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Section 1: SC 13G (SCHEDULE 13G)

SCHEDULE 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2

(Amendment No.     )*

 

 

Videocon d2h Limited

(Name of Issuer)

Equity Shares, par value 10 rupees per share

(Title of Class of Securities)

92657J101**

(CUSIP Number)

December 31, 2015

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

** This CUSIP number pertains to the Issuer’s American Depositary Receipts, each representing four equity shares. Beneficial ownership information in this Schedule is provided with respect to equity shares.

 

 

 


CUSIP NO. 92657J101 1   Page 2 of 11 pages

 

  1.   

NAMES OF REPORTING PERSONS

 

Saurabh Pradipkumar Dhoot

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Republic of India

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5.    

SOLE VOTING POWER

 

    0

   6.   

SHARED VOTING POWER

 

    164,468,528

   7.   

SOLE DISPOSITIVE POWER

 

    0

   8.   

SHARED DISPOSITIVE POWER

 

    164,468,528

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    164,468,528

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    39.50%

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    IN

 

1  This CUSIP number pertains to the Issuer’s American Depositary Receipts, each representing four equity shares. Beneficial ownership information in this Schedule is provided with respect to equity shares.


CUSIP NO. 92657J101 1   Page 3 of 11 pages

 

  1.   

NAMES OF REPORTING PERSONS

 

Synergy Appliances Private Limited

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Republic of India

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5.    

SOLE VOTING POWER

 

    0

   6.   

SHARED VOTING POWER

 

    50,418,400

   7.   

SOLE DISPOSITIVE POWER

 

    0

   8.   

SHARED DISPOSITIVE POWER

 

    50,418,400

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    50,418,400

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    12.11%

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO

 

1  This CUSIP number pertains to the Issuer’s American Depositary Receipts, each representing four equity shares. Beneficial ownership information in this Schedule is provided with respect to equity shares.


CUSIP NO. 92657J101 1   Page 4 of 11 pages

 

  1.   

NAMES OF REPORTING PERSONS

 

Solitaire Appliances Private Limited

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Republic of India

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5.    

SOLE VOTING POWER

 

    0

   6.   

SHARED VOTING POWER

 

    50,418,400

   7.   

SOLE DISPOSITIVE POWER

 

    0

   8.   

SHARED DISPOSITIVE POWER

 

    50,418,400

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    50,418,400

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    12.11%

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO

 

1  This CUSIP number pertains to the Issuer’s American Depositary Receipts, each representing four equity shares. Beneficial ownership information in this Schedule is provided with respect to equity shares.


CUSIP NO. 92657J101 1   Page 5 of 11 pages

 

  1.   

NAMES OF REPORTING PERSONS

 

Greenfield Appliances Private Limited

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Republic of India

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5.    

SOLE VOTING POWER

 

    0

   6.   

SHARED VOTING POWER

 

    50,418,400

   7.   

SOLE DISPOSITIVE POWER

 

    0

   8.   

SHARED DISPOSITIVE POWER

 

    50,418,400

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    50,418,400

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    12.11%

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO

 

1  This CUSIP number pertains to the Issuer’s American Depositary Receipts, each representing four equity shares. Beneficial ownership information in this Schedule is provided with respect to equity shares.


  Page 6 of 11 pages

 

Item 1(a). Name of Issuer:

Videocon d2h Limited

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

1st Floor, Techweb Centre

New Link Road

Oshiwara Jogeshwari (West)

Mumbai 400 102 Maharashtra, India

 

Item 2(a). Name of Persons Filing:

Saurabh Pradipkumar Dhoot

Synergy Appliances Private Limited

Solitaire Appliances Private Limited

Greenfield Appliances Private Limited

 

Item 2(b). Address of Principal Business Office or, if none, Residence:

Saurabh Pradipkumar Dhoot

Dhoot Bunglow, Station Road,

Ahmednagar - 431 001 India

Synergy Appliances Private Limited

2275, Adat Bazar

Ahmednagar - 414 001 India

Solitaire Appliances Private Limited

2275, Adat Bazar

Ahmednagar - 414 001 India

Greenfield Appliances Private Limited

2275, Adat Bazar

Ahmednagar - 414 001 India

 

Item 2(c). Citizenship:

Saurabh Pradipkumar Dhoot is a citizen of the Republic of India.

Each of Synergy Appliances Private Limited, Solitaire Appliances Private Limited, and Greenfield Appliances Private Limited is a company formed under the laws of the Republic of India.

