Ashima - Disclosures under Reg. 7(1) of SEBI (SAST) Regulations, 1997

• Security Code: 514286
• Company: ASHIMASYN

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	Ashima Ltd
Name of the acquirer and PACs with the acquirer	Amrashagun Investments Pvt Ltd
Details	Number	%
a) Shares / VR* before acquisition under consideration	4,264,193	12.78%
b) Shares / VR* acquired /(sold)	500,000	1.50%
c) Shares / VR* after acquisition / sale	4,764,193	14.28%
Mode of acquisition / sale	Open Market
Date of acquisition / sale of shares	Feb 29, 2008

*VR - Voting Rights