SOLAR INDUSTRIES INDIA LIMITED

Transcription

1 SOLAR NDUSTRES NDA LMTED REGO.OFFCE : 11, ZADE LAYOUT, BHARAT NAGAR, NAGPUR , (M.S.) NDA. PHONES: , FAX : CN : L74999MH1995PLC e mai! solar@solargroup.com website : Date: National Stock Exchange of ndia Limited Mumbai: Trading Symbol: "SOLARNDS EQ" BSE Limited Mumbai: Scrip Code: Sub: Disclosure of lnter-se Transfer of Shares between the Promoters / Promoters group in accordance with Regulation 10 (5) of SEB (SAST) Regulation, Dear Sir, Pursuant to the Regulation 30 read with Schedule ll of SEB (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 3 of SEB (Prohibition of nsider Trading) Regulation 2015, we would like to inform your that the Company has received an information from the following persons that they are in process of inter se transfer of shares amongst themselves through an off market transaction in terms of oral partition of family and in terms of the family settlement agreement. The details of the same are as under: Date of Name of the person Name of the No of Shares % of holding Transaction ( belongs to promoter Transfree / Donee proposed to be group ) Transferor / transferred by Donor) way of Gift Kai lashchand ra N Shri Kailashchandra 25,05, % NuwalHUF Nandlal Nuwal Nandlalji Bodulalji Shri Kailashchandra 8, % Nuwal HUF Nandlal Nuwal Satyanarayan Nandlal Shri Kai lashchandra 6,30, % Nuwal Nandlal Nuwal

2 SOLAR NDUSTRES NDA LMTED REGO.OFFCE : 11, ZADE LAYOUT, BHARAT NAGAR, NAGPUR , (M.S.) NDA. PHONES: , , FAX : CN : L74999MH1995PLC e-mai! : solar@solargroup.com website : This being an nter se transfer of shares amongst Promoter Group, the same falls within the exemption { under Regulation 10 (1 )(a)(i) and 10 (1 )(a)(ii) provided under SEB (SAST) Regulation, 2011}. This is in nature of transfer of shares through an off Market transaction amongst Promoters. The Aggregate holding of the Promoter and Promoter Group before and after the above inter se transaction remains the same (details individually enclosed). n this connection necessary disclosure under Regulation 10 (5) for the above said acquisition in prescribed format, as submitted by the Acquirer is enclosed herewith for your kind information and records. Yours Truly, Compliance Officer

3 Kailashchandra Nandlal Nuwal C-14, Sec Shashtri Nagar, Bhilwara Rajasthan Dater listing Department National Stock Exchange of ndia limited Bombay Stock Exchange limited Mumbai: Mumbai: Trading Symbol: "SOLARNDS EQ" Scrip Code: Mrs. Khushboo Pasart a Company Secretary Compliance Officer Solar ndustries ndia Limited 11, Zade layout, Bharat Nagar, Nagpur Sub: nter-se Transfer of Shares amongst the Promoters through an off Market transaction. Ref: Disclosure pursuant to Regulation 10 (5) of SEB (Substantial Acquisition of shares and Takeover) Regulation Dear Sir, n compliance with the provisions of Regulation 10 (1) (a) (i) read with regulation 10 (5) of SEB (Substantial Acquisition of shares and Takeover) Regulation 2011,, Kailashchandra. Nandlal Nuwal, Promoter, of Solar ndustries ndia Limited (The Company) resident at C-14, Sec: Shashtri Nagar, Bhilwara Rajasthan, hereby submit the disclosure with regard to proposed acquisition of Equity Shares of Solar ndustries ndia Limited by me as mter-se transfer of shares, as per oral partition of family and in terms of the family settlement agreement, through an off market transactfon, duly signed by me, for your information and record. Yours Truly, Kailashchandra Nandlal Nuwal Acqufrer Promoter

