Tar get C ompany s hall not f all t o l es s t han 25 % of t he Equ ity Sh are C apit al of t he Targ et C ompan y i.

e mini mum public sha reh olding w il l be m aint ained af ter c los ur e of
PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE SHAREHOLDERS OF
the Of fer . Fur t her t he Ac quir er s co nfir m ed that cl aus e 40A of lis t ing agr eement w ill be c ompl ied w it h al l ti mes .
7. FIN A N C I A L AR R A N GE M EN T S

OLYMPIC OIL INDUSTRIES LIMITED

7.1 In ter m s of R egul ati on 16 ( x iv ) of t he R egulat ions , it i s c onfi r med that the Ac quir er s have adequat e r esour c es an d hav e made f ir m fi nanc ial ar ra ngement s t o m eet t heir
off er ob ligat ions in ful l.
Registered Office: 11, Radha Mandir Building, 213, Sir Bhalchandra Road, Behind Ruia College,
7.2 The f inanc ial obl igati ons of t he A cqui r ers under t he Of fe r w ill be f ulf ill ed t hr ough t he ex is t ing res our c es of t he A cqui r ers and no fur t her bor r ow ings f r om Bank or Fin anci al
Matunga (E), Mumbai – 400 019. Tel.: 022 – 2414 3502; Telefax No.: 022 – 2414 7232
Ins t itut ions or N RI s or ot her w is e is e nvi sage d.
CASH OFFER FOR ACQUISITION OF EQUITY SHARES FROM SHAREHOLDERS
7.3 The max im um pu rc has e c ons ider ati on pay able by t he Ac qui rer s in t he cas e of ful l acc ept anc e of t he off er i s R s . 3, 43, 000 ( R upees T hr ee Lac F ort y Thr ee Thous and
Only ) . T he A cqui r er s hav e opened Fi xed D ep osi t A c c ount w it h B ank of I ndia, K as tur ba Mar g B ran ch, K anpur - 208 001 aggr egat ing R s . 3,50, 000/ - ( R upees T hr ee Lac
and F if ty Thous and Only ) being mor e t han 1 00% of the to tal c ons ider at ion under t he Open Of fer and lien m ark ed in f avo ur of t he Man ager t o the Of fer , M /s . A r yam an
T hi s P ub li c A nn oun cem ent ( " PA " ) is bei ng i ssued by t he M anag er t o t he Of f er, Ar yam an F in anci al Ser vices Li m it ed ( "A F SL ") , on b ehal f of Mr. S uni l Verm a and Mr. U d ay Financ ial Ser v ic es Limi ted, Mum bai.
D esa i pursu ant to R eg ul ati on 10 and 12 and ot her pr ovi sio ns o f C hap t er I I I and in co mp li ance wi t h t h e S ecuri t ies and E xchan ge B oard of In dia ( S ubst ant i al A cqu isi t ion
7.4 Mr . N agendr a S huk la ( Mem ber s hip N o. 40 2900) of J . K . M ans ar amani & C o. , C har t er ed A c co untant s havi ng thei r of fi ce s it uat ed at 25, R aina M ar ket , Par w at i B agla
o f S har es a nd Takeov ers) R eg ul at ion s, 1997 an d subseq uen t am end m ent s t heret o ( her eina ft er ref er red t o as t he "R eg ul ati on s") .
R oad, K anpur - 2080 02 has c ert if ied t hat the A c quir er s hav e adequat e r es our c es a nd im medi ate ac c es s to l iquid ass et s to m eet the fi nanci al r equir em ent s of t he
Open Of fer .
1 . TH E O FFE R
7.5 Bas ed on t he a for es aid fi nanci al ar rang ement s and bas ed on the c onfi r mat ions r ec eiv ed fr om t he Ch art er ed A c co untant ; t he M anager t o the Off er i s s ati sf ied about t he
1 .1 Thi s Ope n Of f er i s bein g m ade by M r. S uni l V er m a r es i ding at 3A / 217, Az ad Nagar , K anpur - 20 8 002 and Mr . Uday Des ai r esi din g at 3A / 90, A za d Naga r,
abilit y of t he A c quir er s t o im plem ent the Of fer in ac c or danc e w it h the R egulat ions . The Manager to the Of fer conf ir m s tha t the fi rm ar r angem ent f or th e f unds and money
Kan pur - 208 002 ( her einaf ter r efe rr ed as " The Ac qui rer s " ) to t he equit y S har eholder s of M /s . O ly mpi c Oi l Indus t r ies Limi ted ( her einaf t er r ef er r ed t o as "O OI L" or t he
for pay ment thr ough v er if iable m eans ar e in pla ce t o f ulf ill the Of fer obli gati ons.
