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Mr. Vinod: Name of The Target Company (TC)
Mr. Vinod: Name of The Target Company (TC)
Mr. Vinod: Name of The Target Company (TC)
Regulations, 2011
Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the BSE Limited (BSE)
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
Details of acquisition/sale
(13,00,000) (2.52%) (2.52%)
a) carrying voting rights acquired/ (sold)
Shares
d) Shares encumbered/invoked/released by
acquirer
(13,00,000) (2.52%) (2.52%)
e) Total (a+b+c+d)
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
whichever is applicable
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
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.
Thanking You.
Yours Faithfully,
/
For and on behalf of Acquirer & PAC's
Shalin A. 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
* 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/-.
Date: 30/03/2022
******
Date: March 31,2022
Sub: Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations ,2011.
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.
-!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
Seller:
1. Manju Oswal
2. Abhinav Oswal
Acouirers:
1) Manju Oswal
Sellen
I. Adish Oswal
21) Adesh Investment and Trading Co. Pvt. Ltd 35100 0.16 0.16
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
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
(*) 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
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
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
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
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.
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.
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
a
L Name of the acquirer(s) l. AdishOswal
2. Manju 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
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
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.
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:
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
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
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
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.