the TC. 22/10/2022
Equity share capital / total voting capital of the 3,80,70,205 equity shares each having a face value
TC before the said acquisition of INR 2 each
Equity share capital/ total voting capital of the 4,58,80,205 equity shares each having a face value
TC after the said acquisition of INR 2 each
Total diluted share/voting capital of the TC 4,58,80,205 equity shares each having a face value
after the said acquisition of INR 2 each
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For Asset Care and Reconstruction Enterprise Limited ( in its capacity as a trustee of ACRE – 120- Trust) Authorized Signatory Vipul Gupta Manager

Place: Mumbai Date: 27/10/2022

ASSETS CARE & RECONSTRUCTION ENTERPRISE LTD.

Registered & Corporate Office : 2nd Floor, Mohan Dev Building, 13, Tolstoy Marg, New Delhi-110001 Tel : 91-11-43115600 Fax : 91-11-43115618 Branch Office : Unit No. : 502, C Wing, One BKC, Radius Developers, Plot No. : C-66, G-Block, Bandra Kurla Complex, Mumbai – 400051 Tel.: 022 68643101

E-mail : acre.arc@acreindia.in Website : www.acreindia.in CIN : U65993DL2002PLC115769