Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011

Kiran N Mehta has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE

Name of the Target Company (TC) : Varun Industries Ltd
Name of the Promoter(s) on whose shares encumbrance was created/ invoked/ released : Kiran N Mehta
Date of reporting : January 05, 2012
Names of the stock exchanges where the shares of the target company are listed : NSE & BSE

Details of the promoters’ holding(The terms "event" indicates creation /invocation/ release of encumbrance, as the case may be)

Promoter (s) or PACs with him : Kiran N Mehta

1.Pre-event holding
Number : 1,11,81,142
% of total share capital : 38.40%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Creation
Date (s) : December 31, 2011

Post event holding (encumbered shares to be excluded)
Number : 44,55,142
% of total share capital : 15.30%

(*) Details of encumbrance (pledge/lien or others)
Pre-event Pledge : 64,26,000
Event Pledge : 3,00,000
Post -event Pledge : 67,26,000

2.Pre-event holding
Number : 1,11,81,142
% of total share capital : 38.40%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Creation
Date (s) : January 02, 2012

Post event holding (encumbered shares to be excluded)
Number : 43,85,142
% of total share capital : 15.06%

(*) Details of encumbrance (pledge/lien or others)
Pre-event Pledge : 67,26,000
Event Pledge : 70,000
Post -event Pledge : 67,96,000

3.Pre-event holding
Number : 1,11,81,142
% of total share capital : 38.40%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Creation
Date (s) : January 02, 2012

Post event holding (encumbered shares to be excluded)
Number : 43,63,142
% of total share capital : 14.99%

(*) Details of encumbrance (pledge/lien or others)
Pre-event Pledge : 67,96,000
Event Pledge : 22,000
Post -event Pledge : 68,18,000

4.Pre-event holding
Number : 1,11,81,142
% of total share capital : 38.40%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Release
Date (s) : January 03, 2012

Post event holding (encumbered shares to be excluded)
Number : 45,38,142
% of total share capital : 15.59%

(*) Details of encumbrance (pledge/lien or others)
Pre-event Pledge : 68,18,000
Event Release : 1,75,000
Post -event Pledge : 66,43,000

Source : BSE - www.bseindia.com

Published on January 11, 2012
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