4 Kailashchandra Nandlal Nuwal C-14, Sec Shashtri Nagar, Bhilwara Rajasthan Format for Disclosures under Regulation 10(5) - ntimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEB (Substantial Acquisition of Shares and Takeovers) Regulations Particulars No. Details Solar ndustries ndia Limited 1. Name of the Target Company (TC) Name of the acqutrerts) Whether the acquirer(s) is/ are promoters of the TC prior to the transaction. f not, nature of relationship or association with the TC or its promoters Details of the proposed acquisition Name of the person(s) from a. whom shares are to be acquired b. Proposed date of acquisition l f 4. C. j BSE Scrip Code: NSE Trading Symbol: "SOLARNDS EQ" Shri Kailashchandra Nandlal Nuwal Yes, Shri KaHashchandra Nandtal Nuwal is one of the Promoter of Target Company. 1. KALASHCHANDRA N NUWAL HUF 2. NANDLAU BODULAU NUWAL HUF 3. SHR SATYANARAYAN NANDLAL NUWAL On or after ,05,625 Equity Shares Number of shares to be acquired from each person mentioned in 4(a) above 2. 8,243 Equjty Shares 3. 6,30,000 Equity Shares Total 31,43,868 Equity Shares l % d. Total shares to be acquired as % of Share capital of TC % % Total %! ' 5.!! e. Price at which shares are proposed to be acquired Nil f. Rationale if any, for the proposed transfer tnter-se transfer of shares amongst promoters of the Company, as per oral partition of family and in terms! j of the family settlement agreement. Relevant sub-clause of regulation 10(1 )(a) under which the acquirer is exempted from making open offer Regulation 10 (1 )(a) (i) and 10(1 )(a)(i1) of SEBl (SAST} Regulation, 2011

5 Kailashchandra Nandlal Nuwaf C-14, Sec Shashtri Nagar, Bhilwara Rajasthan f, l j 6.! 17. ' 8. j l ' frequently traded, volume weighted average market price for a period of 60 trading days preceding the date of issuance of this notice as traded on the stock Not Applicable exchange where the maximum volume of trading in the shares of the TC are recorded during such period. f in-frequently traded, the price as Not Applicable determined in terms of clause (e) of sub-regulation (2) of regulation 8. Declaration by the acquf rer, that the acquisition price would not be higher by more than 25% of the price Not Applicable computed in point 6 or point 7 as applicable. Declaration by the acquirer, that the transferor and transferee have complied will Yes, the transferor and transferee have complied comply with applkable disclosure will comply with applicable disclosure requirement in requirements in Chapter V of the Chapter V of the Takeover Regulation, Takeover Regulation, 2011 ( corresponding provision of the repealed Takeover Regulation 1997) Declaration by the acqutrer that all hereby declare that all the conditions specified the conditions specified under under regulation 10 (1) (a) with respect to exemption regulation 10(1 )(a) with respect to has been complied with. exemptions has been duly complied with. Shareholding details Before the proposed After the proposed transaction transaction %w.r.t %w.r.t No. of No. of total total Shares Shares Share Share Voting Voting Capital Capital rights rights of TC of TC Acquirer(s) and (other than a. PACs sellersjt") SHR KALASHCHANDRA NANDLAL NUWAL 1,77,39, % 2,08,82, m%

6 Kailashchandra Nandlal Nuwal C-14, Sec Shashtri Nagar, BhiJwara Rajasthan b. Seller (s)/ Gift by KALASHCHANDRA N NUWAL b(i) 25, %.. HUF.. NANDLAU BODULAU NU WAL b(ll) 1 HUF 21, % 20,98, %. -.. :~ATYANARAYAN NANDLAL 2,03,43, % 1,97, 13, % b(m) NUWAL Kailashchandra Nandlal Nuwal Acquirer Promoter Date: Place:- Bhilwara -::-,,_.,..._..,,...,,, _

