Mr. Vinod: Name of The Target Company (TC)

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Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)

Regulations, 2011

Name of the Target Company (TC) GG ENGINEERING LIMITED

Name(s) of the acquirer and Persons Acting


in Mr. Vinod Harmukhrai Beriwal
Mrs. Rashi Gupta
Concert (PAC) with the acquirer Mrs. Sangeeta Vinod Beriwal
Mr. Kamal Beriwal
Mr. Ashok H Beriwal
Mrs. Shashi Devi Beriwal
Whether the acquirer belongs to Yes

Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the BSE Limited (BSE)

shares of TC are Listed


Number %w.r.t. total % w.r.t.
Details of the acquisition / disposal as follows
total diluted
share/voting
capital share/voting
whereveer capital of
applicable the TC (")

Before the acquisition under consideration,

holding of
42,34,990 8.21% 8.21%
a) Shares carrying voting rights
in the nature of encumbrance
b) Shares
(pledge/lien/non-disposal undertaking/others)
c)Voting rights (VR) otherwise than by shares
securities/any other
d) Warrants/convertible
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) 42,34,990 8.21% 8.21%

Details of acquisition/sale
(13,00,000) (2.52%) (2.52%)
a) carrying voting rights acquired/ (sold)
Shares

b) VRs acquired/sold 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/ (sold) / (converted)

d) Shares encumbered/invoked/released by
acquirer
(13,00,000) (2.52%) (2.52%)
e) Total (a+b+c+d)

After the acquisition /sale, holding of:


29,34,990 5.69 5.69
a) Shares carrying voting rights
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares
Warrants/convertible securities/any other
d)
instrument that entitles the acquirer to

receive shares carrying voting rights in the


TC (specify holding in each category) after

acquisition
29,34,990 5.69 5.69
e) Total (a+b+c+d)

Mode of acquisition /sale (e.g. opens market/ off Open Market Sale

market/ public issue rights issue /preferential

allotment/ inter-se transfer, etc.)


Date of acquisition /sale of shares / VR or date of |21/03/2022

receipt of intimation of allotment of shares,

whichever is applicable

Equity share capital/ total voting capital


of the 5,15,50,225 Equity shares of face value
of Rs. 2 each
TC before the said acquisition

Equity share capital/ total voting capital of the TC 5,15,50,225 Equity shares of face value
of Rs. 2 each
after the said acquisition
capital of the TC after |5,15,50,225 Equity shares of face value
Total diluted share/voting of Rs. 2 each
the said acquisition

On Behalf of All Acquirers

Beaol
Authorised Signatory
Signature of the Acquirer /
Place: Mumbai
Date: 31.03.2022
30th March, 2022

To,
Department of Corporate Services,
BSE Limited
P.J. Tower,
Dalal Street, Fort,
Mumbai-400 001

Dear Sir/Madam,

Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeover) Regulation, 2011.

With reference to the above mentioned subject please find enclosed herewith disclosure under
Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011 in
respect of acquisition of 38,42,000 Equity Shares upon conversion of convertible warrants of
Ashoka Metcast Limited.

Please take the same on your records.

Thanking You.

Yours Faithfully,

For and on behalf of Acquirer

1. Shalin Ashok Shah


2. Ashok Chinubhai Shah

/
For and on behalf of Acquirer & PAC's
Shalin A. Shah

Cc: Ashoka Metcast Limited


7th Floor, Ashoka Chambers,
Opp.HCG Hospital,
Mithakhali Six Roads,
Mithakhali Ahmedabad - 380006
Format for djsclosures upder Regulatjog 29(2) of SEBI CSubstaptjal Acgujsjtjop of Shares apd
Takeoyersl RC2ulatjops. 2011

Ashoka Metcast Limited


Name of the Target Company (TC)
Shalin Ashok Shah (Acquirer)
Name(s) of the acquirer and Persons Acting in Concert (PAC)
IAshok Chinubhai Shah (Acquirer)
with the acquirer
Leena Ashok Shah
Shalin A. Shah HUF
Lesha Agro Foods Private Limited
Ashnisha Industries Limited
Payal Shalin Shah

Yes
Whether the acquirer belongs to Promoter/Promoter group

BSE Limited
Name(s) of the Stock Exchange(s) where the shares of TC are
Listed

Number % w.r.t. total % w. r.t. total


share/voting diluted
Details of the acquisition/disposal as follows capital share/voting
wherever capital of the TC
applicable

Before the acquisition under consideration, holding of:

a) Shares carrying voting rights:


