DRAFT LETTER OF OFFER

Size: px
Start display at page:

Download "DRAFT LETTER OF OFFER"

Transcription

1 DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is sent to you as a Shareholder(s) of Choice International Limited (hereinafter referred to as Target Company or Target or CIL ). If you require any clarifications about the action to be taken, you may consult your Stock Broker or Investment Consultant or Manager/Registrar to the Offer. In case you have recently sold your shares in the Company, please hand over this Draft Letter of Offer and the accompanying Form of Acceptance cum Acknowledgement and Transfer Deed to the Member of Stock Exchange through whom the said sale was effected. Open Offer By Mr. Kamal Poddar, residing at Flat No. 1902, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai , Mobile no.: ; (Acquirer 1), Mr. Arunkumar Poddar, residing at Flat No. 1901, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai , Mobile no.: ;(Acquirer 2), Ms. Sonu Poddar, residing at Flat No. 1901, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai , Mobile no.: ; (Acquirer 3), Ms. Vinita Sunil Patodia, residing at B-903, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: ; (Acquirer 4) and Ms. Archana Anil Patodia, residing at 904/B, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: ; (Acquirer 5) (Acquirer 1, Acquirer 2, Acquirer 3, Acquirer 4 and Acquirer 5 hereinafter collectively referred to as the Acquirers ) along with Mr. Sunil Kumar Patodia (PAC 1), Sunil Chothmal Patodia (HUF) (PAC 2), Mr. Anil Chothmal Patodia (PAC 3), Anil Chothmal Patodia (HUF)(PAC 4), Mr. Suyash Sunil Patodia (PAC 5) and Ms. Shreya Patodia (PAC 6), residing at B-903, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra ; Mr. Aayush Anil Patodia (PAC 7), Ms. Aastha Anil Patodia (PAC 8), residing at 904/B, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra ; Ms. Hemlata Kamal Poddar (PAC 9), Kamal Poddar (HUF) (PAC 10), residing at Flat No. 1902, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai ; Arunkumar Poddar (HUF) (PAC 11), residing at Flat No. 1901, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai and Upton Infrastructure Private Limited (PAC 12), having its registered office at Shree Shakambhari Corporate Park, Plot No , J. B. Nagar, Andheri (East), Mumbai ( PAC 1 to PAC 12 hereinafter collectively referred to as Persons Acting In Concert / PACs ) with the Acquirers to the shareholder(s) of Choice International Limited Registered office: Shree Shakambhari Corporate Park, , J.B. Nagar, Andheri (E), Mumbai Telephone No.: , ID: info@choiceindia.com, Website: To acquire upto 52,01,248 (Fifty Two Lakhs One Thousand Two Hundred And Forty Eight) Equity Shares of the face value of Rs. 10 each ("Offer Shares"), representing 26% of the fully paid up Equity Share Capital of the Target Company at a price of Rs. 63/- (Rupees Sixty Three) per fully paid up Equity Share of Rs. 10 each, payable in cash. Please Note: 1. This Offer is being made by the Acquirers pursuant to regulation 3(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ( SEBI (SAST) Regulations ). 2. This Open Offer is not conditional upon any minimum level of acceptance in terms of regulation 19 of SEBI (SAST) Regulations. 3. This Open Offer is not a competing offer in terms of regulation 20 of the SEBI (SAST) Regulations. 4. There has been no Competing Offer as on the date of this Draft Letter of Offer. 5. The Offer is subject to the receipt of statutory and other approvals as mentioned in Paragraph 7.4 of this Draft Letter of Offer. 6. If there is any upward revision in the Offer Price or the number of Shares sought to be acquired under the Open Offer by the Acquirers at any time prior to the commencement of the last three working days before the commencement of the tendering period i.e. upto Monday, July 17, 2017 the same would be informed by way of a public announcement in the same newspapers where the original Detailed Public Statement appeared. The revised Offer Price would be payable for all the Equity Shares validly tendered anytime during the Tendering Period. 7. A copy of the Public Announcement, the Detailed Public Statement, Draft Letter of Offer and Letter of Offer (including Form of Acceptance cum Acknowledgment) are also available on SEBI s website ( MANAGER TO THE OFFER REGISTRAR TO THE OFFER CORPORATE CAPITALVENTURES PRIVATE LIMITED SEBI Regn. No.: MB/INM Regd. Off.:160 (Basement), Vinoba Puri, Lajpat Nagar II, New Delhi Tel No.: Contact Person: Mr. Kulbhushan Parashar info@ccvindia.com Website: SHAREX DYNAMIC (INDIA) PRIVATE LIMITED SEBI Regn. No.:INR Address: Unit No.1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Road, Andheri East, Mumbai, Maharashtra Tel No.: /5644 Contact Person: Mr. B S. Baliga ID: sharexindia@vsnl.com Website: SCHEDULE OF THE ACTIVITIES PERTAINING TO THE OFFER Nature of Activity Day and Date Date of the Public Announcement Tuesday, May 30, 2017 Date of publication of the Detailed Public Statement Tuesday, June 06, 2017 Last date of filing of the draft Letter of Offer with SEBI Tuesday, June 13, 2017 Last date for a Competing Offer Wednesday, June 28, 2017 Identified Date* Friday, July 07, 2017 Last Date by which Letter of Offer will be dispatched to the Shareholders Friday, July 14, 2017 Last date by which an independent committee of the Board of Target Company shall give its recommendation Wednesday, July 19, 2017 Advertisement of Schedule of Activities for Open Offer, status of statutory and other approvals in newspaper Thursday July 20, 2017 Date of commencement of tendering period (Offer Opening Date) Friday, July 21, 2017 Date of expiry of tendering period (Offer Closing Date) Thursday, August 03, 2017 Date by which all requirements including payment of consideration would be completed Monday, August 21, 2017 *Identified Date is only for the purpose of determining the names of the shareholders as on such date to whom the Letter of Offer would be sent. All owners (registered or unregistered) of Equity Shares of the Target Company (except the Acquirers and the PACs) are eligible to participate in the Offer any time before the closure of the Offer.

