Apcotex Industries : Disclosure under SEBI Takeover Regulations

BSE Limited

National Stock Exchange of India Limited

Department of Listing,

Exchange Plaza, Bandra-Kurla Complex,

P. J. Towers, Dalal Street,

Bandra (East), Mumbai - 400 051

Mumbai - 400 001

Scrip Code: 523694

Symbol: APCOTEXIND

1.

Name of the Target Company (TC)

Apcotex Industries Limited

2.

Name of the acquirer(s)

Biyash Choksey

3.

Name of the stock exchange where shares of the TC

BSE (Scrip Code - 523694)

are listed

National Stock Exchange of India Limited

(Scrip Symbol - APCOTEXIND)

Details of the transaction including rationale, if any, for

This is a inter se transfer by way of gift amongst

4.

the transfer/ acquisition of shares.

promoters of the company

5.

Relevant regulation under which the acquirer is

NA

exempted from making open offer.

6.

Whether

disclosure of proposed acquisition was

Please note we are not claiming exemption under

required to be made under regulation 10 (5) and if so

regulation 10. This is a transfer of 86,000 Equity

- Whether disclosure was made and whether it

shares on account of inter se transfer by way of gift

was made within the timeline specified under the

amongst promoters of the company.This will be

regulations.

covered within the creeping acquisition limit of 5%

- Date of filing with the stock exchange

specified in regulation 3(2) of the SEBI(SAST)

Regulations. The intention behind filing intimation

is to maintain transparency and good governance

practice.

7.

Details of acquisition

Disclosures required to

Whether the

be made under

disclosures under

regulation 10(5)

regulation 10(5) are

actually made

a.

Name of the transferor / seller

Devanshi Anant veer

Yes

Devanshi Anant veer Jalan

Jalan

b.

Date of acquisition

22/02/2022

Yes

c.

Number of shares/ voting rights in respect of

86,000

Yes

the acquisitions from each person mentioned

in 7(a) above

d.

Total shares proposed to be acquired /

0.17%

Yes

actually acquired as a % of diluted share

capital of TC

e.

Price at which shares are proposed to be

NA

NA

acquired / actually acquired

8.

Shareholding details

Pre-Transaction

Post-Transaction

No. of

% w.r.t

No. of

% w.r.t

shares held

total

shares

total

share

held

share

capital of

capital of

TC

TC

a.

Each Acquirer / Transferee (*)

(i)

Biyash Choksey

2,63,000

0.50%

3,49,000

0.67%

b.

Each Seller / Transferor

(i)

Devanshi Anant veer Jalan

55,35,424

10.67%

54,49,424

10.50%