Almondz Global Securities Ltd ("Manager to the Offer") for & on behalf of Mr. Mukesh Sangla, Mr. Saurabh Sangla, Ms. Monika Sangla, Ms. Avantika Sangla, Adroit Industries (India) Ltd, and Shri Balaji Starch & Chemicals Ltd ("Acquirers"), alongwith Ornate Leasing & Finance Pvt Ltd, Swan Holdings Pvt Ltd, Signate Leasing & Finance Pvt Ltd and Signet Impex Pvt Ltd ("Persons Acting in Concert" or "PAC"), has issued this Corrigendum to the Public Announcement to the shareholders of Signet Industries Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated May 04, 2010, pursuant to and in compliance with, among others, Regulations 11 (1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations").
The Shareholders of the Target Company are requested to kindly note the following changes:
Schedule of major activities of the Open Offer:
Revised schedule of activities:
------------------------------------------------------------------------------------------
Activity Original Schedule Revised Schedule
------------------------------------------------------------------------------------------
Specified Date June 03, 2010 June 03, 2010
Date of Opening of the Offer June 28, 2010 June 21, 2010
Date of Closing of the Offer July 19, 2010 July 10, 2010
------------------------------------------------------------------------------------------
It is also being informed that the Open Offer is made pursuant to Regulation 11 (1) of SEBI (SAST) Regulations & not Regulation 10 & 11(2) as was mentioned in the PA.
All other terms & conditions of the Offer remain unchanged.
The terms used but not defined in this Corrigendum to the PA shall have the same meaning as given in the PA.
(For more details kindly refer Corporate Announcements on www.bseindia.com). |