2 TABLE OF CONTENTS RISK FACTORS DEFINITIONS DISCLAIMER CLAUSE DETAILS OF THE OFFER BACKGROUND OF THE ACQUIRERS AND THE PACs BACKGROUND OF CHOICE INTERNATIONAL LIMITED OFFER PRICE AND FINANCIAL ARRANGEMENTS TERMS AND CONDITIONS OF THE OFFER PROCEDURE FOR ACCEPTANCE AND SETTLEMENT DOCUMENTS FOR INSPECTION DECLARATION BY THE ACQUIRERS INCLUDING THE PACs RISK FACTORS RISKS RELATED TO THE TRANSACTION, THE PROPOSED OPEN OFFER AND THE PROBABLE RISKS INVOLVED IN ASSOCIATING WITH THE ACQUIRERS AND THE PACs (A) Risk relating to the transaction The transaction is a conversion of Warrants into Equity Shares on May 30, 2017 by the Acquirers and PACs issued on preferential basis. (B) Risk relating to the Offer 1. To the best of knowledge of the Acquirers and the PACs, no statutory approvals are required for completing the offer except permission of the RBI shall be required for any change in the shareholding of an NBFC, including progressive increases over time, which would result in acquisition/ transfer of shareholding of 26 per cent or more of the paid up equity capital of the NBFC in terms of RBI Circular No. DNBR (PD) CC. No. 065/ / dated July 09, 2015 ( RBI Approval ). However, the Offer will be subject to all statutory approvals that may become applicable at a later date. The Acquirers and the PACs reserve the right to withdraw the Offer in accordance with Regulation 23(1)(a) of the SEBI (SAST) Regulations in the event the requisite statutory approvals for the purpose of this Offer or those that may be necessary at a later date are refused. 2. In the event: (a) the regulatory approvals are not received in a timely manner; or (b) there is any litigation to stay the Offer; or (c) SEBI instructs the Acquirers and the PACs not to proceed with the Offer or to comply with certain conditions before proceeding the Offer, then the Offer process may be delayed beyond the schedule of activities indicated in this Draft Letter of Offer. 3. Consequently, the payment of consideration to the public shareholders of CIL, whose Equity Shares are validly accepted in the Offer as well as the return of Equity Shares not validly accepted in the Offer, may be delayed. 4. In case of delay in receipt of any statutory approval, SEBI has the power to grant extension of time to Acquirers for payment of consideration to the public shareholders of the Target Company who have accepted the Offer within such period, subject to Acquirers agreeing to pay interest for the delayed period if directed by SEBI in terms of Regulation 18(11) of the SEBI (SAST) Regulations. 5. Equity Shares, once tendered through the Form of Acceptance-cum-Acknowledgement in the Offer, cannot be withdrawn by the Eligible Shareholders, even if the acceptance of Equity Shares under the Offer and dispatch of consideration are delayed. 6. The Equity Shares tendered in the Offer will be held in trust in the pool account of the broker / in trust by the Clearing Corporation / Registrar to the Offer until the completion of the Offer formalities and the Eligible Shareholders who have tendered their Equity Shares will not be able to trade such Equity Shares, even if the acceptance of the Equity Shares in the Offer and dispatch of payment consideration are delayed. During such period, there may be fluctuations in the market price of the Equity Shares that may adversely impact the Eligible Shareholders who have tendered their Equity Shares in this Offer. It is understood that the Eligible Shareholders will be solely responsible for their decisions regarding the participation in this Offer. None of the Acquirers, PACs or the Manager to the Offer makes any assurance with respect to the market price of the Equity Shares before the commencement of the Offer, during the period that the Offer is open and upon completion of the Offer and disclaims any responsibility with respect to any decision by the Eligible Shareholders on whether or not to participate in the Offer. 7. The Acquirers, PACs and the Manager to the Offer accept no responsibility for the statements made otherwise than in the Draft Letter of Offer/Detailed Public Statement/Public Announcement/ advertisements or any materials issued by or at the instance of the Acquirers and the PACs. Anyone placing reliance on any other source of information (not released by the Acquirers, PACs or the Manager to the Offer) will be doing so at his/her/their own risk. 8. This Draft Letter of Offer has not been filed, registered or approved in any jurisdiction outside India. Recipients of this Draft Letter of Offer residing in jurisdictions outside India should inform themselves of and observe any applicable legal requirements. This Offer is not directed 2

3 towards any person or entity in any jurisdiction or country where the same would be contrary to the applicable laws or regulations or would subject the Acquirers, PACs or the Manager to the Offer to any new or additional registration requirements. 9. The Eligible Shareholders are advised to consult their respective tax advisors for assessing the tax liability pursuant to this Offer, and the appropriate course of action that they should take. The Acquirers and the PACs do not accept any responsibility for the accuracy or otherwise of the tax provisions set forth in this Draft Letter of Offer. 10. Unless otherwise mentioned the information contained in the DLOF is as of the date of this DLOF. The Acquirers, PACs and the Manager to the Offer are under no obligation to update the information contained herein at any time after the date of this DLOF. (C) Probable risk involved in associating with the Acquirers and the PACs 1. The Acquirers and the PACs make no assurance with respect to the financial performance of the Target Company and disclaim any responsibility with respect to any decision by the Shareholders on whether or not to participate in the Offer. 2. The Acquirers and the PACs make no assurance with respect to their investment/disinvestment decisions relating to their proposed shareholding in the Target Company. 3. The Acquirers and the PACs do not provide any assurance with respect to the market price of the Equity Shares of the Target Company before, during or after the Offer and expressly disclaim any responsibility or obligation of any kind (except as required by applicable law) with respect to any decision by any shareholder on whether to participate or not to participate in the Offer. 4. The Acquirers and the PACs do not accept any responsibility for statements made otherwise than in the Letter of Offer (LOF)/Draft Letter of Offer (DLOF)/Detailed Public Statement (DPS)/Public Announcement (PA) and anyone placing reliance on any other sources of information (not released by the Acquirers and/or the PACs) would be doing so at his/her/its own risk. 5. The Acquirers and the PACs do not accept the responsibility with respect to the information contained in the PA or DPS or DLOF or LOF that pertains to the Target Company and has been compiled from publicly available resources. The risk factors set forth above, pertain to the Offer and are not in relation to the present or future business or operations of the Target Company or any other related matters, and are neither exhaustive nor intended to constitute a complete analysis of the risks involved in participation or otherwise by a shareholder in the Offer. Shareholders of Target Company are advised to consult their Stock Brokers or Investment Consultants, if any, for analyzing all the risks with respect to their participation in the Offer. CURRENCY OF PRESENTATION In this Draft Letter of Offer, all references to Rs. are to the reference of Indian National Rupees ( INR ). Throughout this Draft Letter of Offer, all figures have been expressed in Lakh unless otherwise specifically stated. In this Draft Letter of Offer, any discrepancy in any table between the total and sums of the amount listed are due to rounding off. 1. DEFINITIONS Acquirer 1 Acquirer 2 Acquirer 3 Acquirer 4 Acquirer 5 Acquirers BSE Mr. Kamal Poddar Mr. Arunkumar Poddar Ms. Sonu Poddar Ms. Vinita Sunil Patodia Ms. Archana Anil Patodia Mr. Kamal Poddar, Mr. Arunkumar Poddar, Ms. Sonu Poddar, Ms. Vinita Sunil Patodia and Ms. Archana Anil Patodia BSE Limited CCV/Manager to the Offer/MB/Merchant Banker Corporate CapitalVentures Private Limited, the Merchant Banker appointed by the Acquirers pursuant to regulation 12 of the SEBI (SAST) Regulations Date of Opening of Offer Friday, July 21, 2017 Date of Closure of Offer Thursday, August 03, 2017 Detailed Public Statement/DPS Draft Letter of Offer/DLOF/DLOO Eligible Person(s)/Eligible Shareholder(s) for the Offer Choice International Limited/CIL/ Target Company/Target FIPB FEMA FIIs Detailed Public Statement dated June 05, 2017, made by the Manager to the Offer on behalf of the Acquirers and PACs to the shareholders of Choice International Limited, which was published on June 06, 2017 in all editions of Financial Express (English) and Jansatta (Hindi) and in Apla Mahanagar (Marathi) The Draft Letter of Offer dated Friday, June 09, 2017 submitted to SEBI for its observations. All owners (registered or unregistered) of Equity Shares of the Target Company (except the Acquirers and the PACs) are eligible to participate in the Offer any time before the closure of the Offer. A Company incorporated under the provisions of the Companies Act, 1956 and having its registered office at Shree Shakambhari Corporate Park, , J.B. Nagar, Andheri (E), Mumbai Foreign Investment Promotion Board Foreign Exchange Management Act, 1999, as amended from time to time Foreign Institutional Investors registered with SEBI 3