7 Kallashchandra Nandlal Nuwal C-14, Sec Shashtri Nagar, Bhilwara Rajasthan Date: listing Department National Stock Exchange of ndia Limited Bombay Stock Exchange Limited Mumbai: Trading Symbol: "SOLARNDS EQ" Mumbai: Scrip Code: Dear Sir Madam,, Undersigned here undertake and confirm as under With respect to proposed inter se transfer of shares in terms of Regulation 10(1)(a)(i) & 10(1)(a)(ii) of SEB (SAST) Regulations, 2011 and subsequent amendments thereto that: 1. propose to acquire; a. 25,05,625 Equity Shares of Solar ndustries ndia Limited from Kailashchandra Nandlal NuwalHUF. b. 8,243 Equity Shares of Solar ndustries ndia Limited from Nandlalji Bodulalji Nuwal HUF. c. 6,30,000 Equity Shares of Solar ndustries ndia Limited from Shri Satyanarayan Nandlal Nuwal, The above mentioned acquisition will be an inter-se transfer of shares between promoters, as per oral partition of famity and in terms of the family settlement agreement, through an off market transaction. 2. The transferor and transferee have complied with the applicable provisions of Chapter of SEB (SAST) Regulations, 1997 and Chapter V of SEB (SAST) 'Regulations, All the applicable conditions as mentioned in Regulation 10(1 )(a) of SEB (SAST) Regulations, 2011 with respect to exemption have been duly complied with. Yours Truly, Kailashchandra Nandlal Nuwal Acquirer Promoter

8 SOLAR NDUSTRES NDA LMTED REGO.OFFCE : 11, ZADE LAYOUT, BHARAT NAGAR, NAGPUR , (M.S.) NOA. PHONES: , , FAX : CN : L74999MH1995PLC e mai! solar@solargroup.com website : Date: National Stock Exchange of ndia Limited Mumbai: Trading Symbol: "SOLARNDS EQ" Bombay Stock Exchange Limited Mumbai: Scrip Code: Sub: Disclosure for intimation received from Mr. Kailashchandra Nandlal Nuwal for acquisition of equity shares of the Company. Dear Sir, We have received intimation from Mr. Kailashchandra Nandlal Nuwal (Vice Chairman & Executive Director of the Company) pursuant to regulation 7(2) of the SEB (Prohibition of nsider Trading) Regulations, 2015 and Regulation 29(2) of the SEB (Substantial Acquisition of Shares and Takeover) Regulations, 2011 regarding acquisition of 31,43,868 number of equity shares comprising % of the paid up share capital of the Company. After the said acquisition the total shareholding of the Mr. Kailashchandra Nandlal Nuwal is 2,08,82, 963 shares comprising % of the paid up share capital of the Company. n this regard we are submitting herewith the disclosure received from Mr. Kailashchandra Nandlal Nuwal pursuant to regulation 7(2) of the SEB (Prohibition of nsider Trading) Regulations, 2015 and Regulation 29(2) of the SEB (Substantial Acquisition of Shares and Takeover) Regulations, This is for your information and record. Kindly acknowledge the receipt of the same. Thanking you. Yours Truly, (Khu hboo Pasari) Com any Secretary ft Compliance Officer

9 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Date:- 08/01/2019 Bhilwara National Stock Exchange of ndia Limited Mumbai: Trading Symbol: "SOLARNDS EQ" Bombay Stock Exchange Limited Mumbai: Scrip Code: Sub: Disclosure under Regulation 10 ( 6) of SEB (Substantial Acquisition of Share and Takeover) Regulation, Dear Sir, n terms of disclosure under Regulation 10 (6) SEB (Substantial Acquisition of Share and Takeover) Regulations, 2011,, Kailashchandra Nandlalji Nuwal, Promoter, of Solar ndustries ndia Limited (The Company) resident at C- 14 Sec Shashtri Nagar, Bhilwara , hereby submit the disclosure with regard to acquisition of equity shares of Solar ndustries ndia Limited by me as inter-se transfer of shares, as per oral partition of family and in terms of the family settlement agreement, through an off market transaction, duly signed by me, for your information and record. Yours Truly, ~/ Kailashchandra Nandlalji Nuwal Acquirer Promoter CC: - Mrs. Khushboo Pasari Company Secretary and Compliance Officer Solar ndustries ndia Limited 11, Zade Layout, Bharat Nagar Nagpur

