Fulford India Updates on Open Offer by Dashtag

Ambit Corporate Finance Pvt Ltd ("Manager to the Offer"), on behalf of Dashtag ("the Acquirer") has issued this Public Announcement to the equity shareholders of Fulford India Ltd ("Target Company") which is in continuation of and should be read in conjunction with the Public Announcement dated November 21, 2006 ("PA") and Corrigendum Public Announcement dated January 03, 2007 (the "First Corrigendum"). Further to PA & the First Corrigendum, the shareholders of the Target Company are requested to note the following:

1. SEBI vide letter dated January 29, 2007 ("the SEBI Observation Letter") has issued its observation in terms of the provision to Regulation 18(1) of the SEBI Takeover Code on the draft letter of Offer submitted to SEBI.

2. The original & revised schedule of major activities under the Offer is as follows:

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Activity			Original Schedule		Revised Schedule
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Specified date			December 08, 2006		December 08, 2006
Date of Opening of the Offer	January 10, 2007		February 12, 2007
Date of Closing of the Offer	January 29, 2007		March 03, 2007
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3. In light of order dated December 21, 2006 passed by the 4th Civil Judge (Senior Division) at Alipore restraining Intime Spectrum Registry Ltd from acting in furtherance to any new contract pertaining to the business of registrar to an issue and share transfer agent which it may have entered into after August 18, 2006, the Acquirer has appointed Mondkar Computers Pvt Ltd as the Registrar to the Offer.

Source : Equity Bulls

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