4 Form of Acceptance/FOA Identified Date Letter of Offer/LOO/LOF NRI NSDL Offer/Open Offer Offer Price PAC 1 PAC 2 PAC 3 PAC 4 PAC 5 PAC 6 PAC 7 PAC 8 PAC 9 PAC 10 PAC 11 PAC 12 Persons Acting In Concert/ PACs Public Announcement/PA Promoter/Promoter Group Registrar/Registrar to the Offer/RTA Regulations/ SEBI (SAST) Regulations /SAST Regulations/Takeover Code RBI SEBI SEBI Act Share(s) Stock Exchange Tendering period Form of Acceptance cum Acknowledgement Date for the purpose of determining the names of shareholders as on such date to whom the Letter of Offer will be sent. The Letter of Offer dated [ ] Non Resident Indian National Securities Depository Limited Open Offer for acquisition of upto 52,01,248 (Fifty Two Lakhs One Thousand Two Hundred And Forty Eight) Equity Shares of the face value of Rs. 10 each ("Offer Shares"), representing in aggregate 26% of the fully paid up Equity Share Capital of the Target Company at a price of Rs. 63/- (Rupees Sixty Three Only) per fully paid up Equity Share of Rs. 10 each, payable in cash. Rs. 63/- (Rupees Sixty Three Only) per fully paid up equity share of Rs. 10/- each. Mr. Sunil Kumar Patodia Sunil Chothmal Patodia (HUF) Mr. Anil Chothmal Patodia Anil Chothmal Patodia (HUF) Mr. Suyash Sunil Patodia Ms. Shreya Patodia Mr. Aayush Anil Patodia Ms. Aastha Anil Patodia Ms. Hemlata Kamal Poddar Kamal Poddar (HUF) Arunkumar Poddar (HUF) Upton Infrastructure Private Limited Mr. Sunil Kumar Patodia, Sunil Chothmal Patodia (HUF), Mr. Anil Chothmal Patodia, Anil Chothmal Patodia (HUF), Mr. Suyash Sunil Patodia, Ms. Shreya Patodia, Mr. Aayush Anil Patodia, Ms. Aastha Anil Patodia, Ms. Hemlata Kamal Poddar, Kamal Poddar (HUF), Arunkumar Poddar (HUF) and Upton Infrastructure Private Limited Public Announcement dated May 30, 2017 made by the Manager to the Offer on behalf of the Acquirers on May 30, Mr. Kamal Poddar, Mr. Arunkumar Poddar, Ms. Sonu Poddar, Ms. Vinita Sunil Patodia, Ms. Archana Anil Patodia, Mr. Sunil Kumar Patodia, Sunil Chothmal Patodia (HUF), Mr. Anil Chothmal Patodia, Anil Chothmal Patodia (HUF), Mr. Suyash Sunil Patodia, Ms. Shreya Patodia, Mr. Aayush Anil Patodia, Ms. Aastha Anil Patodia, Ms. Hemlata Kamal Poddar, Kamal Poddar (HUF), Arunkumar Poddar (HUF) and Upton Infrastructure Private Limited Sharex Dynamic (India) Private Limited as the Registrar to the Offer having office at Unit No.1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Road, Andheri East, Mumbai, Maharashtra Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof. The Reserve Bank of India Securities & Exchange Board of India Securities & Exchange Board of India Act, 1992, and subsequent amendments thereof. Equity Shares of Choice International Limited BSE Limited A period of 10 (Ten) working days period from the date of opening of offer on Friday, July 21, 2017 to closing of offer on Thursday, August 03, Note: All terms beginning with a capital letter used in this Letter of Offer, but not otherwise defined herein, shall have the meaning ascribed thereto in the SEBI (SAST) Regulations unless specified. 4

5 2. DISCLAIMER CLAUSE IT IS TO BE DISTINCTLY UNDERSTOOD THAT FILING OF DRAFT LETTER OF OFFER WITH SEBI SHOULD NOT IN ANY WAY BE DEEMED OR CONSTRUED THAT THE SAME HAS BEEN CLEARED, VETTED OR APPROVED BY SEBI. THE DRAFT LETTER OF OFFER HAS BEEN SUBMITTED TO SEBI FOR A LIMITED PURPOSE OF OVERSEEING WHETHER THE DISCLOSURES CONTAINED THEREIN ARE GENERALLY ADEQUATE AND ARE IN CONFORMITY WITH THE REGULATIONS. THIS REQUIREMENT IS TO FACILITATE THE SHAREHOLDERS OF CHOICE INTERNATIONAL LIMITED TO TAKE AN INFORMED DECISION WITH REGARD TO THE OFFER. SEBI DOES NOT TAKE ANY RESPONSIBILITY EITHER FOR FINANCIAL SOUNDNESS OF THE ACQUIRERS, PACs OR THE COMPANY WHOSE SHARES/CONTROL IS PROPOSED TO BE ACQUIRED OR FOR THE CORRECTNESS OF THE STATEMENTS MADE OR OPINIONS EXPRESSED IN THE LETTER OF OFFER. IT SHOULD ALSO BE CLEARLY UNDERSTOOD THAT WHILE ACQUIRERS ARE PRIMARILY RESPONSIBLE FOR THE CORRECTNESS, ADEQUACY AND DISCLOSURE OF ALL RELEVANT INFORMATION IN THIS LETTER OF OFFER, THE MERCHANT BANKER IS EXPECTED TO EXERCISE DUE DILIGENCE TO ENSURE THAT ACQUIRERS DULY DISCHARGE THEIR RESPONSIBILITY ADEQUATELY. IN THIS BEHALF, AND TOWARDS THIS PURPOSE, THE MERCHANT BANKER, CORPORATE CAPITALVENTURES PRIVATE LIMITED, HAS SUBMITTED A DUE DILIGENCE CERTIFICATE DATED JUNE 08, 2017 TO SEBI IN ACCORDANCE WITH THE SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVER) REGULATIONS, 2011 AND SUBSEQUENT AMENDEMENT(S) THEREOF. THE FILING OF THE LETTER OF OFFER DOES NOT, HOWEVER, ABSOLVE THE ACQUIRERS FROM THE REQUIREMENT OF OBTAINING SUCH STATUTORY CLEARANCES AS MAYBE REQUIRED FOR THE PURPOSE OF THE OFFER. 3. DETAILS OF THE OFFER 3.1 Background of the Offer The Offer is being made under Regulation 3(1) of SEBI (SAST) Regulations, 2011 for substantial acquisition of shares and voting rights of Target Company The Acquirers and PACs belong to the existing Promoter and Promoter Group of the Target Company and held 46,86,527 equity shares constituting 46.84% of the paid up equity capital and voting rights of the Target Company The Securities Allotment Committee of the Target Company at its meeting held on April 08, 2016 have allotted, on a preferential basis, 1,00,00,000 warrants at a price of Rs. 40/- per warrant, carrying the right to subscribe to equal number of equity shares, (face value of Rs 10/- each at premium of Rs. 40/-) in the Target Company on conversion within a period of 18 months from the date of allotment to the following entities: S. No. Name of the Allottees Category No. of Equity Warrant 1 Mr. Kamal Poddar Promoter Mr. Arunkumar Poddar Promoter Ms. Sonu Poddar Promoter Ms. Vinita Sunil Patodia Promoter Ms. Archana Anil Patodia Promoter Mr. Sunil Kumar Patodia Promoter Sunil Chothmal Patodia (HUF) Promoter Mr. Anil Chothmal Patodia Promoter Anil Chothmal Patodia (HUF) Promoter Mr. Suyash Sunil Patodia Promoter Ms. Shreya Patodia Promoter Mr. Aayush Anil Patodia Promoter Ms. Aastha Anil Patodia Promoter Ms. Hemlata Kamal Poddar Promoter Arunkumar Poddar (HUF) Promoter Upton Infrastructure Private Limited Promoter TOTAL The aforesaid Preferential Issue of Warrants was duly authorized by the Board of Directors of the Target Company in its meeting held on February 13, 2016 and by the Shareholders by way of a Special Resolution passed under Sections 42, 62 and all other applicable provisions if any, of the Companies Act, 2013 at their Extra Ordinary General Meeting (EGM) held on March 15, The Target Company received the in principle approval for issue of warrants on a preferential basis to its Promoters from BSE Limited (BSE) vide its letter no. DSC/PREF/AC/PRE/887/ dated March 31, The Acquirers and the PACs had vide letter dated May 30, 2017 expressed its intention to convert 1,00,00,000 warrants into equity shares. On May 30, 2017, 1,00,00,000 warrants were converted into equivalent number of equity shares. Pursuant to the conversion of warrants, there has been increase in the shareholding of promoter and promoter group by more than 5% of Equity Shares in the Target Company. The said increase in the shareholding of the Acquirers & PACs from 46.84% of the pre conversion paid up equity capital to 73.42% of the expanded paid up equity capital of the Target, consequent to conversion of warrants into equity shares of the Target, this mandatory offer ( the Offer or Open Offer ) is being made by the Acquirers and PACs in compliance with the Regulation 3(1) and other applicable provisions of SEBI (SAST) Regulations. This had resulted in substantial acquisition of shares or voting rights resulting in consolidation of holdings of the Promoter and Promoter Group without change in control or management of the Target Company. 5