- Shalin A. Shah HUF 17,95,000 16.76 7.18
- Shalin Ashok Shah 18,55,000 17.32 7.42
- Lesha Agro Foods Private Limited 100 0.00 0.00
- Ashnisha Industries Limited 100 0.00 0.00
- Payal Shalin Shah 100 0.00 0.00
- Leena Ashok Shah 5,59,700 5.23 2.24
- Ashok Chinubhai Shah 5,00,000 4.67 2.00
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 rights in the TC (specify holding in each
category)
- Paya] Shalin Shah 12,06,000 4.83
- Shalin Ashok Shah 36,90,000 14.76
- Leena Ashok Shah 19,02,000 7.61
- Ashok Ch inubhai Shah 19,02,000 7.6 1

e) Total (a+b+c+d) 1,34,10,000 43.98 53.65


Details of acquisition-lsale

a) Shares carrying voting ri ghts acquiredfsele


- Shalin Ashok Shah 36,90,000 21 .04 14.76
- Ashok Chinubhai Shah 1,52,000 0.87 0.61
b) VRs acqui red /sold otherwise than by shares
c) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carryi ng
voting rights in the TC (specify holding in each
category) acquired:
d) Shares encumbered I invoked/released by the acq uirer

e) Total (a+b+c+/-d) 38,42,000 21.9 1 15.37

After the acquisition/sale, holding of:

a) Shares carrying voting ri ghts:

- Shalin A. Shah HUF 17,95,000 10.23 7.18


- Shalin Ashok Shah 55,45,000 3 1.61 22.1 8
- Lesha Agro Foods Private Limited 100 0.00 0.00
- Ashnisha Industries Limited 100 0.00 0.00
- Payal Shalin Shah 100 0.00 0.00
- Leena Ashok Shah 5,59,700 3.19 2.24
- Ashok C hinubhai Shah 6,52,000 3.72 2.6 1

b) Shares encumbered with the acquirer


c) VRs otherwi se than by shares
d) Warrants/convertible securi ties/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) after acquisition
I . Leena Ashok Shah 19,02,000 7.61
17,50,000 7.00
2. Ashok Chinubhai Shah
3. PayaI Sha Ii n Shah 12,06,000 4.83

1,34,10,000 48.76 53.65


e) Total (a+b+c+d)

Conversion of Warrants into Equity Shares


Mode of acquisition/sale (e.g. open market I o ff
m ark et I public issue I rights issue I preferential
allotment I inter-se transfer etc).

Date of acquisition / sale of shares I YR or date of reeeipt of


29/03/2022
intimation of allotment of shares, whiehe¥er is applieable

Rs. 10, 71,00,000/-


Equity share capital I total voting capital of the TC before the
said acquisition

Equity share capital/ total voting capital of the TC after the Rs. 17,54,00,000/-
said acquisition
#
Total diluted share/voting capital of the TC after the said Rs. 24,99,60,000/-
acquisition

* Equity share capital/ total voting capital of the TC after the said acquisition means the total number of equi ty
shares in the TC after conversion of 68,30,000 convertible warrants into equity shares alloted in the Board meeting
held on 29/03/2022.

% w.r.t. total share/voting capital wherever applicable is calculated on the Equity share capital/ total voting capital
of the TC after the present acquisition upon conversion of warrants into equity shares i.e. on 1,75,40,000 equity
shares of Rs. 101- each.

# Total diluted share/voting capital means the total number of shares in the TC assuming full conversion of
1,42,86,000 convertible warrants into equity shares of the TC.

% w.r.t. total diluted share/voting capital of the TC are calculated on diluted share capital of Rs. 24,99,60,000/-.

For and on behalf of Acquirer


1. Shalin Ashok Shah
2. Ashok Chinubhai Shah

/ For and on behalf of Acquirer & PAC's


Shalin A. Shah

Date: 30/03/2022
******
Date: March 31,2022

The Manager, The Manager,

BSE Limited National Stock Exchange of India


Corporate Relationship Department, Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,, 5th Floor,
DalalStreet, PlotNo.C/I, G Block,
Mumbai- 400001 Bandra-Kurla Complex, Bandra (E),
Mumbai-400051
Scrip Code: 514175
Symbol: VARDMNPOLY

Sub: Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations ,2011.

Dear Sir/ Madam,

We, the undersigrred, are submitting the requisite disclosure under Regulation 29(2) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, ("Takeover Regulations") in respect
of indirect acquisition under Regulation 10(1)(a)(i) of the Takeover Regulations of up to 22.76Yo of the
paid-up equity shares of Vardhman Polytex Limited pursuant to the acquisition of shares of companies
forming part of the promoter group of Vardhman Polytex Limited, as set out in Annexure Al and
Annexure A2, between immediate relatives.

This is for your information and records.