10 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara Format for Disclosures under Regulation 10(6) -Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEB (Substantial Acquisition of Shares and Takeovers) Regulations, Name of the Target Company Solar ndustries ndia Limited (TC) BSE Scrip Code: NSE Trading Symbol: "SOLARNDS EQ" 2. Name of the acquirer(s) Shri Kailashchandra Nandlalji Nuwal 3. Name of the Stock Exchange BSE Limited where shares of the TC are Listed National Stock Exchange of ndia Limited 4. Details of the transaction lnter-se transfer of , 8243 & Equity including rationale, if any, Shares from Kailashchandra N Nuwal HUF, Nandlalji for the transfer/ acquisition Bodulalji Nuwal HUF & Shri Satyanarayan Nandlal Nuwal of shares. respectively to Shri Kailashchandra Nandlalji Nuwal, promoter of the Company, as per oral partition of family and in terms of the family settlement agreement. 5. Relevant regulation under which Regulation 10 (1)(a) (i) and 10(1)(a)(ii) of SEB (SAST) the acquirer is exempted from Regulation, making open offer 6. Whether disclosure of proposed The disclosure of proposed acquisition was required acquisition was required to be made to be made under regulation 10(5 ). under regulation 10 (5) and if so, - Whether it was made within Yes, declaration under Regulation 10 (5) was made the timeline specified under the regulation. - Date of filing with the Stock exchange within the stipulated time specified under the SEB (SAST) Regulation Details of acquisition Disclosures required to be Whether the disclosures made under regulation under Regulation 10(5) 10 (5) are actually made a. Name of the Transferor i. Kailashchandra N Nuwal Yes HUF ii. Nandlalji Bodulalji Nuwal HUF & iii. Shri Satyanarayan Nandlal Nuwal

11 .' Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara b. Date of Proposed acquisition OS C. Number of shares/voting i. 25,05,625 Equity Shares rights in respect of the ii. 8,243 Equity Shares acquisition from each iii. 6,30,000 Equity Shares person mentioned in 7 (a) Total 31,43,868 Equity Shares above d. Total shares proposed to be i. 25,05,625 Equity Shares ( %) acquired/ actually acquired ii. 8,243 Equity Shares (0.0091%) as a % of diluted Share iii. 6,30,000 Equity Shares (0.6962%) Capital TC Total 31,43,868 Equity Shares (3.4743%) e. Price at which shares are Nil proposed to be acquired / actually acquired 8. Shareholding Details Pre- transaction Post-transaction No of % w. r. t. total No of shares % w.r.t. shares share capital held total held of TC share capital of TC a. Each Acquirer / Transferee Kailashchandra Nandlalji 1, 77,39, % 2,08,82, % Nuwal b. Each Seller / Transferor i. Kailashchandra N Nuwal HUF 25,05, % - - LJ Date: - 08/01/2019 Place: - Nagpur ii. Nandlalji Bodulalji Nuwal HUF 8.: iii. Shri Satyanarayan Nandlal Nuwal 21,06, % 20,98, % 2,03,43, % 1,97,13, % {tr,-- Kailashchandra Nandlalji Nuwal Acquirer Promoter

12 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara Date: - 08/01/2019 National Stock Exchange of ndia Limited Mumbai: Trading Symbol: "SOLARNDS EQ" Bombay Stock Exchange Limited Mumbai: Scrip Code: Mrs. Khushboo Pasari Company Secretary & Compliance Officer Solar ndustries ndia Limited 11, Zade Layout, Bharat Nagar, Nagpur Sub: Disclosure under Regulation 29 (1) & 29 (2) of SEB (Substantial Acquisition of Share and Takeover) Regulation, Dear Sir/Madam, With reference to the aforementioned subject, please find enclosed herewith the disclosure as per Regulation 29 (1) & 29 (2) of SEB (Substantial Acquisition of Share and Takeover) Regulation,, Kailashchandra Nandlalji Nuwal, Promoter, of Solar ndustries ndia Limited (The Company) resident at C- 14 Sec Shashtri Nagar, Bhilwara , hereby submit the disclosure with regard to proposed acquisition of Equity Shares of Solar ndustries ndia Limited by me as inter-se transfer of shares, as per oral partition of family and in terms of the family settlement agreement through an off market transaction, duly signed by me, for your information and record. Yours Truly, Kailashchand1~ji Nuwal Acquirer Promoter Encl: Disclosure