6 3.1.6 Details of shareholding of the promoter and promoter group before and after the conversion of warrants is tabulated below: Name of the Promoters Prior to Conversion of Warrants No. of Equity Shares allotted on conversion of warrants Post conversion of warrants into Equity Shares As on the date of this draft Letter of Offer No. of Equity % No. of Equity No. of Equity % No. of Equity % Shares Shares Shares Shares Mr. Kamal Poddar Mr. Arunkumar Poddar Ms. Sonu Poddar Ms. Vinita Sunil Patodia Ms. Archana Anil Patodia Mr. Sunil Kumar Patodia Sunil Chothmal Patodia (HUF) Mr. Anil Chothmal Patodia Anil Chothmal Patodia (HUF) Mr. Suyash Sunil Patodia Ms. Shreya Patodia Mr. Aayush Anil Patodia Ms. Aastha Anil Patodia Ms. Hemlata Kamal Poddar Kamal Poddar (HUF) Arunkumar Poddar (HUF) Upton Infrastructure Private Limited Total The warrants were allotted to infuse the fresh equity and to raise funds for future growth strategy and to augment the long term resources and working capital requirements of the Company. As regards the business is concerned, the Acquirers and the PACs proposes to continue and expand the existing business of the Target Company. There are no likely repercussions on the employment and the locations of the Target Company The Acquirers and the PACs have not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act or under any of the Regulations made under the SEBI Act There will be no change in the Board of Directors of the Target Company after the Offer The recommendation of the committee of Independent Directors as constituted by the Board of Directors of the Target Company on the Offer will be published at least two working days before the commencement of the tendering period, in the same newspapers where the DPS was published and a copy thereof shall be sent to SEBI, Stock Exchange and the Manager to the Offer and in case of a competing offer(s) to the manager(s) to the open offer for every competing offer. 3.2 Details of the Proposed Offer In accordance with regulation 13(4) of the SEBI (SAST) Regulations, the Acquirers and the PACs had made a Detailed Public Statement within 5 (five) working days from the date of Public Announcement. In accordance with regulation 14(3) of the SEBI (SAST) Regulations, the Detailed Public Statement has been published in the following newspapers: Name of the Newspaper Edition Date Financial Express (English) All Editions Tuesday, June 06, 2017 Jansatta (Hindi) All Editions Tuesday, June 06, 2017 Apla Mahanagar (Marathi) Mumbai Tuesday, June 06, A copy of the Detailed Public Statement for the Open Offer is also available on the website of SEBI at and on the website of the Manager to the Offer at The Acquirers and the PACs are making an Offer to acquire up to 52,01,248 Equity Shares of face value of Rs. 10 each ("Offer Shares"), representing 26% of the expanded paid up Equity Share Capital of the Target Company at a price of Rs. 63/- (Rupees Sixty Three Only) per fully paid up Equity Share of Rs. 10 each, payable in cash All the shares of the Target Company are fully paid up and there are no partly paid up shares in the Target Company. There is no differential pricing in the Offer. 6

7 3.2.5 This is not a competing Offer in terms of regulation 20 of the SEBI (SAST) Regulations and there has been no competing offer as on the date of this Draft Letter of Offer This Offer is not conditional upon any minimum level of acceptance in terms of regulation 19 of the SEBI (SAST) Regulations The Acquirers will acquire upto 52,01,248 Equity Shares that are validly tendered in accordance with the terms of the Offer at the offer price. In the event the Equity Shares tendered in the Offer are more than the Equity Shares proposed to be acquired under the Offer, the acquisition of Equity Shares from the Eligible Shareholders will be on a proportionate basis, as detailed in paragraph 8.15 of this Draft Letter of Offer There is no agreement amongst the Acquirers and any other persons/entities, in connection with the break-up of shares to be accepted from the shares tendered in this Offer. The entire Equity Shares proposed to be acquired under this Offer will be acquired by the Acquirers and no other persons / entities propose to participate in the acquisition The Equity Shares of the Target Company will be acquired by the Acquirers free from all liens, charges and encumbrances together with all rights attached thereto, including the right to all dividends, bonus and rights offer declared hereafter The Acquirers and the PACs have not acquired any shares of the Target Company from the date of the PA i.e. May 30, 2017 upto the date of this Draft Letter of Offer Pursuant to Regulation 12 of the SEBI (SAST) Regulations, the Acquirers have appointed Corporate CapitalVentures Private Limited as the Manager to the Offer As on the date of this Draft Letter of Offer, the Manager to the Offer, Corporate CapitalVentures Private Limited, does not hold any Equity Shares in the Target Company, further, the Manager to the Offer is not related to the Acquirers, PACs and the Target Company in any manner whatsoever. The Manager to the Offer further declares and undertakes that it will not deal on its own account in the Equity Shares of the Target Company during the Offer Period As per Regulation 38 of SEBI (LODR) Regulations, 2015 read with Rule 19A of the Securities Contract (Regulation) Rules, 1957, as amended ( SCRR ), the Target Company is required to maintain at least 25% Public Shareholding, on continuous basis for listing. Pursuant to completion of this Offer, assuming full acceptance, the public shareholding in the Target Company will fall below the minimum public shareholding requirement as per SCRR as amended and the Listing Agreement. However, the Acquirers and the PACs undertake to take necessary steps to facilitate Compliances of the Target Company with the relevant provisions of the Listing agreement within the time period mentioned therein. 3.3 Object of the Acquisition/Offer The Acquires and PACs belongs to the existing Promoter and Promoter Group of the Target Company. The warrants were allotted to infuse the fresh equity and to raise funds for future growth strategy and to augment the long term resources and working capital requirements of the Company. As regards the business is concerned, the Acquirers and the PACs proposes to continue and expand the existing business of the Target Company. There are no likely repercussions on the employment and the locations of the Target Company Pursuant to the conversion of warrants, the shareholding of Acquirers & PACs has increased from 46.84% of the pre conversion paid up equity capital to 73.42% of the expanded paid up equity capital of the Target Company The Acquirers and the PACs do not have any intention to alienate any significant assets of the Target Company whether by way of sale, lease, encumbrance or otherwise for a period of two years except in the ordinary course of business of the Target Company. The Target Company s future policy for disposal of its assets, if any, for two years from the completion of Offer will be decided by its Board of Directors, subject to the applicable provisions of the law and subject to the approval of the shareholders through Special Resolution passed by way of postal ballot in terms of Regulation 25(2) of SEBI (SAST) Regulations. 4. BACKGROUND OF THE ACQUIRERS AND THE PACs 4.1 Information about the Acquirers: a. Mr. Kamal Poddar (Acquirer 1): I. Mr. Kamal Poddar aged about 38 years, son of Shri Santosh Kumar Poddar is residing at Flat No. 1902, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai , Mobile no.: He is a Fellow Member of the Institute of Chartered Accountants of India and is the Managing Director of Choice International Limited. His vision has resulted into the rapid and multi-fold growth of Choice Group and belongs to the Promoter and Promoter Group of the Target Company. He has been 7

8 instrumental in converting a CA practice firm into a full fledge financial service hub providing all the financial services to its clients. II. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Mr. Kamal Poddar is Rs. 21,88,18,285/- (Rupees Twenty One Crore Eighty Eight Lakh Eighteen Thousand Two Hundred and Eighty Five only). III. As on date of this Draft Letter of Offer, Mr. Kamal Poddar is a Managing Director in the Target Company and he does not hold the position of Whole Time Director in any other Company. However, he shall not participate in any deliberations of the Board of Directors of the Target Company or vote on any matter relating to the Offer. IV. As on date of this Draft Letter of Offer, Mr. Kamal Poddar does not hold any positions on the Board of Directors in any listed company except Choice International Limited, the Target Company. V. As on the date of this Draft Letter of Offer, Mr. Kamal Poddar holds Equity Shares representing 12.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, VI. Mr. Kamal Poddar has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. b. Details of Mr. Arunkumar Poddar (Acquirer 2): I. Mr. Arunkumar Poddar aged about 33 years, Son of Shri Santosh Poddar is residing at Flat No. 1901, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai , Mobile no.: He is a Member of the Institute of Chartered Accountants of India and heads the Management Consulting division and belongs to the Promoter and Promoter Group of the Target Company. He has been instrumental in putting together a leadership team with diverse skill sets and a common goal of offering holistic solutions to clients in the Management Consultancy division. II. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Mr. Arunkumar Poddar is Rs. 22,46,19,171/- (Rupees Twenty Two Crore Forty Six Lakh Nineteen Thousand One Hundred and Seventy One only). III. As on date of this Draft Letter of Offer, Mr. Arunkumar Poddar is not a Director on the Board of any Listed Company. IV. As on date of this Draft Letter of Offer, Mr. Arunkumar Poddar does not hold the position of Whole Time Director in any Company. V. As on the date of this Draft Letter of Offer, Mr. Arunkumar Poddar holds Equity Shares representing 10.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, VI. Mr. Arunkumar Poddar has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. c. Details of Ms. Sonu Poddar (Acquirer 3): I. Ms. Sonu Poddar aged about 32 years, Daughter of Shri Devkaran Makhanlal Chirania is residing at Flat No. 1901, IVY, Nahars Amrit Shakti, Chandiwali, Mumbai , Mobile no.: She is a member of Institute of Company Secretary of India (ICSI) and is having experience spanning over 7 years in the field of Legal and Company law and belongs to the Promoter and Promoter Group of the Target Company. II. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Ms. Sonu Poddar is Rs. 6,97,33,887/- (Rupees Six Crore Ninety Seven Lakh Thirty Three Thousand Eight Hundred & Eighty Seven only). III. As on date of this Draft Letter of Offer, Ms. Sonu Poddar is not a Director on the Board of any Listed Company. IV. As on date of this Draft Letter of Offer, Ms. Sonu Poddar does not hold the position of Whole Time Director in any Company. V. As on the date of Draft Letter of Offer, Ms. Sonu Poddar holds Equity Shares representing 6.25% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, VI. Ms. Sonu Poddar has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. 8

