Matrix Laboratories Limited

Post Offer Public Announcement 

to the Shareholders of Matrix Laboratories Limited 

 

The details subsequent to the completion of the Offer made vide Public Announcement (PA) dated 10^th February, 2003, Corrigendum dated 10^th April, 2003 to the PA and Letter of Offer (LOO) dated 12^th April, 2003 under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto [SEBI (SAST) Regulations], by Mr. N. Prasad, Mr. M. Ravinder, Alltime Formulations Limited and G2 Corporate Services Limited (Acquirers) to acquire 19,43,691 fully paid equity shares of Rs. 10/- each, representing 20% of the paid up equity share capital of Matrix Laborqatories Limited (MATRIX) at a price of Rs. 276/- (Rupees Two Hundred Seventy-six Only) per fully paid up equity share payable in cash are as under : 

 

1.	Name of the Target Company		:		Matrix Laboratories Limited
2.	Name of Acquirers		:		Mr. N. Prasad, Mr. M. Ravinder, Alltime Formulations Limited and G2 Corporate Services Limited
3.	Name of Manager to the Offer		:		SMIFS Capital Markets Limited
4.	Name of the Registrar to the Offer		:		Venture Capital and Corporate Investments Limited
5.	Offer Details		:
	a.      Date of Opening of the Offer		:		21st April, 2003
	b.      Date of Closure of the Offer		:		20th May, 2003
6.	Details of the Acquisition		:
Sr. No.		Item	:		Proposed in the Offer document		Actuals
1.		Offer price (Rs)	:		276.00		276.00
2.		Share holding of acquirer ( No & %) before Preferntial Allotment	:		25,41,336 (35.35%)		25,41,336 (35.35%)
3.		Shares acquired by way of Preferential Allotment ( No & %)	:		25,30,951 (26.04%)		25,30,951 (26.04%)
4.		Shares acquired in the open offer    (No & %)	:		19,43,691 (20.00%)		26,180 (0.27%)
5.		Size of the open offer ( No of shares multiplied by offer price per share) (Rs)	:		53,64,58,716/-		53,64,58,716/-
6.		Shares acquired after P.A but before 7 working days prior to closure date, if any .( No & % )	:		N.A.		NIL
		6.1 Price of the shares acquired	:		N.A.		NIL
		6.2 No of shares acquired	:		N.A.		NIL
		6.3 % of shares acquired	:		N.A.		NIL
7.		Post offer share holding of acquirer (No & %) (2+3+4+6)	:		70,15,978 (72.19%)		50,98,467 (52.46%)
8.		Pre & Post offer share holding of Public (No & %)			Pre Offer	Post Offer	Pre Offer	Post Offer
					44,30,164 (45.59%)	24,86,473 (25.59%)	44,30,164 (45.59%)	44,03,984 (45.32%)

 

1. Status of the escrow account, whether released or not : All the Offer formalities have been completed by the Acquirers. Accordingly, shares lying in escrow with Manager to the Offer and cash deposit of Rs 54,00,000/- lying in escrow with Andhra Bank, R. P. Road Branch, Secunderabad, A/c No. CA / 01 / 00007135 are being released as per SEBI (SAST) Regulations.
2. Payment of interest, if any, to the shareholders along with the details thereof : NIL
3. Status of investor complaints received, if any : None

 

Acquirers jointly and severally accept full responsibility for the information contained in this Public Announcement and are responsible for the obligations of the Acquirer as laid down in the SEBI (SAST) Regulations.

 

This Public Announcement would also be available on the SEBI website /

T

This PA is issued on behalf of the Acquirers :

 

1. Mr. N. Prasad of Plot No. 27, Rukminidevi Colony, Near AOC Gate, Secunderabad – 500 026.
2. Mr. M. Ravinder of 3-6-100/1, West Maredpally, Secunderabad – 500 003.
3. Alltime Formulations Limited. Registered Office : 3-6-100/1, West Maredpally, Secunderabad – 500 003.
4. G2 Corporate Services Limited. Registered Office : Plot Nos. 38, 39, 50 & 51, IDA, Phase IV, Jeedimetla, Hyderabad – 500 055.

 

By Manager to the Offer :                                   

SMIFS CAPITAL MARKETS LIMITED, 15B, Chander Mukhi Nariman Point Mumbai – 400 021. Tel. No. : 2284 6264 / 65 / 66 Fax No. : 2284 6269 Email : mailto:smifscap@smifs.com Contact Person : Sandip Maniar

 

Place: Mumbai

Date :  16^th June, 2003