Open Offer for Duroflex Engineering shares at Rs.10

Chartered Capital and Investment Ltd ("Manager to the Offer") on behalf on Ms Niti N Didwania ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Duroflex Engineering Ltd ("Target Company"), pursuant to Regulation 10 and Regulation 12 as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations, 1997") and subsequent amendments thereto, has announced as below.

The Offer

The Acquirer intends to make an Open Offer to the shareholders of target Company to acquire 1,99,200 equity shares of Rs 10/- each representing 20.00% of the total paid up capital / voting share capital of the Target Company at a price of Rs 10/- per fully paid up equity share / Voting Rights ("Offer Price"), payable in cash, subject to the terms & conditions.

Schedule of Activities

Specified Date - March 20, 2007

Date of Opening of Offer - April 20, 2007

Date of Closing of Offer- May 09, 2007

Source : Equity Bulls

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