9 d. Details of Ms. Vinita Sunil Patodia (Acquirer 4): I. Ms. Vinita Sunil Patodia aged about 37 years, Daughter of Shri Ram Avtar Sitani is residing at B-903, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: She is graduate and belongs to the Promoter and Promoter Group of the Target Company. II. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Ms. Vinita Sunil Patodia is Rs. 81,27,13,061/- (Rupees Eighty One Crore Twenty Seven Lakh Thirteen Thousand and Sixty One only). III. As on date of this Draft Letter of Offer, Ms. Vinita Sunil Patodia is not a Director on the Board of any Listed Company. IV. As on date of this Draft Letter of Offer, Ms. Vinita Sunil Patodia does not hold the position of Whole Time Director in any Company. V. As on the date of Draft Letter of Offer, Ms. Vinita Sunil Patodia holds Equity Shares representing 7.87% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, VI. Ms. Vinita Sunil Patodia has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. e. Details of Ms. Archana Anil Patodia (Acquirer 5): I. Ms. Archana Anil Patodia aged about 44 years, Daughter of Shri Shrigopal Vasudeo Jhunjhunwala is residing at 904/B, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: She is Bachelor of Arts from the University of Rajasthan and belongs to the Promoter and Promoter Group of the Target Company. She is having vast experience in Management and Administrative functions. Her area of interest includes management training and leadership. II. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Ms. Archana Anil Patodia is Rs. 20,16,49,503/- (Rupees Twenty Crore Sixteen Lakh Forty Nine Thousand Five Hundred and Three only). III. As on date of this Draft Letter of Offer, Ms. Archana Anil Patodia is a Director on the Board of the below mentioned Listed Company. Name of the Company The Byke Hospitality Limited Corporate Identity Number L67190MH1990PLC IV. As on date of this Draft Letter of Offer, Ms. Archana Anil Patodia does not hold the position of Whole Time Director in any Company. V. As on the date of Draft Letter of Offer, Ms. Archana Anil Patodia holds Equity Shares representing 7.87% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, VI. Ms. Archana Anil Patodia has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. f. Details of Mr. Sunil Kumar Patodia (PAC 1): i. Mr. Sunil Kumar Patodia aged about 49 years, Son of Shri Chothmal Patodia is residing at B-903, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: He is a Member of the Institute of Chartered Accountants of India and heads the operation division and belongs to the Promoter and Promoter Group of the Target Company. ii. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Mr. Sunil Kumar Patodia is Rs. 8,51,11,087/- (Rupees Eight Crores Fifty One Lakh Eleven Thousand and Eighty Seven only). iii. As on date of this Draft Letter of Offer, Mr. Sunil Kumar Patodia is not a Director on the Board of any Listed Company. iv. As on date of this Draft Letter of Offer, Mr. Sunil Kumar Patodia does not hold the position of Whole Time Director in any Company. v. As on the date of this Draft Letter of Offer, Mr. Sunil Kumar Patodia holds Equity Shares representing 5.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, vi. Mr. Sunil Kumar Patodia has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. 9

10 g. Details of Sunil Chothmal Patodia (HUF) (PAC 2): i. Sunil Chothmal Patodia (HUF) is a Hindu Undivided Family and incorporated on January 28, Mr. Sunil Chothmal Patodia is the Karta of Sunil Chothmal Patodia (HUF). ii. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Sunil Chothmal Patodia (HUF) is Rs. 2,71,94,239/- (Rupees Two Crore Seventy One Lakh Ninety Four Thousand Two Hundred and Thirty Nine only). iii. As on the date of this Draft Letter of Offer, Sunil Chothmal Patodia (HUF) holds Equity Shares representing 1.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, iv. Sunil Chothmal Patodia (HUF) has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. h. Details of Mr. Anil Chothmal Patodia (PAC 3): i. Mr. Anil Chothmal Patodia aged about 48 years, Son of Shri Chothmal Doongarmal Patodia is residing at B-903, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: He is a commerce graduate from the University of Rajasthan, with over 20 years of experience in the hospitality and service industries and belongs to the Promoter and Promoter Group of the Target Company. He plays a significant role in the Company s operations and marketing, global expansion and future development. ii. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Mr. Anil Chothmal Patodia is Rs. 53,34,58,759/- (Rupees Fifty Three Crore Thirty Four Lakh Fifty Eight Thousand Seven Hundred and Fifty Nine only). iii. As on date of this Draft Letter of Offer, Mr. Anil Chothmal Patodia Director on the Board of the below mentioned Listed Company: Name of the Company The Byke Hospitality Limited Corporate Identity Number L67190MH1990PLC iv. As on date of this Draft Letter of Offer, Mr. Anil Chothmal Patodia does not hold the position of Whole Time Director in any Company. v. As on the date of this Draft Letter of Offer, Mr. Anil Chothmal Patodia holds Equity Shares representing 5.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, vi. Mr. Anil Chothmal Patodia has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. i. Details of Anil Chothmal Patodia (HUF) (PAC 4): i. Anil Chothmal Patodia (HUF) is a Hindu Undivided Family and incorporated on December 10, Mr. Anil Chothmal Patodia is the Karta of Anil Chothmal Patodia (HUF). ii. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Anil Chothmal Patodia (HUF) is Rs. 2,63,47,727/- (Rupees Two Crore Sixty Three Lakh Forty Seven Thousand Seven Hundred twenty Seven only). iii. Anil Chothmal Patodia (HUF) holds Equity Shares representing 1.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, iv. Anil Chothmal Patodia (HUF) has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. j. Details of Mr. Suyash Sunil Patodia (PAC 5): i. Mr. Suyash Sunil Patodia aged about 22 years, Son of Shri Sunil Patodia is residing at B-903, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: He is graduate and belongs to the Promoter and Promoter Group of the Target Company. 10

