The Exchange has received the following disclosure under Regulation 7(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997: | Name of the Target company | Kalyani Steels Ltd | | Name of the acquirer and PACs with the acquirer | Sundaram Trading & Investments Pvt Ltd | | Details | Number | % | | a) Shares / VR* before acquisition under consideration | 828,660 | 1.90% | | b) Shares / VR* acquired /(sold) | 1,887,632 | 4.33% | | c) Shares / VR* after acquisition / sale | 2,716,292 | 6.23% | | Mode of acquisition / sale | Pursuant to Scheme of Amalgamation u/s 391 to 394 of the Companies Act, 1956. approved by Hon. High Court of Bombay between Kunal Trading & Investment Pvt. Ltd., Koyana Investment & Trading Co.(Amalgamating Companies) with Sundaram Trading & Investment Pvt. Ltd. (Amalgamated Company). The Amalgamating companies and the Amalgamated Company belong to the Promoter Group. There is no change in the aggregate
shareholding in the promoter and promoter group in the target company as a result to the Scheme of
Amalgamation; which is at 53.04% reported as on March 31, 2007. | | Date of acquisition / sale of shares | Jun 25, 2007 being the date of filing of the Scheme with Registrar of Companies - Pune | *VR - Voting Rights |