Apcotex Industries : Disclosure under SEBI Takeover Regulations

BSE Limited

National Stock Exchange of India Limited

Scrip Code: 523694

Symbol: APCOTEXIND

Department of Listing,

Exchange Plaza, Bandra-Kurla Complex,

P. J. Towers, Dalal Street,

Bandra (East), Mumbai - 400 051

Mumbai - 400 001

1.

Name of the Target Company (TC)

Apcotex Industries Limited

Miss. Alekha Abhiraj Choksey and Miss Tarika

2.

Name of the acquirer(s)

Abhiraj Choksey

3.

Whether the acquirer(s) is/ are promoters of the

Promoters

TC prior to the transaction. If not, nature of

relationship or association with the TC or its

promoters

4.

Details of the proposed acquisition

a.

Name of the person(s) from whom

Mr. Atul Champaklal Choksey (Promoter)

shares are to be acquired

b.

Proposed date of acquisition

On or after 11th March 2022

c.

Number of shares to be acquired from

259000 equity Shares will be acquired by Miss

each person mentioned in 4(a) above

Alekha Abhiraj Choksey

259000 equity Shares will be acquired by Miss

Tarika Abhiraj Choksey

d.

Total shares to be acquired as % of

0.5 % will be acquired by Miss Alekha Abhiraj

share capital of TC

Choksey

0.5 % will be acquired by Miss Tarika Abhiraj

Choksey

e.

Price at which shares are proposed to

NA

be acquired

f.

Rationale, if any, for the proposed

Inter-se Transfer by way of gift without any

transfer

consideration

5.

Relevant sub-clause of regulation 10(1)(a)

NA

under which the acquirer is exempted from

making open offer

6.

If, frequently traded, volume weighted average

NA

market price for a period of 60 trading days

preceding the date of issuance of this notice as

traded on the stock exchange where the

maximum volume of trading in the shares of the

TC are recorded during such period.

7.

If in-frequently traded, the price as determined

NA

in terms of clause (e) of sub-regulation (2) of

regulation 8.

8.

Declaration by the acquirer, that the acquisition

NA

price would not be higher by more than 25% of

the price computed in point 6 or point 7 as

applicable.

9.

i. Declaration by the acquirer, that the

NA

transferor and transferee have complied / will

comply

with

applicable

disclosure

requirements in Chapter V of the Takeover

Regulations, 2011

(corresponding

provisions

of the repealed Takeover Regulations 1997)

ii. The aforesaid disclosures made during

previous 3 years prior to the date of acquisition

to be furnished.

10.

Declaration by the acquirer that all the

NA

conditions specified under regulation 10(1)(a)

with respect to exemptions has been duly

complied with.

11.

Shareholding details

Pre-Transaction

Post-Transaction

No. of

% w.r.t

No. of

% w.r.t

shares held

total

shares held

total

share

share

capital

capital

of TC

of TC

1.

Alekha Abhiraj Choksey

00

00

2,59,000

0.50

2.

Tarika Abhiraj Choksey

00

00

2,59,000

0.50

3.

Atul Champaklal Choksey

79,18,014

15.27

74,00,014

14.27

For Alekha Abhiraj Choksey

For Tarika Abhiraj Choksey

Guardian

Guardian

Abhiraj Choksey

Abhiraj Choksey

04/03/2022

04/03/2022