Capricon Industrials Ltd.

SAT-appeal

• 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
• Creeping acquisition beyond 5% in 12 months by 15%+/55%+ holders with PACs without public announcement under Reg 11 read with Reg 14 of SAST Regulations, 1997
• 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 beyond 5% in 12 months by 15%-75% holders without public announcement under Reg 11(1)/11(2) r/w 14(1) SAST Regulations, 1997
  14 appeals heard together and disposed by common SAT order dated 14.10.2016 (operative result truncated in excerpt)
  Appeal: 14 Appeals Nos. 470, 471, 472, 474, 475, 476, 477, 478, 479, 481, 482, 483, 484, 485 of 2015 heard together, SAT order dated 14.10.2016
• Acquisition of >5% shares in 12 months by 15%-75% holders (and 55%-75% holders) without public announcement under Reg 11(1)/11(2) r/w Reg 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 taken together and disposed by common SAT order dated 14.10.2016