-!IL'
Adish Oswal
(On behalf ofAdish Oswal and Manju Oswal, Acquirers)
Format for disclosures under Regulation 29(2) of SEBI (Substantial
Acauisition of Shares and Takeoversr Regulations 2O77

Name of the Target Company (TC) VARDHMAN POLYTEX UMITED

Name(s) of the acquirer and Persons Acting in Acouiren


Concert (PAC)with the acquirer
1) Adish Oswal

Persons Actino in Concert (PACt:


1) Ashok Kumar Oswal
2) Aketa Oswal
3) Rakhi Oswal
4) Ashok Oswal (HUF)
5) Amrante Trust through Rakhi
Oswal, Trustee
6) Kent Investments Pvt. Ltd.
7) Enakshi Investments Pvt. Ltd.
8) Panchsheel Textile Mfg and
Trading Co. Pvt, Ltd.
9) Ruby Mercantile Co. Pvt. Ltd.
10)Calgary Investment and Trading
Co. Fvt. Ltd.
11)Nightnagle Dealcom Pvt. Ltd.
12)Gagan Mercantile Co. Pvt. Ltd.
13)Pioneer Marcantile (India) Pvt.
Ltd.
14)Altfort Merchants Pvt. Ltd.
15)Libetty Mercantile Co. Pvt. Ltd.
16) Boras Investment and Trading
Co. Pvt. Ltd.
17)Allepy Investment and Trading
Co. Pvt. Ltd.
18)Adesh Investment and Trading
Co. Pvt. Ltd.
19)Alma Assets Consultancy Pvt. Ltd.

Seller:
1. Manju Oswal
2. Abhinav Oswal

Acouirers:

1) Manju Oswal

Persons Actino in Concert (pACr:


1) Ashok Kumar Oswal
2) Aketa Oswal
3) Abhinav Oswal
4) Rakhi Oswal
5) Ashok Oswat (HUF)
6) Amrante Trust through Rakhi
Oswa
7) Kent Investments Pvt. Ltd.
8) Enakshi Investments Pvt. Ltd.
9) Panchsheel Textile Mfg and
Trading Co. Pvt. Ltd.
10)Ruby Mercantile Co. Pvt. Ltd.
11)Calgary Investment and Trading
Co. Pvt. Ltd.
12)Nightnagle Dealcom Pvt. Ltd.
l3)Gagan Mercantile Co. Pvt. Ltd.
14)Pioneer Marcantile (India) Pvt.
Ltd.
15)Altfort Merchants Pvt. Ltd.
16)Liberty Mercantile Co. Pvt. Ltd.
17) Boras Investment and Trading
Co. Pvt. Ltd.
1B)Allepy Investment and Trading
Co. Pvt. Ltd.
19)Adesh Investment and Trading
Co. Pvt. Ltd.
20)Alma Assets Consultancy Pvt. Ltd.

Sellen
I. Adish Oswal

Whether the acquirer belongs to Promoter/Promoter Yes

Name(s) of the Stock Exchange(s) where the shares 1) BSE Limited


of TC areListed 2) National Stock Exchange of India
Limited
Number o/o w.r.t.total o/o W.r.t.
share/voting total diluted
Details of the acquisition / disposal as follows capital share/votin
wherever g capital of
applicable(*) the tC1*x1

Before the acquisition under consideration,


holding of :

a) Shares carrying voting rights


1) Adish Oswal 4205LL 1.89 1.89
Ma Oswal 52964 0.24 0.24
Ashok Kumar Oswal L27748 0.57 0.57
4
Abhinav Oswal L4307 0.06 0.06
khi Oswal 1 0.08 0
7) Ashok Oswal (HUF) 110 0.00 0.00
8) Amrante Trust through Rakhi Oswal, Trustee 5139 0.02 0.02

Kent Pvt 46950 0.21 0.2


Enakshi Investments Pvt. Ltd 370250 1.66 1.66
11) Panchsheel Textile Mfg and Trading Co. pvt. Ltd 4426917 19.86 19.86

Ru eCo Ltd 153000 0.69


13) Calgary Investment and Trading Co. Pvt. Ltd 67300 0.30 0.30
14) Nightnagle Dealcom pvt. Ltd 660000 2.96 2.96
15) Gagan Mercantile Co. Pvt. Ltd 163900 0.74 o.74
16) Pioneer Marcantile (India) Pvt. Ltd 49350 0.22 o.22
17) Altfort Merchants Pvt. Ltd. 2182000 9.79 9.79
18) Liberty Mercantile Co. Pvt. Ltd. 120550 0.54 0.54
19) Boras Investment and Tradinq Co. Pvt, Ltd. 32860 0.15 0.15
20) Allepy Investment and Trading Co. Pvt. Ltd 95500 0.43 0.43

21) Adesh Investment and Trading Co. Pvt. Ltd 35100 0.16 0.16

22) Alma Assets Consultancy Pvt. Ltd 4362325 L9.57 L9.57

b) Shares in the nature of encumbrance (pledge/ lienl


non-disposal undeftaking/ others) N.A N.A N.A

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 N.A N,A N.A
shares carrying voting rights in the TC (specify
holdinq in each cateqory)
e) Total (a+b+c+d) 13410061 60.16 60.16

