The Exchange has received the following disclosure under Regulation 7(1A) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997: | Name of the Target company | Ponni Sugars Erode Ltd | | Name of the acquirer and PACs with the acquirer | Seshasayee Paper and Boards Ltd | | Details | Number | % | | a) Shares / VR* before acquisition under consideration | 1,385,260 | 16.11% | | b) Shares / VR* acquired / (sold) | 400,000 | 4.65% | | c) Shares / VR* after acquisition / sale | 1,785,260 | 20.76% | | Mode of acquisition / sale | Preferential allotment by conversion of 20,00,000 Preference shares held by
Seshasayee Paper and Boards Ltd
(Acquirer) in Ponni Sugars (Erode) Ltd (Target Company) | | Date of acquisition / sale of shares | Jul 18, 2008 | *VR - Voting Rights |