13 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara Format for disclosures under Regulation 29(1) & 29 (2) of SEB (Substantial Acquisition of Shares and Takeovers) Regulations, Name of the Target Company (TC) Solar ndustries ndia Limited BSE Scrip Code: NSE Trading Symbol: "SOLARNDS EQ" Name(s) of the acquirer and Persons Shri Kailashchandra Nandlalji Nuwal - Acquirer Acting in Concert (PAC) with the PAC: as per Annexure "A" acquirer Whether the acquirer belongs to Yes Promoter/ Promoter group Name(s) of the Stock Exchange(s) 1. BSE Limited where the shares of TC are Listed 2. National Stock Exchange of ndia Limited Details of the acquisition as follows Number % w.r.t. total % w.r.t. total diluted #Before the acquisition of shares by inter-se transfer of shares i.e nter se transfer amongst Promoters through an off Market Transaction: share/voting capital share/voting capital wherever applicable(*) of the TC (**) a)shares carrying voting rights 1, 77,39, % % b)shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) c)voting rights (VR) otherwise than by shares d)warrants/ convertible securities/ any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category) e)total (a+b+c+d) 1, 77,39, % %

14 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara Details of acquisition a)shares carrying voting rights 25,05, % % acquired+--sgw Equity Shares 8, % % Equity Shares 6,30, % % Equity Shares J b) VRs acquired +--5GW otherwise than by equity shares c)warrants/ convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category ) acquired 1-seW d) Shares in the nature of encumbrance(pledge /lien/ non- disposal undertaking/ others) e)total (a+b+c+d) 31,43, % % #After the acquisition holding of acquirer along with PAcs of: a)shares carrying voting rights 2,08,82, % % b)vrs otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. d) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others) e)total (a+b+c+d) 2,08,82, % %

15 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Mode of acquisition / sale (e.g. open Bhilwara NTER SE TRANSFER AMONGST PROMOTERS THROUGH AN OFF market / off-market public issue / MARKET TRANSACTON. rights issue / preferential allotment / inter-se transfer etc). Salient features of the securities acquired including time till redemption, ratio at which it can be converted into equity shares, etc. Date of acquisition of /date of receipt of intimation of allotment of N.A shares/ VR/ warrants/ convertible securities/ any other instrument that entitles the acquirer to receive shares in the TC. Equity share capital / total voting Equity Shares of Rs. 2/- each capital of the TC before the said acquisition / sale Equity share capital/ total voting Equity Shares of Rs. 2/- each capital of the TC after the said acquisition / sale Total diluted share/voting capital of Equity Shares of Rs. 2/- each the TC after the said acquisition Kailashchandra Nandlalji Nuwal Acquirer Promoter Date:- 08/01/2019 Place: - Nagpur

16 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara Part-B Name of the Target Company: Solar ndustries ndia Limited Name(s) of the acquirer and Whether the acquirer belongs to PAN of the acquirer and/ or PACs Persons Acting in Concert (PAC) Promoter/ Promoter group with the acquirer Kailashchandra Nandlalji Nuwal Yes AAUPN0201E ~~/ Kailashchandra Nandlalji Nuwal Acquirer Promoter Date:- 08/01/2019 Place: - Nagpur

17 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara Annexure A Name(s) of the acquirer and Whether the acquirer belongs to PAN of the acquirer and/ or PACs Persons Acting in Concert (PAC) Promoter/ Promoter group with the acquirer Satyanarayan Nandlalji Nuwal AAUPN0199B Kailashchandra Nandlalji Nuwal Yes AAUPN0201E ndira Kailashchandra Nuwal AAUPN0200F Manish Satyanarayan Nuwal AAZPN3399J Kailashchandra Nuwal HUF AABHK2285C Nandlalji Bodulalji Nuwal HUF AAAHN7299C Seema Manish Nuwal ACPN9828P Rahul Kailashchandra Nuwal AEQPN4162A ~~/ Kailashchandra Nandlalji Nuwal Acquirer Promoter Date:- 08/01/2019 Place: - Nagpur