Details of acquisition/sale The acquirers have not directly


acquired any shares of the TC.
This disclosure is being made pursuant
a) Shares carrying voting rights acquired/sold
to the Indirect Inter-se Transfer of
b) VRs acquired /sold otherwise than by shares
shares of companies which form part of
c) Warrants/convertible securities/any other the promoter group of the TC (as set
instrument that entitles the acquirer to out in Annexure A7 and Annexure A2)
receive shares carrying voting rights in the TC (hereinafter
(specify holding in each category) which caused "Promoter Companies")
an indirect acquisition of
acquired/sold shares carrying voting rights of the TC.
d) Shares encumbered / invoked/released by the This inter-se transfer of shares carrying
acquirer voting rights is by way of gift between
e) Total (a+b+c+l-d) (a) Adish Oswal, the. acquirer and his
immediate relatives - his mother,
Manju Oswal, and his brother, Abhinav
Oswal; and (b) Manju Oswal, the
acquirer and her immediate relative -
her son, Adish Oswal.

However, 22.760/o of the paid-up equity


shareholding of TC is acquired
indirectly on account of the acquisition
of shares of the Promoter Companies.
Please refer to Annexure-Al, Note l

Additionally, please refer to


Annexure -Al and A2 for details on
the percentage of shares of each
Promoter Company acquired by the
acquirers.
After the acquisition under consideration, holding
of
f) Shares carrying voting rights
1) Adish Oswal 4205 11 1.89 1.89

2) Manju Oswal 52964 o.24 0.24


3) Ashok Kumar Oswal L27748 0.57 0.57
4) Aketa Oswal 5460 0.02 0.02
5) Abhinav Oswal t4307 0.06 0.06
6) Rakhi Oswal t7820 0.08 0.08
7) Ashok Oswal (HUF) 110 0.00 0.00
8) Amrante Trust through Rakhi Oswal, 5139 0.02 0.02
Trustee
9) Kent Investments Pvt. Ltd 46950 o.2r 0.21
10)Enakshi Investments Pvt. Ltd. 370250 1.66 1.66
11)Panchsheel Textile Mfg and Trading Co 44269L7 19.86 19.86
Pvt. Ltd.
12)Rubv Mercantile Co. Pvt. Ltd 153000 0.69 0.69
13)Calgary Investment and Trading Co. Pvt 67300 0.30 0.30
Ltd.
14)Nightnagle Dealcom Pvt. Ltd. 660000 2.96 2.96
15)Gagan Mercantile Co. Pvt. Ltd 153900 0.74 0.74
16)Pioneer Marcantile (India) Pvt. Ltd 49350 0.22 0.22
17)Altfort Merchants Pvt. Ltd. 2182000 9.79 9.79
18)Libefty Mercantile Co. Pvt. Ltd. 120550 0.54 0.54
19)Boras Investment and Trading Co. Pvt. Ltd. 32860 0.15 0.15
2O)Allepy Investment and Trading Co. Pvt 95500 0.43 0.43
Ltd.
21)Adesh Investment and Trading Co. Pvt 3s100 0.16 0.16
Ltd.
22)Alma Assets Consultancy Pvt. Ltd. 4362325 t9.57 L9.57
Notet

No changes have taken place in the shareholding pattern of TC since the transfers have
been undeftaken at an indirect level (i.e., shares of the Promoter Companies); but
shareholding in the Promoter Companies (which are part of above stated promoter
Group) is changed as per Annexure-A.
g) Shares in the nature of encumbrance (pledge/
lien/ non-disposal undertaki ngl others) N.A N.A N.A

h) Voting rights (VR) othenruise than by shares


N.A N.A N.A

D Warrants/convertible securities/any other


instrument that entitles the acquirer to receive
shares carryingvoting rights in the T C (specify N.A N.A N.A
holding in each category)
j) Total (a+b+c+d) 13410061 60.16 60.16

Mode of acquisition / sale (e.g. open market I off- Indirect Inter-se Transfer of shares in the
market / public issue / rights issue / preferential Promoter Companies of the TC by way of
allotment' / inter-se transfer etc). gift between immediate relatives for nil
consideration.
Date of acquisition / sale of shares / VR or date of
receipt of intimation of allotment of shares, whichever 30th March, 2022
is applicable

Equity share capital / total voting capital of the TC 22290957 100o/o 100o/o
before thesaid acquisition / sale

Equity share capital/ total voting capital of the TC


22290957 LOOo/o LOOo/o

after thesaid acquisition / sale


Total diluted share/voting capital of the TC after the 22290957 100o/o 100o/o
saidacquisition

(*) Tota'l share capital/ voting capital to be taken as per the latest filing done by the
company to the StockExchange under Clause 35 of the listing Agreement.

(xx) 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.

