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| Exchange Disseminated Time | Indbank Merchant Banking Services Ltd ("Manager to the Offer") for & on behalf of Shri. KG Baalakrishnan, Shri B Sriramulu, Shri. B Srihari & Sri Kannapiran Mills Ltd ("Acquirers") has issued this Post Offer Public Announcement to the shareholders of KG Denim Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated August 31, 2007, corrigendum thereto dated May 23,
2008 and letter of offer dated May 17, 2008, pursuant to and in compliance with sub regulation 1 of Regulation 11 of the SEBI (Substantial Acquisition and Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire upto 51,30,781 fully paid up equity shares representing 20% of the voting equity capital of the Target Company at a price of Rs 18.00 together with interest of Rs 1.08 (total consideration of Rs 19.08) per share payable in cash are as under:
| Sr. No. | Particulars | Proposed in the Offer Document/ Public Announcements | Actuals | | 1 | Offer Price Price Interest Total | Rs 18.00 payable in cash Rs 1.08 payable in cash Rs 19.08 payable in cash | Rs 18.00 payable in cash Rs 1.08 payable in cash Rs 19.08 payable in cash | | 2 | Share holding of Acquirer / PACs (No & %)before MOU/PA Acquirer PACs Other Promoters | 84,97,103 (33.12%) 40,00,247 (15.59%) 12,39,204 (4.83%) | 84,97,103 (33.12%) 40,00,247 (15.59%) 11,17,804 (4.36%) | | 3 | Shares acquired by way of MOU or market purchases (No & %) | Nil | Nil | | 4 | Shares acquired in the open offer (No. & %) | 51,30,781 (20%) | 15,21,695 (5.93%) | | 5 | Size of the open offer (No. of Share multiplied by offer price together with interest per share) | 9,78,95,301.00 | 2,90,33,940.60 | | 6 | Shares acquired after the PA but before 7 working days prior to closure date, if any (No. & %) 6.1 Price of the shares acquired 6.2 No of shares acquired 6.3 % of shares acquired | Nil | Nil | | 7 | Post offer shares holding of acquirer (No & %) (2+3+4+6) 7.1 Acquirer 7.2 PACs 7.3 Other Promoters | 13627884 (53.12%) 4000247 (15.59%) 1117804 (4.36%) | 10018798 (39.05%) 4000247 (15.59%) 1117804(4.36 %) | | 8 | Post offer shareholding of other members of promoter group | Nil | Nil | | 9 | Total post offer promoter group shareholding (7.1+8) | 18867335 (73.07%) | 15136849 (59.00%) | | 10 | Pre and Post offer shareholding of Public | Pre Offer | Post Offer | Pre Offer | Post Offer | | 11917351 (46.45%) | 6907970 (26.93%) | 11917351 (46.45%) | 10517056 (41.00%) | |
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