POST OFFER PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE SHAREHOLDERS OF
M/S MAXIMUS STEEL MANUFACTURING LTD. (MSML)
(Registered Office -205, Arihant, Ahmedabad Street, Carnac Bunder, Mumbai – 400 009)
This Public Announcement is being issued by M/s. Aryaman Financial Services Limited, (Manager to the Offer) on behalf of Mr. Jayantilal H. Shah, Mrs. Nina Shah and Ms. Kinjal Shah (Acquirers), subsequent to the completetion of offer formalities, for acquiring 7,00,000 equity shares of MSML (Target Company) representing 20.00% of the equity share capital at a price of Rs. 10.00 per share for each fully paid up Equity share.
The offer opened on 4.11.03 and closed on 3.12.03.
The details of the offer are as under:
|
SR.
NO.
|
ITEM
|
PROPOSED IN THE
OFFER DOCUMENT
|
ACTUALS
|
|
1
|
Offer Price: -
Fully Paid Equity Shares
Partly Paid Equity Shares
|
Rs. 10.00
NIL
|
Rs. 10.00
NIL
|
|
2
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Share holding of acquirer including PACs (No. & %) before MOU / P.A.
|
Nil
|
Nil
|
|
3
|
Shares acquired by way of MOU or market purchases (No. & %)
|
|
|
|
4
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Shares acquired in the open offer (No. & %) capital
|
7,00,000
20.00% of voting capital
|
2,800
0.08% of voting capital
|
|
5
|
Size of the open offer (No. of shares multiplied by offer price per share)
|
Rs. 70 Lacs
|
Rs. 0.28 Lacs
|
|
6
|
Shares acquired after PA but before 7 working days prior to closure date, if any. (No. & %)
|
|
NIL
|
|
7
|
Post Offer Share Holding of Acquirers (No. & %) (2+3+4+6)
|
29,88,430
85.38% of voting capital
|
22,91,230
65.46% of voting capital
|
|
8
|
Pre & Post offer share holding of Public (No. & %)
|
Pre Offer
|
Post Offer
|
Pre Offer
|
Post Offer
|
|
|
|
12,11,570
34.62%of voting capital
|
5,11,570
14.62% of voting capital
|
12,11,570
34.62% of voting capital
|
12,08,770
34.54% of voting capital
|
|
Other Details :
|
|
Status of the escrow account,
Whether released or not
|
An amount of Rs. 28,000 were transferred from the escrow account to the special account opened for the purpose of payments to be made to the shareholders whose shares have been accepted under the offer. The balance of Rs.17,22,000 has been refunded to the Acquirers.
|
|
|
Payment of interest, if any, to the shareholders along with the details thereof
|
Not Applicable.
|
|
|
Status of investor complaints received,
if any
|
Not Applicable
|
|
| |
|
|
|
|
|
|
|
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Issued by: Manager To The Offer
|
Registrar to the Offer
|
|
Aryaman Financial Services Limited,
208, Maker Chambers V,
2nd Floor, Nariman Point,
Mumbai- 400 021.
Tel. : (022) 22826464/22883134
Fax : (022) 22882590
Email : afsl@vsnl.com
Contact Person : Mr. Alpesh B. Parmar
|
Adroit Corporate Services Pvt. Ltd.
19, Jaferbhoy Indl. Estate, Makwana Road, Marol Naka, Mumbai – 400 059.
Tel : (022) 2859 0942/2850 3748
Fax: (022) 5692 4438.
Email: adroits@vsnl.net
Contact Person: Mr. Deepak Phanse
|
On Behalf of: Mr. Jayantilal H. Shah, Mrs. Nina Shah and Ms. Kinjal Shah D-2, Tulsivihar Building, Dr. A. B. Road, Mumbai- 400 018. Tel. No.-24954512, Fax – 24954513
Place: Mumbai Date: 14.01.2004