$r
Adish Oswal
Promoter (on behalf of Adish Oswal and Manju Oswal)
Vardhman Polytex Limited

Place: Ludhiana
Date: 31.03.2022
Annexure - A1

1 In KENT INVESTMENTS PVT. LTD. of Promoter


% of Voting
% of shareholding Capital of the TC
of the Promoter h.gld by the
Company Promoter
Name of Transferee Name of Transferor No. of EquiW Shares transferred Consideration Company
(beine part of promoter group) (being part of promoter group) o.2L
Adish Oswal Manju Oswal 3820 38.20 By way of Gift
Adish Oswal Abhinav Oswal 3800 38.00 By way of Gift
76.20

2 ln PANCHSHEET TExTltE MANUFACTURING & TRADING CO (P) LTD. (part of Promoter Group)
Shares:
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 19.86
Adish Oswal Manju Oswal 1296s 72.05 By way of Gift
72.05

Preference Shares:

Whether the
Preference Shares
Name of Transferee Name of Transferor No.& Type of Shares have Voting Rights Consideration
(being part of promoter group) (being part of promoter group)
75OO (70% Preference
Adish Oswal Manju Oswal Shares) No Voting Rights By way of Gift

8443 (6% Non


Cumu lative Convertible
Reedemable Preference
Adish Oswal Manju Oswal Shares (Series-C)) No Voting Rights By way of Gift
75OO (LOYo Preference
Adish Oswal Abhinav Oswal Shares) No Voting Rights By way of Gift
3 !n RUBY MERCANTILE CO PVT. LTD. of Promoter G of Promoter G
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of EquiW Shares transferred' '
Consideration Company
(being part of promoter group) (being part of promoter group) 0.69
Adish Oswal Manju Oswal 4300 43.00 By way of Gift
Adish Oswal Abhinav Oswal 4000 40.00 By way of Gift
83.00

4 ln CATGARY INVESTMENT&TRADING CO PVT. tTD. rt of Promoter Grou


% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.3
Adish Oswal Manju Oswal 2000 79.62 By way of Gift
79.62

5 ln GAGAN MERCANTITE CO PVT. tTD. of Promoter G


% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of EquiW Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.74
Adish Oswal Manju Oswal 4400 M.OO By way of Gift
Adish Oswal Abhinav Oswal 3s00 35.00 By way of Gift
79.00
5 ln PIONEER MARCANTITE INDIA PVT. tTD. of Promoter
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.22
Adish Oswal Manju Oswal 6800 68.00 By way of Gift
Adish Oswal Abhinav Oswal 3000 30.00 By way of Gift
98.00

7 ln BORAS INVESTMENT & TRADING CO. PVT. tTD. of Promoter


% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
Ogfne part of promoter group) (being part of promoter group) 0.15
Adish Oswal Manju Oswal 8802 44.OL By way of Gift
Adish Oswal Abhinav Oswal 5000 25.00 By way of Gift
69.01

8 ln AttEPY INVESTMENT& TRADING CO. PVT. tTD. of Promoter


% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.43
Adish Oswal Manju OSwal 6000 76.45 By way of Gift
76.45
9 ln ADESH INVESTMENT & TRADTNG CO PVT. LTD. of Promoter
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company ' Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.16
Adish Oswal Manju Oswal 9022 36.00 By way of Gift
Adish Oswal Abhinav Oswal 5 0.02 By way of Gift
36.02

Note 1
% of Voting Capital of
Detail of indirect acquisition of voting share capital of TC the TC
Extent of indirect acqusition by Adish Oswal of the voting share capital
of the TC on account of the acquisition of the shares of the promoter
Companies as set out above 22.76
Annexure - A2

1 ln ENAKSHI INVESTMENTS PVT. tTD of Promoter % Holding in TC


% of shareholding
of the Promoter
Company
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration 1.66
(being part of promoter group) (being part of promoter group)
Manju Oswal Adish Oswal 15L0 L.77 By way of Gift
1.77

Note
Enakshi !nvestments Pvt. Ltd. is under the control of Manju Oswal prior to the transfer set out above and wil! continue to be under
the control of Manju Oswa! post the transfer set out above.
I

Date:March 31,2022

The Manager, The Manager,

BSE Limited National Stock Exchange of India Limited


Corporate Relationship Department, Exchange Plaza, 5th Floor,
Phiroze Jeejeebhoy Towers, PlotNo.C/I, G Block,
Dalal Street, Bandra-Kurla Complex, Bandra(E),
Mumbai- 400001 Mumbai-400051

Scrip Code: 514175 Symbol: VARDMNPOLY

Sub: Report under Regulation 10(6) in respect of the acquisition under Regulation 10(l)(a)(i) of the
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers)
Regulations,20ll.

