Ahluwalia Contract India Ltd.

SAT-appeal

• Acquisition of shares exceeding the applicable 5% threshold by acquirers and persons acting in concert without making the required public announcement under the SAST Regulations.
  Common order disposing of 14 appeals; operative appellate outcome is not included in the supplied text.
  Appeal: Appeal Nos. 470, 471, 472, 474-479, 481-485 of 2015 heard together; final disposal portion is absent from the supplied text.
• Acquisition of shares exceeding 5% creeping limit by persons holding 15% to 75% without making public announcement under Reg 11 read with Reg 14 of SAST Regulations, 1997
  Appeal: 14 appeals Nos. 470, 471, 472, 474, 475, 476, 477, 478, 479, 481, 482, 483, 484, 485 of 2015 heard together and disposed by common SAT order dated 14.10.2016
• Creeping acquisition exceeding 5% in 12 months by holders of 15%-75% and 55%-75% without public announcement under SAST Reg 11 read with Reg 14.
• Acquisitions exceeding 5% in 12 months by holders of 15%-75% and 55%-75% without public announcement under SAST Reg 11(1)/11(2) r/w 14(1).
  14 appeals heard together and disposed by common SAT order dated 14.10.2016; operative relief truncated in excerpt
  Appeal: Appeal Nos. 470,471,472,474,475,476,477,478,479,481,482,483,484,485 of 2015 heard together and disposed by common SAT order dated 14.10.2016
• Creeping acquisition exceeding 5% in 12 months by 15%+ and 55%+ holders with persons acting in concert without public announcement under Reg 11 r/w 14 of SAST Regulations.
  Appeal: 14 appeals Nos. 470, 471, 472, 474, 475, 476, 477, 478, 479, 481, 482, 483, 484, 485 of 2015 heard together and disposed by common SAT order dated 14.10.2016
• Acquisition of >5% shares/voting rights in 12 months by 15%-75% holders and 55%-75% holders without public announcement under Reg 11(1)/11(2) r/w 14(1) SAST Regulations, 1997.
  Appeal: 14 appeals Nos. 470,471,472,474,475,476,477,478,479,481,482,483,484,485 of 2015 heard together for common question, disposed by common SAT order dated 14.10.2016
• Creeping acquisitions exceeding 5% in 12 months by holders of 15%-75% under Reg 11(1) and 55%-75% under Reg 11(2) without public announcement under Reg 14(1) of SAST Regulations, 1997.
  14 appeals disposed by common SAT order dated 14.10.2016; impugned adjudication penalties were Rs 15 lakh, Rs 15 lakh and Rs 20 lakh
  Appeal: Appeal Nos. 470,471,472,474,475,476,477,478,479,481,482,483,484,485 of 2015 disposed by common SAT order dated 14.10.2016
• Creeping acquisition exceeding 5% in 12 months by persons holding 15%-75% without public announcement under Reg 11 read with Reg 14 SAST Regulations, 1997.
  Appeal: Appeal Nos. 470,471,472,474,475,476,477,478,479,481,482,483,484,485 of 2015 disposed by common SAT order dated 14.10.2016