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 | Aro Granite Industries Ltd | Name of the acquirer and PACs with the acquirer | Dilipkumar V Lakhi PAC: Girdharilal V Lakhi Manish G Lakhi Abhilasha D Lakhi | Details | Number | % | a) Shares / VR* before acquisition under consideration | 432,587 | 6.16% | b) Shares / VR* acquired /(sold) | 306,650 | 4.37% | c) Shares / VR* after acquisition / sale | 739,237 | 10.53% | Mode of acquisition / sale | Open Market | Date of acquisition / sale of shares | May 22, 2007 | *VR - Voting Rights |