Dear Sir/ Madam,

We, the undersigned, are submitting the requisite disclosure under Regulation l0(6) of the Securities and
Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 20ll
("Takeover Regulations") in respect of indirect acquisition under Regulation l0(l)(a)(i) of the Takeover
Regulations of up to 22.76% of the paid-up equity shares of Vardhman Polytex Limited pursuant to the
acquisition of shares of companies forming part of the promoter group of Vardhman Polytex Limited, as
set out in Annexure A1 and Annexure A2, between immediate relatives.

This is for your information and records.

Adish Oswal
(On behalf of Adish Oswal and Manju Oswal, Acquirers)
Format for Disclosures under Reeulation 10(6) - Report to Stock Exchanees in respect of anv
acquisition under Reeulation 10(1Xa) of SEBI (Substantial Acquisition of Shares and Takeovers)
Reeulations. 2011

I Name ofthe Target Company (TC) Vardhman Polytex Limited

a
L Name of the acquirer(s) l. AdishOswal

2. Manju Oswal

J Whether the acquirer(s) is/ are promoters Yes


of the TC prior to the transaction. If not,
nature of relationship or association with
the TC or its promoters
4 Details of transaction including rationale, The acquirers have not directly acquired any shares
if any, for the transfer/acquisition of shares of the TC.
This disclosure is being made pursuant to the inter-se
transfer of shares of companies which form part of the
promoter group of the TC (as set out in Annexure Al
and Annexure A2) (hereinafter "Promoter
Companies") which caused an indirect acquisition of
shares carrying voting rights of the TC. This inter-se
transfer of shares carrying voting rights are by way of
gift between (a) Adish Oswal, the acquirer and his
immediate relatives - his mother, Manju Oswal, and his
brother, Abhinav Oswal; and (b) Manju Oswal, the
acquirer and her immediate relative - her son, Adish
Oswal.

5. Relevant regulation under which the Regulation l0 (l) (a) (i) of SEBI (SAST) Regulations,
acquirer is exempted from making open 20tt
offer
6. Whether disclosure of the proposed Disclosure of the proposed acquisition was required to
acquisition was required to be made under be made under Regulation l0 (5).
Regulation l0 (5) and if so,
- Whether disclosure was made and Disclosure was made within timeline specified
whether it
was made within the under Regulation 10 (5).
timeline specifi ed under Regulations.

Date of filing with the stock exchanges Date of filing with stock exchangesis23.03.2022

7 Details of acquisition Disclosures required to Whether the disclosures


made under Regulation under Regulation l0(5) are
10(s) actually made

a) Name of Transferor/Seller l). Adish Oswal 1). Adish Oswal


2). Manju Oswal 2). Manju Oswal
3). Abhinav Oswal 3). Abhinav Oswal

b) Date of Acquisition:- 30ft March,2022 On or after 30e March, 30nMuch,2022


2022
c) Number of shares/voting rights in Shares of the TC are not Shares ofthe TC are not
respect of acquisitions from each acquired directly. Please acquired directly. Please
person mentioned in 7 (a) above: refer Annexure-Al and refer Annexure-A1 and
Annexure-A2 for details
Annexure-A2 for details on
on the number of shares
of each Promoter the number of shares of
Company acquired from each Promoter Company
each person mentioned in acquired from each person
7(a) above. mentioned in 7(a) above.

d) Total shares proposed to be acquired / Shares of the TC are not Shares of the TC are not
actually acquired as ao/o of diluted acquired directly. acquired directly.
share capital of TC: However, 22.76% of the However, 22.76% of the
paid-up equity paid-up equity
shareholding of TC is shareholding of TC is
acquired indirectly on acquired indirectly on
account of the acquisition account of the acquisition
of shares of the Promoter of shares of the homoter
Companies. Please refer Companies. Please refer to
to Annexure-Al, Note I Annexure-Al, Note I

Additionally, please refer


to Annexuro.Al and A2 Additionally, please refer
for details on the to Annexure'Al and A2
percentage of shares of for details on the
each Promoter Company percentage of shares of
acquired by the acquirers. each Promoter Company
acquired by the acquirers.

e) Price at which shares are proposed to Not applicable as direct Not applicable as direct
be acquired / actually acquired: acquisition of the shares acquisition of the shares
ofTC is not done. ofTC is not done.

Shares of the Promoter Shares of the Promoter


Companies are transferred Companies are transferred
by way of gift for nil by way of gift for nil
consideration.
consideration.

