PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF
EQUITY SHAREHOLDERS OF S.R.P. TOOLS LIMITED
Registered Office : 108, Thambu Chetty Street, Chennai – 600 001
This Public Announcement is being issued by Andavar Investments Private Limited, Subramanian Investments Private Limited, Valliammai Investments Private Limited and Ramanathan Investments Private Limited, (“Acquirers”) pursuant to Regulation 27(1)(d) in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (“Regulations”) further to the Public announcement (PA) made on 21 August, 2003. The Shareholders are requested to kindly note that SEBI has vide its order dated 31 August 2004 directed the Acquirers to make a fresh public offer under the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 with regard to the acquisition of remaining shares of M/s.SRP Tools Limited. Therefore the earlier voluntary offer made by the Acquires vide their PA dated 21 August 2003 to consolidate their holding by acquiring 7,42,560 equity shares of Rs.10/- each of M/s.SRP Tools Ltd , representing 25.002% of the issued and paid up equity Share capital of M/s.SRP Tools Ltd, held by the public shareholders at a price of Rs.35/- (Rupees Thirty Five only) per share in cash hereby stands withdrawn. The Acquires accept full responsibility for the information contained in this PA and also for the obligations of the Acquires as laid down in the Regulations. This PA would be available on the SEBI website at www.sebi.gov.in
Issued by the Acquirers, ie.,
Andavar Investments Pvt. Ltd, Subramanian Investments Pvt. Ltd.,
Valliammai Investments Pvt. Ltd., Ramanathan Investments Pvt. Ltd.
Regd. Off : No.11, College Lane, Chennai – 600 006
Date : 15.10.04