NRB Industrial Bearings : Disclosure under SEBI Takeover Regulations

About this update from Nrb Industrial Bearings Ltd.

Harshbeena Sahney Zaveri Date: June 21, 2022 To, To, BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department Exchange Plaza, Plot no. C/1, G Block, Bandra- 1 st Floor, P.J. Towers, Dalal Street Kurla Complex Bandra (E) Mumbai - 400 051. Mumbai 400 001 Scrip Code: NIBL Scrip Code: 535458 Dear Sir/Madam, Sub:-Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 as amended I, the undersigned, being the acquirer, do and hereby submit this disclosure under regulation 10 (5) regarding intimation in respect of acquisition of 16,15,282 equity shares of face value of Rs.2.00/- each of NRB Industrial Bearings Limited pursuant to regulation 10 (a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 as amended. You are requested to kindly take note of the above intimation. Thanking You, Yours faithfully, ________________________ Harshbeena Sahney Zaveri Encl:- As above 4, Shangri La, 27 A, Carmichael Road, Mumbai 400 026 Format for Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 1. Name of the Target Company (TC) NRB Industrial Bearings Limited 2. Name of the acquirer(s) Ms. Harshbeena Sahney Zaveri 3. Whether the acquirer(s) is/ are promoters of the TC Yes. 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 shares are i. Bhupinder Singh Sahney to be acquired ii. Brijween Kaur Sahney iii. Deepika Sahney iv. Jasmine Sahney Pillai b. Proposed date of acquisition On or after June 28, 2022 c. Number of shares to be acquired from each person mentioned in 4(a) above Name No. of % of Shares Shareholdi ng Bhupinder 2,40,432 0.99% Singh Sahney Brijween 6,29,850 2.60% Kaur Sahney Deepika 3,73,425 1.54% Sahney Jasmine 3,71,575 1.53% Sahney Pillai d. Total shares to be acquired as % of share 16,15,282 (6.67%) capital of TC e. Price at which shares are proposed to be Rs. 17.75 per share acquired f. Rationale, if any, for the proposed transfer - 5. Relevant sub-clause of regulation 10(1)(a) under Regulation 10 (1) (a) (ii) of SEBI which the acquirer is exempted from making open (Substantial Acquisition of Shares and offer Takeovers) Regulations, 2011 6. If, frequently traded, volume weighted average Weighted Average Market Price for a period market price for a period of 60 trading days of 60 trading days preceding the date of preceding the date of issuance of this notice as issuance of this notice traded on the stock exchange where the maximum NSE : Rs. 23.61 per share volume of trading in the shares of the TC are recorded during such period. 7. If in-frequently traded, the price as determined in Not Applicable terms of clause (e) of sub-regulation (2) of regulation 8. 8. Declaration by the acquirer, that the acquisition I hereby declare that the acquisition price price would not be higher by more than 25% of the would not be higher by more than 25% price computed in point 6 or point 7 as applicable. of the price computed in point 6. i. Declaration by the acquirer, that the transferor I hereby declare that the transferors and I 9. and transferee have complied (during 3 years prior have complied ( during 3 years prior to the to the date of proposed acquisition) / will comply date of proposed acquisition) / will with applicable disclosure requirements in Chapter comply with applicable disclosure of the Takeover Regulations, 2011 requirements in Chapter V of the (corresponding provisions of the repealed Takeover Regulations, 2011. Takeover Regulations, 1997) The aforesaid disclosures made during The aforesaid disclosures made during previous 3 years prior to the date of proposed the previous 3 years prior to the date of acquisition to be furnished. proposed acquisition are enclosed herewith as Annexure A. 10. Declaration by the acquirer that all the conditions I hereby declare that all the conditions specified under regulation 10(1)(a) with respect to specified under regulation 10(1)(a) of exemptions has been duly complied with. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with respect to exemptions have been duly complied with. 11. Shareholding details Before the After the proposed proposed transaction transaction No. of % w.r.t No. of % w.r.t shares total shares total /voting share /voting share rights capital of rights capital TC of TC a Acquirer(s) and PACs (other than sellers)(*) Aarti Devesh Sahney 1,99,114 0.82 1,99,114 0.82 Deveshsingh Trilochansingh Sahney 11,65,83 4.81 11,65,83 4.81 0 0 Hanwantbirkaur Trilochansingh Sahney 12,43,00 5.13 12,43,00 5.13 0 0 Mallika Sahney 6,55,777 2.71 6,55,777 2.71 Trilochan Singh Sahney 17,83,10 7.36 17,83,10 7.36 1 1 Trilochan Singh Sahney Trust 2 94,38,91 38.95 94,38,91 38.95 0 0 Ambita Sahney 3,73,175 1.54 3,73,175 1.54 Anjana Sahney Thakker 3,73,200 1.54 3,73,200 1.54 Harshbeena Sahney Zaveri 10,97,19 4.53 27,12,481 11.19 9 Sub Total 1,63,29,3 67.40 1,79,44,5 74.06 06 88 b Seller (s) Bhupinder Singh Sahney 2,40,432 0.99 0 0.00 Brijween Kaur Sahney 6,29,850 2.60 0 0.00 Deepika Sahney 3,73,425 1.54 0 0.00 Jasmine Sahney Pillai 3,71,575 1.53 0 0.00 Sub Total 16,15,28 6.67 0 0.00 2 Total 1,79,44,5 74.06 1,79,44,5 74.06 88 88 Note: (*) Shareholding of each entity may be shown separately and then collectively in a group. The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers. Harshbeena Sahney Zaveri Acquirer Place: USA Date: June 21, 2022 This is an excerpt of the original content. To continue reading it, access the original document here .

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