8 Shareholding details Pre-Transaction Post-Transaction


No. ofshares ohw.r.t No. of ohw.r.t
held total share shares held total share
capital of capital of
TC TC
a Acquirer: Adish Oswal:

Acquirer(s) and PACs (other than


sellers) (*)

i. Ashok Kumar Oswal 1,27,748 0.57% 1,27,749 0.57%


ii. Adish Oswal 4,20,511 1.89% 4,20,511 1.89%
iii. Aketa Oswal 5,460 0.02% 5,460 0.02%
iv. Rakhi Oswal 17,820 0.08% 17,820 0.08%
Ashok Kumar and Sons, ll0 0.00% 110 0.00%
HUF
vi. , Kent Investments Pvt. Ltd. 46,950 0.21% 46,950 0.21%
v[. Enakshi Investments Pvt. 3,70,250 r.66% 3,70,250 1.66%
Ltd.
vlll. Panchsheel Textile Mfg. and 44,26,917 19.86% 44,26,917 19.86%
Trading Co. Rrt. Ltd.
lx. Ruby Mercantile Co. Pvt. 1,53,000 0.69% 1,53,000 0.69%
Ltd.
x. Calgary Investment and 67,300 0.30% 67,300 0.30%
Trading Co. Pvt. Ltd.
xt Nightnagle Dealcom Pvt. 6,60,000 2.96% 6,60,000 2.96%
Ltd.
xll Gagan Mercantile Company 1,63,900 0.74% I , 63 , 900 0.74%
Pvt. Ltd.
xlll. Pioneer Mercantile India Pvt. 49,350 0.22% 49,350 0.22%
Ltd.
xiv. Altfort Merchants Pvt. Ltd. 21,82,000 9.79% 21,82,000 9.79%
XV Liberty Mercantile Co. Pvt. 1,20,550 0.s4% 1,20,550 0.54%
Ltd.
xvl Boras Investment and 32,860 0.15% 32 860 0.15%
Trading Co. Pvt. Ltd.
xvll Allepy Investment and 95 500 0.43% 95 , 500 0.43%
Trading Co. Pvt. Ltd.
xvlll. Adesh Investment Trading 35 I 00 0.16% 35,100 0.16%
Co. Pl,t. Ltd.
xlx. Alma Assets Consultancy 43,62,325 19.57% 43,62,325 19.57%
Pvt. Ltd.
xx. Amrante Trust through 5, l39 0.02% 5,1 39 0.02%
Rakhi Oswal, Trustee
b Sellers
l. Manju Oswal 52,694 0.24% 52,694 0.24%
ii. Abhinav Oswal 14,307 0.06% 14,307 0.06%

Shareholding details PreTransaction Post-


Transaction

No. of o/o
w.r.t No. of o/o
w.r.t
shares total share shares total
held capital of held share
rC capital
of TC
a Acquirer: Maniu Oswal:

Acquirer(s) and PACs (other than sellers) (*)

i. Ashok Kumar Oswal 1,27,749 0.57% 1,27,749 057%


ii. Aketa Oswal 5,460 0.02% 5,460 0.02%
iii. RakhiOswal 17,920 0.08% 17,820 0.08%
iv. Manju Oswal 52,694 0.24% 52,694 0.24%
v. Abhinav Oswal 14,307 0.06% 14,307 0.06%
vi. Ashok Kumar and Sons, HUF 110 0.00% ll0 0.00%
vii. Kent Investments Pvt. Ltd. 46,950 0.21% 46,950 0.21%
viii. Enakshi Investments P\t. Ltd. 3"70,250 1.66% 3,70,250 1.660/o
lx. Panchsheel Textile Mfg. and Trading 44,26,917 19.86% 44,26,917 t9.86%
Co. Pvt. Ltd.
x. Ruby Mercantile Co. Pvt. Ltd. 1,53,000 0.69% 1,53,000 0.69%
xl. Calgary Investment and Trading Co. Pvt. 67,300 0.30% 67,300 0.30%
Ltd.
xii. Nightnagle Dealcom PvL Ltd. 6,60,000 2.96% 6,60,000 2.96%
xlll. Gagan Mercantile Company P\rt. Ltd. 1,63,900 0.74% 1,63,900 0.74%
xiv. Pioneer Mercantile India Pvt. Ltd. 49,350 0.22% 49,350 0.22%
xv. Altfort Merchants Pvt. Ltd 21,82,000 9.79% 21,82,000 9.79%
xvl. Liberty Mercantile Co. Pvt. Ltd. 1,20,550 0.54% 1.,20,550 054%
xvll. Boras Investment and Trading Co. Pvt. 32,860 0.15% 32,860 0.ts%
Ltd.
xvlll. Allepy Investment and Trading Co. Pvt. 95,500 0.43% 95,500 0.43%
Ltd.
xix. Adesh Investment Trading Co. Pld. Ltd. 35 1 00 0.16% 35 ) I 00 0.t6%

xx. Alma Assets Consultancy Plrt. Ltd. 43,62,325 19.57% 43,62,325 19.57%

xxl Amrante Trust through Rakhi Oswal, 5,139 0.02% 5,1 39 0.02%
Trustee

b Seller
i. Adish Oswal 4,20,511 1.89% 4,20,511 1.89%

Note A:
No changes have taken place in the shareholding pattern of TC, since the transfers have been done at an
indiregt level (Le, shares of the Promoter Companies); but shareholding in the Promoter Companies
(which are part of above stated Promoter Group) has changed as per Annexure-A.