" Targ et C om pany " ).
8. OTH E R T ER M S OF TH E OFF ER
1 .2 The Ac qui rer s hav e enter ed i nto a S har e Pur c has e A gr eem ent dat ed J anuar y 19, 2010 ( " SP A" or " Ag reem ent " ) w i th M r. Vij ay B . Pat il and M r. Muk und B . P at il bot h
8.1 The Off er is n ot s ubjec t t o a ny m inim um lev el of acc ept anc e.
r esi ding at Lax m i Vi jay, A bov e St ate B ank of I ndia, P et h P hat a, P anc hava ti, N ash ik - 422 003. Tel. N o.: 0253 - 251 0001 w ho ar e the c ur r ent pr om oter s of t he Tar get
C ompany ( her einaf ter r efer r ed to as " t he Sel ler s " ) , for the ac quis it ion of 49, 600 ful ly pai d up equit y s har es (" S ale S har es" ) of R s . 10/- eac h r epr es ent ing 20.24% of t he
8.2 A Let t er of Of fer (" t he Le tt er of Of fer " or " LOO" ) , s pec if yi ng t he det ail ed t er ms and c ondit ions of t his Of fe r, along w it h a For m of A c c eptanc e- c um- A c know l edgemen t ( " t he
paid up equit y s har e ca pital o f the OO IL at a pr ic e of R s . 7. 00/- ( R upees S ev en Only ) per equi ty sh are aggr egat ing t o R s . 3, 47, 200/- ( R upees T hr ee La c For t y S ev en
For m of A c c eptanc e" ) and For m of Wit hdr aw al, wi ll be m ailed t o all t he s har ehol der s of OOI L ( ot her than t he A c quir er s a nd t he S eller s ) wh ose nam es a ppear on t he
Thous and and Tw o Hu ndre d O nly ) as det ailed her ein belo w:
R egis ter of M ember s of OO IL, at th e c los e of bus ine ss hour s on, Febr uar y 5 , 2010 ( " the S pec ifi ed D at e" ) .
8.3 All t he S har ehold ers r egis ter ed or unr egi st er ed, ( ex cept the Ac quir er s and t he S elle rs ) who ow n ful ly paid equit y s har es of O OI L any ti me befor e the c los ur e of the Off er
No. of Shares % of the Share Name No. of Shares % of the Share
Name of the
are el igibl e t o par ti ci pate in t he Off er .
agreed to be Capital of the of the Sellers agreed to be Capital of the
Acquirers
8.4 Shar ehol der s w ho ar e ho lding fu lly paid equit y s har es and w is h to t ender their equit y s har es w ill be r equir ed to s end the F or m of Ac c ept ance -c um - Ac k now ledgem ent,
Acquired OOIL Sold OOIL
ori ginal S har e C er t ifi cat e( s ) and blank t r ans fer deed( s) duly s igne d t o t he R egi st r ar t o t he Off er , " Shar ex D y nam ic ( I ndia) Pr iv at e Li mit ed" so tha t the s ame ar e r ec eiv ed
on or bef or e t he C l osur e of the Of fer , at the addr es s giv en bel ow in par a. 8.6, i n ac c ord ance w it h t he ins t r uct ions s pec if ied in t he Lett er of Of fer and t he F orm
of A cc ept anc e.
Mr. Sunil Verma 14,600 5.96 Mr. Mukund B. Patil 14,600 5.96
8.5 If t he shar ehol der s of t he Tar get C om pany h old t he s hare s in dema ter ial is ed f or m, thos e desi r ous of par t ic ipat ing in the Of fer may s end t heir applic at ion along w it h t he
Mr. Uday Desai 35,000 14.29 Mr. Vijay B. Patil 35,000 14.29 duly f
illed For m of Ac c ept ance to the R egis t rar to the Off er , s uc h t hat t he appli c ation s ar e r ec eiv ed by t he R egi st r ar t o t he O ffe r, on or befo re the c los ing dat e of t he O ff er,
st at ing t he na me, addr es s , number of Shar es held, num ber of s har es of fer ed, D epos it or y P art ic ipan t ('D P ') n ame, D P I D num ber, bene fic iar y a cc ount num ber al ong w it h
a phot oc opy of t he del iv er y ins tr uc t ion in 'o ff - mar k et' m ode, duly ac k now ledg ed by t he D P i n f av our " OOI L O pen Of f er Opera ted b y S harex D ynam i c ( I ndi a)
Total 49,600 20.24 49,600 20.24
Pvt . L t d. ", f il led in as per ins t r uct ions giv en below :
D epos i tor y N a m e C DS L
The sal ien t f eat ur es o f t h e S PA s are:
D P N am e Arc ad i a S ha re & Sto c k Br ok ers Pv t. L t d .