18 Kailashchandra Nandlalji Nuwal C- 14 Sec Shashtri Nagar Bhilwara Date: National Stock Exchange of ndia Limited Mumbai: Trading Symbol: "SOLA~lNDS EQ" Bombay Stock Exchange Limited Mumbai: Scrip Code: Mrs. Khushboo Pasari Company Secretary i Compliance Officer Solar ndustries ndia Limited 11, Zade Layout, Bharat Nagar, Nagpur Sub: Disclosure under Regulation 7(2) of SEB (Prohibition of nsider Trading) Regulations, Dear Sir/Madam, With reference to the aforementioned subject, please find enclosed herewith the disclosure under Regulation 7(2) of SEB (Prohibition of nsider Trading) Regulations, 2015., Kailashchandra Nandlalji Nuwal, Promoter, of Solar ndustries ndia Limited (The Company) resident at C- 14 Sec Shashtri Nagar, Bhilwara , hereby submit the disclosure with regard to acquisition of Equity Shares of Solar ndustries ndia Limited by me as inter-se transfer of shares, as per oral partition of family and in terms of the family settlement agreement through an off market transaction, duly signed by me, for your information and record. Yours Truly, 1::V Kailashchandra Nandlalji Nuwal Acquirer Promoter Encl: Disclosure

19 (.., "FORM C" Securities and Exchange Board of ndia (Prohibition of nsider Trading) Regulations, 2015 [Regulations 7(2) read with Regulation 6 (2) - Continual Disclosure] Name of the Company: Solar ndustries ndia Limited CN of the Company: L74999MH1995PLC SN of the Company: NE343H0102<.? Details of change in holding of Securities of Promoter, Employee or Director of a listed company and other such persons as mentioned in Regulation 6(2). Securities acquired disposed Date of Mode of Name, PAN, CN Category of Securities held prior Securities held post Date of allotment DN Et address with persons to acquisition acquisition disposal advice acquisition of ntimation acquisition/ contact nos. (Promoters Disposal shares sale of shares to the disposal (on KMP specify Company market/ public/ rights! Directors preferential immediate relatives to offer/ off Type of No. and% Type of No. Value Transaction Type of No. and% of From To markets/ nter others Security of share Security Type (Buy/ Security shareholding se transfer etc.) holding Sell/ ESOPs etc) pledge etc) Kailashchandra Promoter Equity 1,77,39,095 Equity 25,05,625 NiL-G-,"~ Buy Equity 2,,08,82,963 DS ' lnter-se transfer Nandlalji Nuwal Shares Shares % (2.7690%) Shares of shares lnter-se % amongst the DN: ,243 transfer of promoters (0.0091%) shares amongst through an off PAN:AAUPN0201E the promoters market 6,30,000 through an off transaction. (0.6962%) market C- 14 Sec Shashtri transaction in Nagar, Bhilwara - terms of the oral partition of family and in terms of the family settlement agreement. Note: - 'Securities' shall have the meaning as defined under regulation 2(1) (i) of SEB (Prohibition of nsider Trading) Regulation, 2015.

20 Details of trading in derivatives of the Company by Promoter, Employee or Director of a Listed Company and other such persons as mentioned in Regulation 6(2) Trading in derivatives (Specify type of Contract, Futures or Options etc.) Type of Contract Contract Specifications Buy Sell Exchange on which trade was executed Notional Value Number of Units Notional Value Number of Units (Contracts * lot size) ( Contracts * lot size) Kailashchan!~alji Nuwal Acquirer Promoter Date: 08 / ci1.12..oj-9 Place: Nagpur

21 SOLAR NDUSTRES NDA LMTED REGO.OFFCE : 11, ZADE LAYOUT, BHARAT NAGAR, NAGPUR , M.S.) NOA. PHONES: , , FAX : CN : L74999MH1995PLC solar@solargroup.com website : Date: National Stock Exchange of ndia Limited Mumbai: Trading Symbol: "SOLARNDS EQ" Bombay Stock Exchange Limited Mumbai: Scrip Code: Sub: Disclosure for intimation received from Kailashchandra N Nuwal HUF for disposal of equity shares of the Company. Dear Sir, We have received intimation from Shri Kailashchandra Nandlal Nuwal on behalf of Kailashchandra N Nuwal HUF (promoter of the Company) pursuant to regulation 7(2) of the SEB (Prohibition of nsider Trading) Regulations, 2015 and Regulation 29(2) of the SEB (Substantial Acquisition of Shares and Takeover) Regulations, 2011 regarding disposal of 25,05,625 number of equity shares comprising % of the paid up share capital of the Company. After the said disposal Kailashchandra N Nuwal HUF will not hold any shares of the Company. n this regard we are submitting herewith the disclosure received from Shri Kailashchandra Nandlal Nuwal on behalf of Kailashchandra N Nuwal HUF pursuant to regulation 7(2) of the SEB (Prohibition of nsider Trading) Regulations, 2015 and Regulation 29(2) of the SEBl(Substantial Acquisition of Shares and Takeover) Regulations, This is for your information and record. Kindly acknowledge the receipt of the same. Thanking you. r ndustries ndia Limited (Khu hboo Pasari) Com any Secretary & Com, liance Officer

