CORRIGENDUM PUBLIC ANNOUNCEMENT
For the attention of the Shareholders of M/s. Kapil Cotex Limited
(Registered Office – 354, Kalbadevi Road, Kalyan Bhavan, 2nd Floor, Near Swadesi Market, Mumbai – 400002)
Pursuant to the Public announcement made on December 07, 2002 on behalf of M/s. S.R.V. Telecom Pvt. Ltd, (Acquirer) for acquiring 48,000 equity shares of Kapil Cotex Ltd (KCL) representing 20.00% of the issued and paid up equity share capital of KCL at a price of Rs. 15.00 per equity share, the following revisions /additions as given hereinunder have been made :
- The following changes/additions have been made in the Schedule of Activities pertaining to the Offer :
The Net worth of the other individual PACs as on 31/03/02 as certified by M/s. Yadu & Co, Chartered Accountants [membership no. of Mr. V.N. Yadunath, Proprietor is 21170], having their office at # 25, Muddappa Road, P.O. M.S. Nagar, Bangalore – 560 033 Telephone No. : 080 547 1838 & 080 548 4484 ; Fax: 548 7491. is as follows :
If there is a competitive bid :
- The public offers under all the subsisting bids shall close on the same date.
- As the offer price can not be revised during 7 working days prior to the closing date of the offers / bids, it would, therefore, be in the interest of shareholders to wait till the commencement of that period to know the final offer price of each bid and tender their acceptances accordingly.
- Under point 3.b in the Information about the Target company, the following is to be included “There are no partly paid up shares in the company”.
5. It shall be noted that the promoters who are not parties to the agreement, who hold 1.56% of the voting capital of the company are eligible to participate in the offer.
6. Point no. 8 a in the original public announcement shall be read as under :
“Shareholders who have accepted the offer by tendering the requisite documents, in terms of the Public Announcement/Letter of Offer, can withdraw the same upto three working days prior to the date of the closure of the offer”i.e.: February 28, 2003 Friday by filling the withdrawal form attached along with the Letter of Offer. The withdrawal form is also available on the SEBI website (www.sebi.gov.in ).
The Acquirer (including PACs), accept full responsibility for the information contained in this Announcement and also for the obligations of the Acquirer (including PACs) as laid down in the Regulations.