1 . At t he ti me of ex ec ut ion of t his agre ement
( a ) The A c quir er s shal l depos it wi th t he Sel ler s an a mount of R s . 3, 47, 200/- ( R upees Thr ee Lac For ty S ev en T hous and and Two H undr ed O nly ) as int er es t- f re e ea rnes t D P I D Num be r 12 0 34 4 0 0
money or d eposi t, w hic h wo uld be fin ally adjus ted agai ns t th e pu rc has e c onsi der ati on.
B ene fi c i ar y Ac c ount N um ber / C l i ent ID 00 6 30 0 3 6
( b ) The Sel ler s s hal l deliv er to t he A c quir er s
Shar ehol der s s houl d ensu re c r edit of thei r shar es in f av our of the depos it or y ac count abov e, befor e t he c los ur e of t he Of fe r. Sha reh older s holding t heir benef ic iar y
• the or igin al shar e c er ti fic at es an d dul y ex ec uted t r ans fer deeds for the s am e, t o be r et ained by t he Ac quir er s as s ec ur it y f or t he depos it pl aced w it h the S ell ers ;
acc ount i n N at ional S ecur i ties D epos itor y Limi ted ( 'N SD L') w ill hav e t o use an inte r- depos it or y del iv er y ins tr uc t ion sl ip f or t he pur pose of c r edit ing t heir Sha res in fav our
of t he s pec ial de posi tor y ac count w it h C ent r al D epos it or y S er vi ce s I ndia Lim it ed ( 'C D S L') .
• undated let t ers of r es ignat ion of al l t he D ir ec tor s of th e C om pany, c ont aini ng a c onfi r mat ion that the r et ir ing dir ec tor s hav e no c laim wh ats oev er aga ins t the C om pany.
8.6 All ow ner s of f ull y pai d equit y sh are s of OO IL, r egis ter ed or unre gis ter ed w ho w i sh to av ail of a nd ac cept t he Of fer c an hand del iv er the For m of Ac c ept ance cum
2. T he pur chas e and sal e of shar es as c ont emplat ed her einabov e sha ll be c om plet ed w i thin 15 w or ki ng d ays fr om t he date of P os t Of fer Publ ic A nnounc ement i ss ued by
Ac k now ledgem ent along w it h al l the r elev ant doc um ents on al l w or k ing day s i. e. f r om Monday to Fr ida y bet wee n 11. 00 a. m. a nd 4. 00 p.m . and on S at urd ay fr om 11. 00
Manager t o t he Off er .
a.m . t o 2. 00 p.m . at :
3. The A c quir er s s hall als o hav e a r ight to r ec onst it ute t he B oar d of D ir ec tor s of t he Tar get C om pany and appoi nt thei r ow n nom inee D ir ect or s as D ir ec tor s / C hair man of
N a me & A ddre s s of Co ntac t P er s on & M ode of
the Tar get C ompany , only aft er c om plet ion of ac ts ment ioned in poi nts 1 and 2 abov e. The Ac quir er s under tak e and conf ir m t hat t hey w il l shi ft the R egis te red Of fi ce of
C ol l ec ti on C e nte r Co ntac t N um be rs D el i v e ry
the C omp any f r om the pr es ent pl ac e w i thin per io d of 120 days f rom the dat e of P ost Off er Publ ic A nnounc ement .
4 . In c as e of non -c om plianc e of any pr ovi s ions of t he S EB I ( Subs t anti al A cqu is iti on of S har es and Tak eov er ) R egulat ions , 1997 pe rt aini ng t o t he Open Off er bei ng S har e x D y na mi c (I ) P ri v a te Li mi t ed
Shr i B . S . B al i ga H a nd D el iv er y /
tr igger ed by thi s S PA , thi s agr eem ent s hall not be act ed upon by t he Sel ler s or t he A c quir er s.
