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)

Alekha Choksey, Tarika 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 518000 Equity

- Whether disclosure was made and whether it

shares (259000 equity shares will be transferred to

was made within the timeline specified under the

Ms. Alekha Choksey and 259000 equity Shares

regulations.

will be transferred to Ms. Tarika Choksey) on

- Date of filing with the stock exchange

account of inter se transfer by way of gift amongst

promoters of the companyThis will be covered

within the creeping acquisition limit of 5% 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

Atul Champaklal

Yes

Choksey

b.

Date of acquisition

11/03/2022

Yes

c.

Number of shares/ voting rights in respect of

518000

Yes

the acquisitions from each person mentioned

in 7(a) above

d.

Total shares proposed to be acquired /

1 %

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 total

No. of

% w.r.t total

shares

share

shares

share capital

held

capital of

held

of TC

TC

a.

Each Acquirer / Transferee (*)

(i)

Alekha Choksey

0

0

259000

0.50%

(ii)

Tarika Choksey

0

0

259000

0.50%

b.

Each Seller / Transferor

(i)

Atul Champaklal Choksey

7918014

15.27%

7400014

14.27%

For Alekha Abhiraj Choksey

For Tarika Abhiraj Choksey

Guardian

Guardian

Abhiraj Choksey

Abhiraj Choksey

14/03/2022

14/03/2022