11 ii. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: has certified, vide certificate dated May 30, 2017 that the net worth of Mr. Suyash Sunil Patodia is Rs. 1,81,96,728/- (Rupees One Crore Eighty One Lakh Ninety Six Thousand Seven Hundred and Twenty Eight only). iii. As on date of this Draft Letter of Offer, Mr. Suyash Sunil Patodia is not a Director on the Board of any Listed Company. iv. As on date of this Draft Letter of Offer, Mr. Suyash Sunil Patodia does not hold the position of Whole Time Director in any Company. v. As on the date of this Draft Letter of Offer, Mr. Suyash Sunil Patodia holds Equity Shares representing 1.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, vi. Mr. Suyash Sunil Patodia has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. k. Details of Ms. Shreya Patodia (PAC 6): i. Ms. Shreya Patodia aged about 23 years, Daughter of Shri Sunil Kumar Patodia is residing at B-903, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: She is Master of Science in International Business and belongs to the Promoter and Promoter Group of the Target Company. ii. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Ms. Shreya Patodia is Rs. 2,15,71,907/- (Rupees Two Crore Fifteen Lakh Seventy One Thousand Nine Hundred & Seven only). iii. As on date of this Draft Letter of Offer, Ms. Shreya Patodia is not a Director on the Board of any Listed Company. iv. As on date of this Draft Letter of Offer, Ms. Shreya Patodia does not hold the position of Whole Time Director in any Company. v. As on the date of this Draft Letter of Offer, Ms. Shreya Patodia holds Equity Shares representing 1.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, vi. Ms. Shreya Patodia has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. l. Details of Mr. Aayush Anil Patodia (PAC 7): i. Mr. Aayush Anil Patodia aged about 21 years, Son of Shri Anil Patodia is residing at 904/B, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: He is graduate and belongs to the Promoter and Promoter Group of the Target Company. ii. Mr. Ajay Kumar Agarwal (Membership No ) Partner of M/s R. R. Bajaj & Associates, Chartered Accountants, having , Id: rrbajajassociates@gmail.com, has certified, vide certificate dated May 30, 2017 that the net worth of Mr. Aayush Anil Patodia is Rs. 8,32,42,176/- (Rupees Eight Crores Thirty Two Lakh Forty Two Thousand One Hundred and Seventy Six only). iii. As on date of this Draft Letter of Offer, Mr. Aayush Anil Patodia is not a Director on the Board of any Listed Company. iv. As on date of this Draft Letter of Offer, Mr. Aayush Anil Patodia does not hold the position of Whole Time Director in any Company. v. As on the date of this Draft Letter of Offer, Mr. Aayush Anil Patodia holds Equity Shares representing 1.50% of the expanded paid up Equity Share Capital of the Target Company post conversion of warrants made on May 30, vi. Mr. Aayush Anil Patodia has not been prohibited by SEBI from dealing in securities, in terms of directions issued under Section 11B of the SEBI Act, 1992 ( SEBI Act ) as amended or under any of the Regulations made under the SEBI Act. m. Details of Ms. Aastha Anil Patodia (PAC 8): i. Ms. Aastha Anil Patodia aged about 19 years, Daughter of Shri Anil Chothmal Patodia is residing at 904/B, Vallencia, Hiranadani Garden, Powai, Mumbai, Maharashtra , Mobile no.: She is pursing Higher Secondary education and belongs to the Promoter and Promoter Group of the Target Company. 11

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This letter of offer ( Letter of Offer or LoF ) is sent to you as a Public Shareholder (as defined below) of Olectra Greentech

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a public shareholder of SQS INDIA BFSI LIMITED ("Target Company"). If you require

More information

DETAILED PUBLIC STATEMENT FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF AURUM SOFT SYSTEMS LIMITED

DETAILED PUBLIC STATEMENT FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF AURUM SOFT SYSTEMS LIMITED DETAILED PUBLIC STATEMENT FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF AURUM SOFT SYSTEMS LIMITED Registered office: Ground Floor, New no. 9, Venkateswara Nagar, 4th Street, Adyar, Chennai, Tamil Nadu

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer ( LOF ) is sent to you as a shareholder(s) of Vishvprabha Trading Limited (hereinafter referred as

More information

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of FDC Limited (the Company / FDC ) as on

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Mangalam Organics Limited (the Company ) as on

More information

DRAFT LETTER OF OFFER

DRAFT LETTER OF OFFER DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is being sent to you as a registered Equity Shareholder(s) of Vyapar Industries Limited,

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. This letter of offer (LoF) is sent to you as an Equity Shareholder of Accelya Kale Solutions Limited (Target Company).

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of Infinite Computer Solutions (India) Limited

More information

DRAFT LETTER OF OFFER

DRAFT LETTER OF OFFER DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of Lovable Lingerie Limited ( Company

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of Apar Industries Limited ( Company ) as on

More information

DRAFT LETTER OF OFFER

DRAFT LETTER OF OFFER DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of Sasken Communication Technologies

More information

BSLL / TARGET COMPANY

BSLL / TARGET COMPANY PUBLIC ANNOUNCEMENT UNDER REGULATION 15 (1) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 ( SEBI (SAST) REGULATIONS, 2011 ) OPEN OFFER FOR ACQUISITION OF 7,956,000 EQUITY

More information

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of Orbit Exports Limited ( Company )

More information

CIN: U65990MH1993GOI075578

CIN: U65990MH1993GOI075578 LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of Oil and Natural Gas Corporation Limited (the

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a Shareholder of Thinksoft Global Services Limited. If you require any clarifications

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of Bharat Electronics Limited (the Company ) as

More information

Karvy Computershare Private Limited SEBI Regn. No.: INM SEBI Regn. No.: INR , C - Block, Community Centre

Karvy Computershare Private Limited SEBI Regn. No.: INM SEBI Regn. No.: INR , C - Block, Community Centre LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, as registered shareholder of Nucleus Software Exports Limited (the Company )

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder(s) (as defined hereinafter) of Bharat Heavy Electricals

More information

kaveri seed company limited

kaveri seed company limited LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered shareholder/ beneficial owner of the Equity Shares ( Equity Shareholder

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Novartis India Limited (the Company ) as on the

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of MOIL Limited (the Company ) as on the Record

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This letter of offer ( Letter of Offer / LoF ) is sent to you as a Public Shareholder of Orient Refractories Limited ( Target

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Hexaware Technologies Limited (the Company ) as

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Bayer CropScience Limited (the Company ) as on

More information

CONSULTANCY SERVICES LIMITED

CONSULTANCY SERVICES LIMITED LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of Tata Consultancy Services Limited ( Company

More information

Mode of Payment: The consideration will be paid in cash, in accordance with regulation 9(1)(a) of the SEBI (SAST) Regulations.

Mode of Payment: The consideration will be paid in cash, in accordance with regulation 9(1)(a) of the SEBI (SAST) Regulations. PUBLIC ANNOUNCEMENT UNDER REGULATIONS 3(1) and 4 READ WITH REGULATIONS 13(1), 14 and 15(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011,

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Tech Mahindra Limited (the Company ) as on the

More information

1. Definitions Equity Shares means the fully paid up equity shares of the Target Company of face value of `10 (Rupees Ten Only) each.

1. Definitions Equity Shares means the fully paid up equity shares of the Target Company of face value of `10 (Rupees Ten Only) each. Public Announcement ( PA ) under Regulation 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Welplace Portfolio & Financial Consultancy

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of MOIL Limited (the Company ) as on the Record

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Borosil Glass Works Limited (the Company ) as

More information

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of Nucleus Software Exports Limited (the

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of the Equity Shares of SKF India Limited as

More information

b4s SOLUTIONS PRIVATE LIMITED ACQUIRER

b4s SOLUTIONS PRIVATE LIMITED ACQUIRER LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This LoF is sent to you as a shareholder(s) of SWARAJ AUTOMOTIVES LIMITED. If you require any clarifications about the action

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered shareholder/ beneficial owner of the Equity Shares ( Equity Shareholder

More information

GUJARAT AMBUJA EXPORTS LIMITED

GUJARAT AMBUJA EXPORTS LIMITED LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of Gujarat Ambuja Exports Limited (the Company

More information

5. For mode of payment of consideration to the Eligible Shareholders, please refer to paragraph on page 37 of this Draft Letter of Offer.