22 Kailashchandra N Nuwal HUF 11, Zade Layout, Bharat Nagar, Nagpur Date: National Stock Exchange of ndia Limited Mumbai Trading Symbol: "SOLARNDS EQ" BSE Limited Mumbai Scrip Code: Mrs. Khushboo Pasari Company Secretary & Compliance Officer Solar ndustries ndia Limited 11, Zade Layout, Bharat Nagar, Nagpur Sub: Disclosure under Regulation 29 (2) of SEB (Substantial Acquisition of Share and Takeover) Regulation, Dear Sir, n terms of disclosure under Regulation 29 (2) SEB (Substantial Acquisition of Share and Takeover) Regulations, 2011,, Kailashchandra N Nuwal, Karta of Kailashchandra N Nuwal HUF Promoter, of Solar ndustries ndia Limited (The Company ) resident at C-14, Sec Shashtri Nagar, Bhilwara , hereby submit the disclosure with regard to the disposal of Equity Shares of the Company, owned by Kailashchandra N Nuwal HUF, as per oral partition of family and in terms of the family settlement agreement through an off market transaction under inter-se transfer of shares, duly signed by me, for your information and record. Yours Truly, 1<~nash ~andra NuW'al (HUF). ~~/. Kailashchandra N Nuwal',ca,- Karta of Kailashchandra N Nuwal HUF Promoter

23 Kailashchandra N Nuwal HUF 11, Zade Layout, Bharat Nagar, Nagpur Format for disclosures under Regulation 29(2) of SEB (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Solar ndustries ndia Limited Name(s) of the transferor/ disposer and Persons Kailashchandra N Nuwal HUF - Transferor Acting in Concert (PAC) with the transferor Shri Kailashchandra Nandlal Nuwal- Acquirer Whether the transferor/ disposer belongs to Yes Promoter/ Promoter group Name(s) of the Stock Exchange(s) where the shares BSE Limited of TC are Listed National Stock Exchange of ndia Limited Details of the acquisition / disposal as follows Number % w. r. t. total % w.r.t. total share/voting diluted capital share/voting wherever capital of the applicable(*) TC (**) #Before the disposition of shares by inter-se transfer of shares i.e nter se transfer amongst Promoters through an off Market Transaction: a)shares carrying voting rights 25,05, % % b)shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) c)voting rights (VR) otherwise than by shares d) Warrants/convertible securities/ any other instrument that entitles the acquirer to receive -. - shares carrying voting rights in the TC (specify holding in each category) e)total (a+b+c+d) 25,05, % % Details of acquisition/sale a)shares carrying voting rights aeejuifeel,lsold 25,05, % % b) VRs aeejuifeel /sold otherwise than by shares... c)warrants/ convertible securities/any other... instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered / invoked/released by the acquirer...,<auaah Chandra.Nu_w~(~Uf J '\ ~/~ ~ '{...- ~*

24 Kailashchandra N Nuwal HUF 11, Zade Layout, Bharat Nagar, Nagpur e)total (a+b+c+d) 25,05, % % #After the disposition holding of: a)shares carrying voting rights b)shares encumbered with the acquirer c)vrs otherwise than by shares d)warrants/ convertible securities/ any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. e)total (a+b+c+d) Mode of acquisitien sale (e.g. open market/ off-market/ public issue/ rights issue/ preferential allotment / inter-se transfer etc) NTER SE TRANSFER AMONGST PROMOTERS THROUGH AN OFF MARKET TRANSACTON. Date of acquisitien / sale of shares / VR or date of 03, receipt of intimation of allotment of shares, whichever is applicable Equity share capital / total voting capital of the TC before the said acquisitien sale Equity share capital/ total voting capital of the TC after the said acquisitien / sale Total diluted share/voting capital of the TC after the said acquisitien sale Equity Shares of Rs. 2/- each Equity Shares of Rs. 2/ - each Equity Shares of Rs. 2/- each Note: (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. # No. of Shares mentioned in before and after the acquisition under consideration is of Acquirer Only. Holding of PAC not included, as the same has been included in the disclosure under Regulation 29 (1) of.seb Regulation, 2011 furnished by me. K~du :fil ndra Nu fl f (HUF) Kailashchandra N Nuwal ~ Karta of Kailashchandra N Nuwal HUF Disposer Date: Place: Nagpur