B:
Shareholding of each entity shall be shown separately and then collectively m a group.
above disclosure shall be signed by the acquirer mentioning date & place. In case, there ,.s m ore than
the report shall be signed eit,her by all the persons or by a person duly authorized to do SO on
all the

[}
Adish Oswal
Promoter (on behalf of Adish Oswal and Manju Oswal)
Vardhman Polytex Limited

Place: Ludhiana
Date:31.03.2022
Annexure - A1

1 ln KENT INVESTMENTS PVT. tTD. rt of Promoter Grou


% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.21
Adish Oswal Manju Oswal 3820 38.20 By way of Gift
Adish Oswa! Abhinav Oswal 3800 38.00 By way of Gift
76.20

2 ln PANCHSHEEL TEXTTLE MANUFACTURTNG & TRADTNG CO (pl tTD. (part of Promoter Group)
at{gr1 Shares:
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 19.86
Adish Oswal Manju Oswal L296s 72.O5 By way of Gift
72.O5

Preference Shares:

Whether the
Preference Shares
-
Name of Transferee Name of Transferor No.& Type of Shares have Voting Rights Consideration
(being part of promoter group) (being part of promoter group)
7500 (LO% Preference
Adish Oswal Manju Oswal Shares) No Voting Rights By way of Gift

8443 (6% Non


Cu mu lative Convertible
Reedemable Preference
Adish Oswal Manju Oswal Shares (Series-C)) No Voting Rights By way of Gift
75OO (70% Preference
Adish Oswal Abhinav Oswal Shares) No Voting Rights By way of Gift
3 ln RUBY MERCANTITE CO PVT. tTD of Promoter of Promoter Group)
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee of Transferor No. of Equity Shares transferred Consideration ' Company
(being part of promoter group) (being part of promoter group) 0.69
Adish Oswal Manju Oswa! 4300 43.00 By way of Gift
Adish Oswal Abhinav Oswal 4000 40:00 By way of Gift
83.(x)

4 ln CALGARY INVESTMENT&TRADING CO PVT. tTD. of Promoter G


% of Voting
% of shareholding Capital of the Tc
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of EquiW Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.3
Adish Oswal Manju Oswal 2000 79.62 By way of Gift
79.62

5 In GAGAN MERCANTITE CO PVT. LTD rt of Promoter


%of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of EquiU Shares transferred Consideration Company
Qqing part of promoter group) (being part of promoter group) 0.74
Adish Oswal Manju Oswal 4/;OO M.OO By way of Gift
Adish Oswal Abhinav Oswal 3500 35.00 By way of Gift
79.00
5 In PIONEER MARCANTIIE INDIA PVT. LTD. of Promoter
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of EquiW Shares transferred Consideration Company
being part of promoter group) (being part of'piomoter group) 0.22
Adish Oswal Manju Oswal 6800 58.00 By way of Gift
Adish Oswal Abhinav Oswal 3000 30.00 By way of Gift
98.00

7 ln BORAS INVESTMENT & TRADING CO. PVT. LTD. of Promoter Grou


% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.15
Adish Oswal Manju Oswal 8802 44.0L By way of Gift
Adish Oswal Abhinav Oswal 5000 25.00 By way of Gift
69.01

8 ln ATLEPY INVESTMENT& TRADING CO. PVT. LTD. of Promoter


% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of EquiW Shares transferred Consideration Company
(being part of promoter group) (being part of promoter group) 0.43
Adish Oswal Manju Oswal 5000 76.45 By way of Gift
76.45
9 ln ADESH INVESTMENT & TRADTNG CO PVT. tTD. of Promoter
% of Voting
% of shareholding Capital of the TC
of the Promoter held by the
Company Promoter
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration Company
(being part of promoter group)
Oqing part of promoter group) 0.16
Adish Oswal Manju Oswal 9022 35.00 By way of Gift
Adish Oswal Abhinav Oswal 5 0.02 By way of Gift
36.02

Note 1
% of Voting Capital of
Detail of indirect acquisition of voting share capital of TC the TC
Extent of indirect acqusition by Adish Oswal of the voting share capital
of the TC on account of the acquisition of the shares of the promoter
Companies as set out above 22.76
Annexure - A2

1 ln ENAKSHI INVESTMENTS PW. tTD. of Promoter % Holding in TC


% of shareholding
of the Promoter
Company
Name of Transferee Name of Transferor No. of Equity Shares transferred Consideration 1.66
(being part of promoter group) (being part of promoter group)
Manju Oswal Adish Oswal 1510 L.77 By way of Gift
L.77

Note
Enakshi lnvestments Pvt. Ltd. is under the controt of Manju Oswal prior to the transfer set out above and will continue to be under
the contro! of Manju Oswal post the transfer set out above.

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