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

• Security Code: 500439
• Company: VHL

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	Vardhman Holdings Ltd
Name of the acquirer and PACs with the acquirer	Principal Tax Saving Fund - Scheme of Principal Mutual Fund
Details	Number	%
a) Shares / VR* before acquisition under consideration	91146	2.85%
b) Shares / VR* acquired /(sold)	75000	2.35%
c) Shares / VR* after acquisition / sale	166146	5.20%
Mode of acquisition / sale	Open Market
Date of acquisition / sale of shares	March 02, 2007

*VR - Voting Rights