5. For mode of payment of consideration to the Eligible Shareholders, please refer to paragraph on page 37 of this Draft Letter of Offer. DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as you are a registered Equity Shareholder of Paushak Limited ( Company

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER This Letter of offer (LOO) is sent to you as shareholder(s) of DHANVARSHA FINVEST LIMITED. If you require any clarifications

More information

PUBLIC ANNOUNCEMENT TO THE SHAREHOLDERS OF SPENTEX INDUSTRIES LIMITED

PUBLIC ANNOUNCEMENT TO THE SHAREHOLDERS OF SPENTEX INDUSTRIES LIMITED PUBLIC ANNOUNCEMENT TO THE SHAREHOLDERS OF SPENTEX INDUSTRIES LIMITED This Public Announcement is being issued by Chartered Capital and Investment Limited, Manager to the Offer on behalf of Mr. Mukund

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a Registered Shareholder(s) of Shervani Industrial Syndicate Limited (the Company

More information

NOTICE OF EXTRA ORDINARY GENERAL MEETING

NOTICE OF EXTRA ORDINARY GENERAL MEETING Phone : 011-41627007 E-mail : cs@capital-trust.com Web: www.capital-trust.com NOTICE OF EXTRA ORDINARY GENERAL MEETING NOTICE is hereby given that the Extra-Ordinary General Meeting of the members of will

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER This Letter of Offer ( LoF ) is sent to you as a shareholder(s) of SAH PETROLEUMS LIMITED ( Target Company ). If you

More information

DRAFT LETTER OF OFFER

DRAFT LETTER OF OFFER DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is being sent to you, being an Eligible Shareholder of Gujarat Ambuja Exports Limited (the

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of Engineers India Limited (the Company ) as on

More information

NOVARTIS INDIA LIMITED

NOVARTIS INDIA LIMITED LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Novartis India Limited (the Company ) as on the

More information

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of offer (LOO) is sent to you as shareholder(s) of BAGADIA COLOURCHEM LIMITED. If you require any clarification

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of NMDC (the Company ) as on the Record Date in

More information

SEC/48/ October 26, 2018

SEC/48/ October 26, 2018 SEC/48/2017-63 October 26, 2018 To The Manager, Compliance Department, BSE Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai 400 001. Scrip Code/ Symbol: 540678; COCHINSHIP To The Manager, Compliance

More information

Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009

Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 Ministry : Securities and Exchange Board of India Notification No : LAD-NRO/GN/2008-2009/09/165992 Date : 10.06.2009 Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009

More information

DRAFT LETTER OF OFFER This Document is important and requires your immediate attention

DRAFT LETTER OF OFFER This Document is important and requires your immediate attention DRAFT LETTER OF OFFER This Document is important and requires your immediate attention This Draft Letter of Offer is sent to you as a shareholder(s) of INDO GULF INDUSTRIES LIMITED. If you require any

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This offer letter ( Offer Letter ) is being sent to you as a Public Shareholder of Xchanging Solutions Limited ( Company ). In case you

More information

DALMIA BHARAT LIMITED

DALMIA BHARAT LIMITED DALMIA BHARAT LIMITED (Registered Office: Dalmiapuram 621 651, Distt.Tiruchirapalli, Tamil Nadu) Phone No. 04329-235132 Fax No. 04329-235111 CIN L40109TN2006PLC058818 Website: www.dalmiabl.com NOTICE NOTICE

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Pidilite Industries Limited (the Company ) as

More information

November 20, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai Dear Sir(s)

November 20, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai Dear Sir(s) HSBC Securities and Capital Markets (India) Private Limited 6th floor, 52/60, M.G Road, Fort, Mumbai 400 001, India Tel: +91 22 2268 1560 Fax: +91 22 6653 6207 E-mail: fortis.openoffer@hsbc.co.in Contact

More information

K~ Senior Manager. V.B. Desai Financial Services Limited.

K~ Senior Manager. V.B. Desai Financial Services Limited. V.B. Desai Financial Services Limited Category I Merchant Banker - SEBI Registration No. INM 000002731 November 21,2017 The Corporate Relations Department The Bombay Stock Exchange Limited P.J.Towers,

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of Jenburkt Pharmaceuticals Limited ( Company

More information

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997 In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Redington (India) Limited (the Company ) as on

More information

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is sent to you as a shareholder(s) of Vora Constructions Limited. If you require any clarifications

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a, registered Equity Shareholder (as defined hereinafter) of, Sobha Limited

More information

Scanned by CamScanner

Scanned by CamScanner Scanned by CamScanner PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF ALLSEC TECHNOLOGIES LIMITED UNDER REGULATIONS 3(1) AND 4 READ WITH REGULATIONS 13(1), 14 and 15(1) OF THE SECURITIES

More information

AUTOLITE (INDIA) LIMITED

AUTOLITE (INDIA) LIMITED Notice of Extra-Ordinary General Meeting NOTICE is hereby given to the members of the Company that an Extra-Ordinary General Meeting of members of AUTOLITE (INDIA) LIMITED will be held on Tuesday, 15 th

More information

RELIANCE MEDIAWORKS LIMITED. Reliance Land Private Limited. Reliance Capital Limited

RELIANCE MEDIAWORKS LIMITED. Reliance Land Private Limited. Reliance Capital Limited THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This exit offer letter ( Exit Offer Letter ) is being sent to you as a Public Shareholder of Reliance Mediaworks Limited ( Company ). In

More information

Notice pursuant to Section 110 of the Companies Act, 2013

Notice pursuant to Section 110 of the Companies Act, 2013 Notice pursuant to Section 110 of the Companies Act, 2013 1 Reliance Home Finance Limited CIN: L67190MH2008PLC183216 Registered Office: Reliance Centre, 6 th Floor, South Wing, Off Western Express Highway

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER This Letter of Offer ( LoF ) is sent to you as a shareholder(s) of MPF SYSTEMS LIMITED ( Target Company ). If you

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as you are a registered Equity Shareholder of Alembic Limited ( Company ) as on

More information

2. Alteration of Capital Clause in the

2. Alteration of Capital Clause in the HINDALCO INDUSTRIES LIMITED CIN No: L27020MH1958PLC011238 Registered Office: Century Bhavan, 3 rd Floor, Dr. Annie Besant Road, Worli Mumbai 400 030 E Mail : hil.investors@adityabirla.com website : www.hindalco.com

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Vardhman Acrylics Limited (the Company ) as on

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of Wipro Limited as on the Record Date (as

More information

HATHWAY CABLE & DATACOM LIMITED

HATHWAY CABLE & DATACOM LIMITED HATHWAY CABLE & DATACOM LIMITED Regd. Off: Rahejas, 4 th Floor, Corner of Main Avenue & V. P. Road, Santacruz West, Mumbai 400054 NOTICE IS HEREBY GIVEN THAT AN EXTRA-ORDINARY GENERAL MEETING OF THE MEMBERS

More information

NOTICE. 1. To consider and, if thought fit, to pass, with or without modification(s), if any, the following resolution as an Ordinary Resolution:

NOTICE. 1. To consider and, if thought fit, to pass, with or without modification(s), if any, the following resolution as an Ordinary Resolution: NOTICE Notice is hereby given that the Extra-Ordinary General Meeting of the Members of Tata Teleservices Limited (the Company ) will be held on Friday, July 29, 2016 at 11:00 Hours at the Board Room,

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Letter of Offer THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer ( LoF ) is sent to you as a Shareholder(s) of Upasana Finance Limited ( UFL / Target Company ). If

More information

DRAFT LETTER OF OFFER

DRAFT LETTER OF OFFER DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This LoF is sent to you as a shareholder(s) of Emmsons International Limited. If you require any clarifications about

More information

PUBLIC ANNOUNCEMENT ( PA ) FOR THE ATTENTION OF SHAREHOLDERS OF

PUBLIC ANNOUNCEMENT ( PA ) FOR THE ATTENTION OF SHAREHOLDERS OF PUBLIC ANNOUNCEMENT ( PA ) FOR THE ATTENTION OF SHAREHOLDERS OF WELSPUN INVESTMENTS AND COMMERCIALS LIMITED Registered Office: Welspun City, Village Versamedi, Taluka Anjar, Kutch Dist, Gujarat, India-370110

More information

CENTRAL FINANCE COMPANY PLC - PQ 67 FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 ST MARCH 2018

CENTRAL FINANCE COMPANY PLC - PQ 67 FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 ST MARCH 2018 CENTRAL FINANCE COMPANY PLC - PQ 67 Circular to Shareholders Dear Shareholder/s, FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 ST MARCH 2018 As reflected in its audited Financial Statements as at 31 st

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you, being an Eligible Shareholder of Oil India Limited (the Company ) as on the Record

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LOF

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LOF LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer ( LOF ) is sent to you as a shareholder(s) of Vantage Corporate Services Limited. If you require any

