With reference to email dated 19th October, 2018 received from BSE and 16th October, 2018 received from NSE and the telephonic discussion with their listing compliance team, Mahan Synthetic Textiles has informed about submission of disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on account of transfer of 2,00,000 equity shares by the company held in The Mandhana Retail Ventures to Vayoonandan Finance Co. on 9th October, 2018 as a collateral for the credit facility availed.
The above information is a part of company’s filings submitted to BSE.