Duncans Industries Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Duncans Industries Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : March 25, 2011
Name of the Company : Duncans Industries Ltd
Total no of outstanding shares of the Company : 53223026

Name of the Entity : ISG Traders Ltd

Details of Transaction
Date of Transaction : March 10, 2011
Number of Shares Pledged : 140000 (Pledge)

Aggregate details after the transaction
Total no of shares held by the entity in the company : 24482958
Total No of shares pledged : 24430637*
% of total shares pledged to total no of shares held by the entity in the Company : 99.79%
% of shares pledged to total no of outstanding shares of the Company : 45.90%

*Includes 2,03,83,637 shares (representing 38.30% of the capital of the company and 83.26% of the promoters' holding) pledged in favour of banks/institutions as collateral security for the sanction of credit facility in terms of restructuring under CDR mechanism.

Name of the Entity : ISG Traders Ltd

Details of Transaction
Date of Transaction : March 23, 2011
Number of Shares Pledged : 7000 (Invoke)

Aggregate details after the transaction
Total no of shares held by the entity in the company : 24475958
Total No of shares pledged : 24423637**
% of total shares pledged to total no of shares held by the entity in the Company : 99.79%
% of shares pledged to total no of outstanding shares of the Company : 45.89%

**Includes 2,03,83,637 shares (representing 38.30% of the capital of the company and 83.28% of the promoters' holding) pledged in favour of banks/institutions as collateral security for the sanction of credit facility in terms of restructuring under CDR mechanism.Read More