More information

SONA KOYO STEERING SYSTEMS LIMITED

SONA KOYO STEERING SYSTEMS LIMITED PUBLIC ANNOUNCEMENT FOR ATTENTION OF PUBLIC SHAREHOLDERS OF SONA KOYO STEERING SYSTEMS LIMITED IN ACCORDANCE WITH REGULATION 13 (1), 14 AND 15(1) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL

More information

Standard Chartered Indian Depository Receipts Frequently Asked Questions: Table of Contents

Standard Chartered Indian Depository Receipts Frequently Asked Questions: Table of Contents Standard Chartered Indian Depository Receipts Frequently Asked Questions: Table of Contents The IDR Facility... 1 Rights of IDR Holders... 2 Ownership and Trading of IDRs... 3 IDR Fees... 4 Other Questions

More information

Notice pursuant to Section 110 of the Companies Act, 2013

Notice pursuant to Section 110 of the Companies Act, 2013 Power Reliance Power Limited CIN: L40101MH1995PLC084687 Registered Office : H Block, 1st Floor Dhirubhai Ambani Knowledge City Navi Mumbai 400 710 Tel: +91 22 3303 1000, Fax: +91 22 3303 3662 E-mail: reliancepower.investors@relianceada.com

More information

FOR THE ATTENTION OF THE ELIGIBLE EQUITY SHAREHOLDERS OF WEIZMANN FOREX LIMITED

FOR THE ATTENTION OF THE ELIGIBLE EQUITY SHAREHOLDERS OF WEIZMANN FOREX LIMITED PUBLIC ANNOUNCEMENT UNDER REGULATIONS 3(1) AND 4 READ WITH REGULATIONS 13(1), 14 AND 15(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011,

More information

CHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD

CHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD CHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD PART I: ELIGIBILITY REQUIREMENTS Reference date 4. Unless otherwise provided in this Chapter, an issuer making an initial public offer of specified securities

More information

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE OF EXTRAORDINARY GENERAL MEETING Wipro Enterprises Limited (Formerly known as Azim Premji Custodial Services Pvt. Ltd. & Azim Premji Custodial Services Ltd.) Regd. Office: C Block, CCLG Division, Doddakannelli, Sarjapur Road, Bangalore

More information

RESOLVED FURTHER THAT the draft of Private Placement Offer cum Application Letter in PAS-4 be and are hereby approved.

RESOLVED FURTHER THAT the draft of Private Placement Offer cum Application Letter in PAS-4 be and are hereby approved. 1. Nexus Ventures III, Ltd.; 2. Nexus Opportunity Fund II, Ltd.; 3. Sequoia Capital India Investments III; 4. Sequoia Capital India Growth Investments I; 5. WestBridge Crossover Fund, LLC; 6. Aravali Investment

More information

DRAFT LETTER OF OFFER

DRAFT LETTER OF OFFER DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder of India Gelatine & Chemicals Ltd. (the

More information

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a registered Equity Shareholder of Jagran Prakashan Limited (the Company ) as on

More information

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of offer (LOO) is sent to you as shareholder(s) of TRC FINANCIAL SERVICES LIMITED. If you require any

More information

NOTICE CALLING EXTRA-ORDINARY GENERAL MEETING

NOTICE CALLING EXTRA-ORDINARY GENERAL MEETING 8K MILES SOFTWARE SERVICES LIMITED Regd. Office: 1-7-241/11/D, Ramalaya, 3 rd Floor,S.D.Road, Secunderabad-500 003 Corporate Office: No.7, III Floor, Ganapathy Colony, III Street, Teynampet, Chennai 600

More information

PART V - MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC.

PART V - MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC. PART V - MINIMUM OFFER TO PUBLIC, RESERVATIONS, ETC. Minimum offer to public. 41. 84 [ The minimum net offer to the public shall be subject to the provisions of clause (b) of sub-rule (2) of rule 19 of

More information

DEWAN HOUSING FINANCE CORPORATION LIMITED. Notice of Postal Ballot (Pursuant to Section 110 of the Companies Act, 2013)

DEWAN HOUSING FINANCE CORPORATION LIMITED. Notice of Postal Ballot (Pursuant to Section 110 of the Companies Act, 2013) Dear Member (s), DEWAN HOUSING FINANCE CORPORATION LIMITED Corporate Identification Number (CIN) L65910MH1984PLC032639 Corporate Office : TCG Financial Centre, 10 th Floor, BKC Road, Bandra Kurla Complex,

More information

NOTICE IS HEREBY GIVEN THAT

NOTICE IS HEREBY GIVEN THAT NOTICE NOTICE IS HEREBY GIVEN THAT 01 st EXTRA ORDINARY GENERAL MEETING OF 2015-16 OF MEMBERS OF INTEX TECHNOLOGIES (INDIA) LIMITED WILL BE HELD ON TUESDAY, THE 18 TH DAY OF AUGUST, 2015 COMMENCED AT 11:30

More information

DRAFT LETTER OF OFFER

DRAFT LETTER OF OFFER DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Shareholder of J.B. Chemicals & Pharmaceuticals Limited

More information

[SCHEDULE XXI [See regulation 106F(2)] PART A DISCLOSURES IN THE ADDENDUM TO THE OFFER DOCUMENT FOR RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS

[SCHEDULE XXI [See regulation 106F(2)] PART A DISCLOSURES IN THE ADDENDUM TO THE OFFER DOCUMENT FOR RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS 348 [SCHEDULE XXI [See regulation 106F(2)] PART A DISCLOSURES IN THE ADDENDUM TO THE OFFER DOCUMENT FOR RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS (1) The listed issuer making a rights issue of IDRs shall

More information

Sub: Minutes of the Proceedings in relation to Declaration of Results on voting by Postal Ballot and E-voting:

Sub: Minutes of the Proceedings in relation to Declaration of Results on voting by Postal Ballot and E-voting: Corporate Relationship Department SSE Limited 1 st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai - 400 001 Scrip code:500530 The Manager Listing Department

More information

Address: 4588, Kentucky DR Plano, Texas , United States of America. To the Shareholder(s) of

Address: 4588, Kentucky DR Plano, Texas , United States of America. To the Shareholder(s) of DRAFT LETTER OF OFFER ( DLOF ) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is being sent to you as Equity Shareholder(s) of Frontier Informatics Limited

More information

Indian Depository Receipts

Indian Depository Receipts Historical Background Indian Depository Receipts The world has became global village due to the technology advancement and as a result the Securities Market have become international. Companies that previously

More information

OIL AND NATURAL GAS CORPORATION LIMITED COMPANY SECRETARIAT

OIL AND NATURAL GAS CORPORATION LIMITED COMPANY SECRETARIAT C OIL AND NATURAL GAS CORPORATION LIMITED COMPANY SECRETARIAT ONGC/CS/SE/2018 National Stock Exchange of India Ltd. Listing Department Exchange Plaza Bandra-Kurla Complex Bandra (E) Mumbai - 400 051 Symbol-ONGC;

More information

2017 AT A.M. AT PNB AUDITORIUM, CENTRAL STAFF COLLEGE, 8 UNDERHILL ROAD, CIVIL LINES, DELHI-

2017 AT A.M. AT PNB AUDITORIUM, CENTRAL STAFF COLLEGE, 8 UNDERHILL ROAD, CIVIL LINES, DELHI- PUNJAB NATIONAL BANK FINANCE DIVISION HO: Plot no. 4, sector 10 Dwarka New Delhi-1 MINUTES OF THE EXTRA ORDINARY GENERAL MEETING OF PUNJAB NATIONAL BANK HELD ON MONDAY, THE 4 th DECEMBER, 2017 AT 10.00

More information

CIRCULAR. CFD/DIL3/CIR/2017/21 March 10, All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges

CIRCULAR. CFD/DIL3/CIR/2017/21 March 10, All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges CIRCULAR CFD/DIL3/CIR/2017/21 March 10, 2017 All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Schemes of Arrangement by Listed Entities

More information

NOTICE OF EXTRA-ORDINARY GENERAL MEETING

NOTICE OF EXTRA-ORDINARY GENERAL MEETING NOTICE OF EXTRA-ORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE EXTRA ORDINARY GENERAL MEETING OF THE MEMBERS OF NAAPTOL ONLINE SHOPPING PRIVATE LIMITED WILL BE HELD ON FRIDAY, 29 TH JUNE, 2018

More information