News Announcement

ASK Automotive: Updates on Notice of Offer for Sale of Shares by Promoter

With reference to the earlier letter dated September 25 2024 regarding Notice of Offer for Sale of Shares by Promoter & Floor Price ASK Automotive Ltd has now informed BSE that :

"I Kuldip Singh Rathee being one of the promoters of the Company (the "Seller") refer to the Notice dated September 25 2024 ("Notice") sent by the Seller to the Stock Exchanges wherein the Seller proposed to sell up to 1 08 42 843 Equity Shares in aggregate representing 5.50% of the total paid-up Equity Share capital of the Company ("Base Offer Size") on September 26 2024 ("T Day") (for non-retail investors only) and on September 27 2024 ("T+1 Day") (for retail investors and for such non-retail investors who choose to carry forward their un-allotted bids to T+1 Day) with an option to additionally sell up to 10 84 284 Equity Shares (representing 0.55% of the total paid-up Equity Share capital of the Company) (the "Oversubscription Option" and in the event the Oversubscription Option is exercised the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will in aggregate be referred to as the "Offer Shares". In the event such Oversubscription Option is not exercised the Equity Shares forming part of the Base Offer Size will be referred to as the "Offer Shares" through the separate designated window of BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE" and together with BSE the "Stock Exchanges") collectively representing 6.05% of the total paid up equity share capital of the Company and such offer hereinafter referred as the "Offer").

In this connection the Seller wishes to exercise the Oversubscription Option to the extent of 10 84 284 Equity Shares (representing 0.55% of the total paid-up equity share capital of the Company) in addition to 1 08 42 843 Equity Shares of the Company (representing 5.50% of the total paid-up equity share capital of the Company) forming part of the Base Offer Size. Accordingly the total Offer Size will be up to 1 19 27 127 Equity Shares (representing 6.05% of the total paid up equity share capital of the Company) of which 11 92 713 would be available as part of the Offer for Retail Category on T+1 day i.e. September 27 2024.

All capitalised terms not defined in this intimation letter shall have the same meanings as ascribed to them in the Notice."


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