U n it N o .1 , L ut h a ra I nd . Pr em is es , Te l. : 0 22 - 2 8 51 5 60 6 / 56 4 4. R e gi st e re d P os t
1 st Fl oo r, 4 4-E , M Va sa n ti Ma rg , Fax N o. : 0 22 - 2 8 51 2 88 5
5. The neg otiat ed pr ic e f or t he pur pos e of t his agre ement s hall be R s. 7. 00/ - only ( R upees Sev en Only ) per ful ly paid E quit y Shar es ag gre gatin g t o R s . 3,47, 200/ - ( R upees
A nd h er i K ur la Ro a d , S a fe d Po o l, E-m a il : sh ar ex in d ia @v sn l. c om
Thr ee Lacs For t y S ev en T housa nd and Tw o H undr ed O nly ) ar r iv ed on the bas is o f negot iati on a nd w hi ch s hall be the m inim um Of fer P r ic e unde r R egulat ion 20 of t he
Tak eov er R egulat ions . A nd h er i (E ), Mu m ba i - 40 0 07 2 .
1 .3 Pr ior t o th e SPA , one of the A c quir er s, M r. Suni l Ver m a w as holding 14 ,800 ( Fo urt een Th ousand Ei ght H undr ed) E quit y Shar es in t he Tar get C om pany w hic h w er e
N either t he shar e c er ti fic at e( s) nor tr ans f er deed( s ) nor t he For m of A c c eptanc e s hould be sen t to t he Sel ler s or Ac quir er s or O OIL or the M anager t o the Of fe r.
acqui r ed i n t he fin anci al year 2008 - 09 at a hig hest pr ic e of Rs . 6. 00/ - per s har e & at a aver age r at e of R s. 4 .68/ - per s har e w hi le Mr . U day D es ai w as holding 10, 900
8.7 Per s ons w ho h ave ac quir ed s har es of t he Tar get C ompany ( ir r es pec tiv e of the dat e of pur c has e) but w hos e names do not appear in the R egi st er of M ember s of t he
shar es v ia his r elat iv es i .e w i fe & son, w hic h w er e ac quir ed by them in the f inanc ia l ye ar 200 8 - 09 at a highes t p ri ce of R s . 6. 00/ - per s har e & at a av er age r ate of
Tar get C om pany on t he S pec ifi ed D at e o r tho se w ho hav e not r ec eiv ed t he Lett er of O ff er and U nr egis ter ed ow ner s w ho do not r ec eiv e a c opy of the Lett er of Off er c an
Rs . 4.94/ - per s har e.
send t heir a pplic at ion in w r i ting on plain paper s tat ing N ame and A ddr es s of t he Fir s t H older , N am e( s) & Addr es s ( es ) of J oint Hol der ( s) if any , N umber of equi ty s har es
1 .4 As a r esul t of the pr opos ed ac quis it ion under S PA, the s har ehol ding of t he Ac quir er s ex ceeds 15% of t he Ful ly P aid up E quit y Shar e C apit al of the Tar get C om pany held, N um ber of equit y shar es off er ed, D i st inc t iv e N os . , Fol io N o., toget her w it h t he or iginal Shar e
C er ti fi cat e( s ), v alid Tr ans fer D eeds and the Or igi nal C ontr ac t N ot e
res ul ting in t r igger ing of t he R egulat ions and henc e t his Of fer is being made pur s uant t o and in ter m s of the R egulat ions . is sued by t he Br ok er of a r ec ogniz ed s toc k exc hange, th roug h w hom th ey ac quir ed t heir equit y s har es and / or s uc h other doc ume nts as m ay be
spec if ied, s o as t o
rea ch t he R eg is tr ar s t o the Of fer on or befor e th e c los ur e of t he Off er.
1 .5 Mr . S unil Ver m a and Mr . U day D es ai, is m aki ng an open of fer t o t he pub lic s har eholder s ( i. e. S har eholder s ot her th an t he Ac quir er s and Sel ler s ) of Oly m pic Oi l
8.8 No i ndemni ty is requ ir ed fr om t he unr egis te red ow ner s w hils t ac c ept ing the Of f er.
Indus t ri es Lim it ed t o ac quir e upt o 49, 000 ( F ort y N ine Thous and) r epre sent ing 20% of t he E quit y S har e C api tal of OO IL at a pr ic e o f R s. 7. 00/ - ( R upees S ev en Onl y ) per
shar e ( " Of fer P ri c e" ) pay abl e i n cas h s ubjec t to t he ter m s and c ondit ions m entio ned in thi s P A and in t he Lett er of Of fer t hat w i ll be c ir c ulat ed to t he sh areh older s i n
8.9 A copy of t he Lett er of Off er (i ncl uding th e F or m of Ac c ept ance and th e F or m of Wit hdr aw al) w ould als o be av ai lable on SE B I's w ebs ite ( ht tp: // w w w. s ebi. gov. in) d uri ng
acc or danc e w ith t he SE B I ( SA S T) R egulat ions . Thi s Of fe r is not s ubjec t to any mini mum l ev el of ac c eptanc e.
the per iod t he O ff er is open and may al s o be d ow nloaded f r om th e s it e. In cas e of non- re cei pt of the Lett er of O ff er, s har eholde rs may dow nl oad t he s am e f rom t he S E BI
w ebsi te or obtai n a c opy of the s ame f r om the M anager t o the Of fe r or the R egis t r ar t o t he Of fer on p rov id ing sui tabl e doc um ent ary ev idenc e of ac quis it ion of S har es.
