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| Exchange Received Time 15/03/2017 18:47:34 Exchange Disseminated Time 15/03/2017 18:47:42 Time Taken 00:00:08 | | With reference to the subject mentioned above, this is to inform you that I (Gautam Makharia) being a promoter of the Company intends to acquire 32,00,000 Equity Shares of the Company by way of Gift from Mr. Punit Makharia, (Brother and forming part of the promoter group) without consideration. This being an 'inter se' transfer of shares amongst Promoter Group and inter se relatives, the same falls within the exemptions under Regulation 10(1)(a)(i) and (ii) provided under SEBI (SAST) Regulations, 2011. Consequent to the above acquisition, the Equity Shareholding of Mr. Gautam Makharia will increase from 47,28,301 Equity Shares (15.65%) to 79,28,301 Equity Shares (26.24%). The Aggregate holding of promoter and promoter group before and after the above inter-se transaction will remain same. In this connection the necessary disclosures under Reg.10(5) of SEBI (SAST) Reg, 2011 for the above said acquisition in the prescribed format is enclosed. |
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