The Exchange has received the following disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997: Name of Target company (Reporting company) | Ponni Sugars Erode Ltd | Date of reporting | Jul 19, 2008 | Name of Stock exchanges where shares are listed. | Bombay Stock Exchange Ltd | Name of Acquirers/ Sellers | Date of Acquisition / Sale | Mode of acquisition / Sale | No & % of shares acquired/(Sale) | Shareholding of acquirers stated at (A) before acquisition / Sale | Shareholding of acquirers stated at (A) after acquisition/Sale | (A) | (B) | (C) | (D) | (E) | (F) | Seshasayee Paper and Boards Ltd | Jul 18, 2008 | Preferential allotment by conversion of 20,00,000 Preference shares held by Seshasayee Paper and Boards Ltd (Acquirer) in Ponni Sugars (Erode) Ltd (Target Company) | 400,000 | 1,385,260 | 1,785,260 | |