Updates On Buyback Offer

• Security Code: 532875
• Company: ADSL

Anand Rathi Advisors Ltd ("Manager to the Buyback") on behalf of Allied Digital Services Ltd ("Target Company") has informed this Post Buy back Public Announcement to the Equity Shareholders / Beneficial Owners of the equity shares of the Target Company, which is in continuation of & should be read in conjunction with the Public notice to this effect was published on February 20, 2011 and a Public Announcement("PA") dated April 04, 2011 was published on April 06, 2011 and Corrigendum to PA was published on April 22, 2011, in compliance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 and subsequent amendments thereof)

A. The Buyback:

The Target Company had announced the buyback ("Buyback”) of its fully paid-up equity shares of the face value of Rs. 5/- each (‘Equity Shares’) from the existing owners of Equity Shares of the Company, other than the Promoters of the Company from the open market through stock exchanges using the electronic trading facilities of Bombay Stock Exchange Ltd (“BSE”) and the National Stock Exchange of India Ltd (“NSE”) in accordance with the provisions of Sections 77A, 77AA, 77B and other applicable provisions, if any, of the Companies Act. 1956 (the “Act") and the provisions contained in the Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998 (“the Regulations”) at a maximum price not exceeding Rs. 140 per Equity Share payable in cash, for an amount of upto Rs. 28 Crores (‘Offer size”).

The Buyback commenced on April 25, 2011 and closed on February 17, 2012. Till closure of Buyback.

B. Details of the Buyback:

The total number of Equity Shares bou9ht back under the Buyback is 597075 Equity Shares.

The total amount utilized in the Buy back of Equity Shares is approximately Rs 3.24 Crores (which excludes brokerage and taxes), which Is 11.60% of Offer Size.

The price at which the Shares were bought back during the Buyback offer was dependent on the then prevailing quoted market price on the BSE and NSE. The highest price at which the Equity Shares were bought back was Rs. 94.50 per Equity Share while the lowest price was Rs 19.85 per Equity Share. The Average price at which the Shares were bought back is Rs 54.21 per Equity Share.

Since the Buyback of Shares was from the Open Market through Stock Exchanges, the identity of shareholders from whom Shares exceeding 1% of the total Shares were bought back is not known.

As on the date of this Post BuyBack Public Announcement 591075 equity shares out of the total 597075 Equity Shares bought back were extinguished. Company is in process of extinguishing 6000 Equity Shares bought back.

C. Capital Structure

The Capital Structure of the Company, Pre and Post Buyback.

(For more details kindly refer Corporate Announcements on www.bseindia.com).