25 Kailashchandra N Nuwal HUF 11, Zade Layout, Bharat Nagar, Nagpur Date: National Stock Exchange of ndia Limited Mumbai: Trading Symbol: "SOLARNDS EQ" Bombay Stock Exchange Limited Mumbai: Scrip Code: Mrs. Khushboo Pasari Company Secretary ft Compliance Officer Solar ndustries ndia Limited 11, Zade Layout, Bharat Nagar, Nagpur Sub: Disclosure under Regulation 7(2) of SEB (Prohibition of nsider Trading) Regulations, 2015 Dear Sir, With reference to the aforementioned subject, please find enclosed herewith the disclosure as per Regulation 7(2) of SEB (Prohibition of nsider Trading) Regulations, 2015., Kailashchandra Nandlal Nuwal, Karta of Kailashchandra N Nuwal HUF Promoter, of Solar ndustries ndia Limited (The Company) resident at C-14 Sec Shashtri Nagar, Bhilwara , hereby submit the disclosure with regard to the disposal of Equity Shares of the Company, owned by Kailashchandra N Nuwal HUF, as per oral partition of family and in terms of the family settlement agreement through an off market transaction under inter-se transfer of shares, duly signed by me, for your information and record. Yours Truly, KaUaah Chandra Nuwal (HUF) ~~' Kailashchandra N Nuwal Karta Karta of Kailashchandra N Nuwal HUF Disposer Promoter Encl: Disclosure

26 "FORM C" Securities and Exchange Board of ndia (Prohibition of nsider Trading) Regulations, 2015 [Regulations 7(2) read with Regulation 6 (2) - Continual Disclosure] Name of the Company: Solar ndustries ndia Limited CN of the Company: L74999MH1995PLC SN of the Company: NE343H01029 Details of change in holding of Securities of Promoter, Employee or Director of a listed company and other such persons as mentioned in Regulation 6(2). Name, PAN, CN Category Securities held prior to Securities acquired disposed Securities held post Date of allotment Date of Mode of acquisition disposal advice acquisition of ntimation acquisition DN Et address with of persons acquisition Disposal shares sale of shares to the disposal contact nos. (Promoter specify Company (on s KMP market! Directors public! rights! immediat Type of No. and% of Type of No. Value Transactio Type of No. and% of From To -pre] erenti e Security share Security n Type Security shareholding al offer! relatives holding (Buy! Sell! off to pledge markets! others etc.) etc) nter se transfer/ ESOPs etc) Kailashchandra N Promoter Equity 25,05,625 Equity 25,05,625 NL- G-if Sell Equity Nil lnter-se Nuwal HUF Shares Shares Shares transfer of shares PAN: AABHK2285C % % lnter-se amongst transfer of the shares 11 Zade Layout, promoters amongst the Bharat Nagar, through an promoters Near Ganesh off market through an off Tower transaction market Nagpur transaction in Maharashtra terms of the oral partition of family and in terms of the family settlement agreement Note: - 'Securities' shall have the meaning as defined under regulation 2(1) (i) of SEB (Prohibition of nsider Trading) Regulation, K~iii:ash Chand1 ft'uwal (HUF) v' \'\ /U\~ Karta

27 Details of trading in derivatives of the Company by Promoter, Employee or Director of a Listed Company and other such persons as mentioned in Regulation 6(2) Trading in derivatives (Specify type of Contract, Futures or Options etc.) Exchange on which trade was executed Type of Contract Contract Specifications Buy Sell Notional Value Number of Units Notional Value Number of Units (Contracts * lot size) (Contracts * lot size) l\lilub Oflandra N~al (HUF) ~ ~ V Karta Kailashchandra N Nuwal Karta of Kailashchandra N Nuwal HUF Disposer Date: Place: Nagpur \