 

Item 2(d). Title of Class of Securities:

Equity shares, par value 10 rupees per share


  Page 7 of 11 pages

 

Item 2(e). CUSIP Number:

92657J101

This CUSIP number pertains to the Issuer’s American Depositary Receipts, each representing four equity shares. Beneficial ownership information in this Schedule is provided with respect to equity shares.

 

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)    ¨      Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)    ¨      Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)    ¨      Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)    ¨      Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)    ¨      An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)    ¨      An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)    ¨      A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
(h)    ¨      A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)    ¨      A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)    ¨      A non-U.S. institution, in accordance with § 240.13d-1(b)(1)(ii)(J);
(k)    ¨      Group, in accordance with § 240.13d-1(b)(1)(ii)(K);

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:                     

NOT APPLICABLE


  Page 8 of 11 pages

 

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a) Amount beneficially owned:

As of December 31, 2015,

(i) Saurabh Pradipkumar Dhoot beneficially owns 164,468,528 equity shares. Mr. Dhoot directly or indirectly owns a significant majority of the shares of each of Synergy Appliances Private Limited, Solitaire Appliances Private Limited, and Greenfield Appliances Private Limited and may be deemed to beneficially own all equity shares of the Issuer owned by these entities. Mr. Dhoot also directly or indirectly owns a significant majority of the shares of Platinum Appliances Private Limited; Platinum Appliances Private Limited owns 13,213,328 equity shares of the Issuer and Mr. Dhoot may be deemed to beneficially own such equity shares.

(ii) Synergy Appliances Private Limited beneficially owns 50,418,400 equity shares.

(iii) Solitaire Appliances Private Limited beneficially owns 50,418,400 equity shares.

(iv) Greenfield Appliances Private Limited beneficially owns 50,418,400 equity shares.

 

(b) Percent of Class

(i) Saurabh Pradipkumar Dhoot beneficially owns approximately 39.50% of the Issuer’s equity shares.

(ii) Synergy Appliances Private Limited beneficially owns approximately 12.11% of the Issuer’s equity shares.

(iii) Solitaire Appliances Private Limited beneficially owns approximately 12.11% of the Issuer’s equity shares.

(iv) Greenfield Appliances Private Limited beneficially owns approximately 12.11% of the Issuer’s equity shares.

 

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote:

See Cover Pages Items 5-9

(ii) Shared power to vote or to direct the vote:

See Cover Pages Items 5-9

(iii) Sole power to dispose or to direct the disposition of:

See Cover Pages Item 5-9

(iv) Shared power to dispose or to direct the disposition of:

See Cover Pages Items 5-9

The percentage of equity shares beneficially owned as reported in this Schedule 13G is calculated without considering 3,705,000 equity shares issued to Videocon d2h Employee Welfare Trust under ESOP Scheme pending its vesting and transfer to employees.


  Page 9 of 11 pages

 

Item 5. Ownership of Five Percent or Less of a Class.

NOT APPLICABLE

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following:  ¨

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

NOT APPLICABLE

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

NOT APPLICABLE

 

Item 8. Identification and Classification of Members of the Group

NOT APPLICABLE

 

Item 9. Notice of Dissolution of a Group

NOT APPLICABLE

 

Item 10. Certification

NOT APPLICABLE


  Page 10 of 11 pages

 

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 16, 2016

 

/s/ Saurabh Pradipkumar Dhoot

Saurabh Pradipkumar Dhoot
Synergy Appliances Private Limited
By:  

/s/ Saurabh Pradipkumar Dhoot

Name:   Saurabh Pradipkumar Dhoot
Title:   Director
Solitaire Appliances Private Limited
By:  

/s/ G. Fernandes

Name:   G. Fernandes
Title:   Director
Greenfield Appliances Private Limited
By:  

/s/ S. Murukan

Name:   S. Murukan

Title:

 

Director


  Page 11 of 11 pages

 

Exhibit A

Joint Filing Agreement

The undersigned hereby agree that the statement on Schedule 13G with respect to the equity shares of Videocon d2h Limited and any further amendment thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.

The undersigned have executed this agreement on February 12, 2016.

 

By  

/s/ Saurabh Pradipkumar Dhoot

Saurabh Pradipkumar Dhoot
By: Synergy Appliances Private Limited
By:  

/s/ Saurabh Pradipkumar Dhoot

Name:   Saurabh Pradipkumar Dhoot
Title:   Director
By: Greenfield Appliances Private Limited
By:  

/s/ S. Murukan

Name:   S. Murukan
Title   Director
By: Solitaire Appliances Private Limited
By:  

/s/ G. Fernandes

Name:   G. Fernandes
Title:   Director
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