Pennar Industries : Communication to shareholders as per Reg 30
September 22, 2022 at 10:40 am EDT
Share
Date: September 22, 2022
Place: Hyderabad
The Manager,
The Manager,
National Stock Exchange of India Ltd,
BSE Limited
Exchange Plaza,
Phiroze Jeejeebhoy Towers, Dalal Street,
Plot No. C-1,G-Block,Bandra-Kurla
Mumbai - 400 001
Complex
(PENIND | 513228 | INE932A01024)
[Scrip Symbol: PENIND]
Dear Sir/Madam,
Sub: Intimation for closure of the Buyback under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2018 ("SEBI Listing Regulations")
This is further to (i) our letter dated March 9, 2022 informing the outcome of the meeting of the Board of the Directors of the company approving the Buyback, and (ii) our letter dated March 11, 2022 regarding submission of the Public Announcement dated March 11, 2022 for the Buyback.
In furtherance to the above, please be informed that the Buyback committee meeting was held today and approved the closure of Buyback of shares, further the committee noted that the closure of Buyback was in compliance with the Securities and Exchange Board of India (Buy- Back of Securities) Regulations, 2018.
The Meeting of the Buyback Committee commenced at 7:30 P.M. and concluded at 7:45 P.M.
The details of the pre and post Buyback shareholding pattern of the Company is enclosed herewith as Annexure - I.
This is for your information and records.
For Pennar Industries Limited
Mirza Mohammed Ali Baig
Digitally signed by Mirza Mohammed Ali Baig Date: 2022.09.22 19:49:59 +05'30'
Mirza Mohammed Ali Baig
Company Secretary & Compliance Officer
ACS 29058
Annexure-I
Pre Buy-back(1)
Post Buy-back(2)
% to the
% to post
Category of Shareholder
Number of
existing
Number of
Buy-back
Equity
Equity
Shares
Shares
Share
Share
capital
capital
Promoters and promoter group
5,35,86,278
37.69
5,36,06,278
39.72
Foreign Investors (Including Non-
24,45,895
1.72
8,13,39,953
60.28
Resident Indians, FIIs, FPIs, Foreign
Mutual Funds, Foreign Nationals)
Financial Institutions/Banks,
Mutual
2,758
0.00
Funds
promoted
by
Banks/
Institutions
Others
(Public, Bodies Corporate,
8,61,27,300
60.59
etc.)
Non Promoter Non Public
0
0
Total
14,21,62,231
100
13,49,46,231
100
As on March 9, 2022.
Pending extinguishment: 8,86,000 Equity Shares. The post Buyback Equity Share Capital is provided assuming extinguishment of all Equity Shares bought back by the Company.
Note: 20,000 equity shares in Promoter and Promoter group category was increased due to merging of demat accounts of one of the promoter group member whose demat account was not consolidated with his existing demat accounts on account of KYC non updation. The same was intimated to Stock Exchanges in shareholding pattern for the quarter ended 31.03.2022.
For Pennar Industries Limited
Mirza
Mohammed
Ali Baig
Digitally signed by Mirza Mohammed Ali Baig Date: 2022.09.22 19:50:21 +05'30'
Mirza Mohammed Ali Baig
Company Secretary & Compliance Officer
ACS 29058
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Pennar Industries Ltd. published this content on 22 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2022 14:39:05 UTC.
Pennar Industries Limited is an engineering company. It is engaged in manufacturing of cold rolled steel strips, precision tubes, cold rolled formed sections, electrostatic precipitators and profiles. Its segments include Diversified engineering and Custom designed building solutions & auxiliaries. It also manufactures railway wagons and coach components, press steel components, hydraulics, road safety systems, galvanized products and solar panels. It provides a range of services, which includes structural engineering services, building information modeling (BIM), plant-product engineering services, industrial automation and IOT & value-added solutions. It serves various industries, including building and infrastructure, oil and gas, automotive value engineering, heavy engineering, rail transportation, and other industries. It has manufacturing facilities at Patancheru, Isnapur, Velchal, Sadashivpet in the state of Telangana, Chennai and Hosur in Tamil Nadu, Tarapur in Maharashtra.