1 .6 The s har es of the C ompany are li st ed on ly at B ombay St oc k E xc hange Lim ite d, Mum bai (B S E) . The s har es a re plac ed under Gr oup Z hav ing a S cr ip C ode o f " 507609"
8.10 T he R eg is tr ar t o t he Off er w i ll hold i n t r us t of the s har e c er ti fic at es , For m of Ac c ept anc e, if any, an d t he t r ans fer f or m( s ) o n behal f of the s har eholder s of O OIL w ho hav e
and S c ri p I D is " OLY OI " . As t he annualiz ed tr adin g t urn over of the E quity Shar es o f the OOI L is not m or e t han 5% of th e t otal num ber of li st ed s har es o n B SE , t he equit y
acc ept ed the Of f er, un til t he c heques / dr aft s f or the c ons ider ati on and / or the unac c epted equi ty sh ares / s har e c er tif ic at es ar e des patc hed / ret ur ned.
shar es of OOI L ar e deem ed to be infr equen tly w it hin the meani ng o f ex planat ion (i ) t o R egul ati on 20( 5) of t he R egul ati ons as applic able t o i nfr equent ly tr aded Sha res .
8.11 If the aggr egat e of the v ali d r espon ses t o the O ff er exc eeds 49, 000 ful ly paid up equi ty s har es, t hen the A cqui r er s s hall acc ept the val id appli cat ions r ec eiv ed on a
R s. 7 . 0 0
(a ) N eg o ti a t ed p ric e u n de r t h e Sh ar es Pu rch a se A gr ee m en t
pro port ionat e basi s in ac cor danc e w ith R egulat ion 21( 6) of t he R eg ulati ons in s uch a w ay that ac qui si tio n f r om a s har eholder sh all not be l ess than th e m ar ket l ot or t he
enti re holdin g if it is les s than the mar k et lot . The Equi ty S har es of OOI L ar e t r aded i n P hy si cal mo de as w ell as in D emat m ode, w it h the lot s iz e of 50 shar es and 1 s har e
(b ) H ig he st p ri ce pa i d b y t h e A cq ui re rs f o r a cq u isi t io n s, i f a n y, N o t A pp l ic ab le
re spec t iv ely .
i nc lu d in g by wa y o f a ll ot m en t in ~ a Pu b li c o r R ig ht s or
8.12 Un acc ept ed S har e C er t if ic ates , t r ansf er f or ms and ot her doc um ents , if any , w ill be r etur ned by R egis t ere d P ost / Speed Po st at t he s har ehol der s' / unr egis t ere d ow ner s '
P re fe re n t ia l I s su e, d u rin g t he 2 6 w e e k p er io d p ri o r t o t h e da t e of
sol e ri sk t o t he s ole / f ir s t s har eholder . U nac c ept ed shar es held in dem at eri alis ed f or m w ill be c r edit ed bac k t o the benef ic ial own ers ' D P acc ount w ith t he r esp ect iv e
t h e Pu bl ic A n no u nc em e nt . depos itor y par tic i pant as per t he det ail s f urni s hed by the benef ic ial ow ner in the For m o f Ac c eptanc e. It w il l be t he r espo nsi bili ty o f the s har eholder s to ens ur e t hat t he
unacc ept ed s har es ar e ac ce pted by thei r r es pec ti ve depos it or y p art ic ipant s w hen t r ans fer r ed by the R egis t r ar t o the Of f er.
Se p. 3 0, 2 0 09 Ma r ch 3 1 , 20 0 9
(c) Othe r P a ra m et er s as a t:
8.13 De spat c hes inv olv ing pay m ent of a v al ue in ex c es s o f R s . 1,500/ - w ill be m ade by r egis ter ed post / speed post at t he sh are holder 's s ole r is k . I n c as e s har eholder s
( Un- audi t ed) (A udi te d)
res id ing i n any of t he c ent er s s peci fi ed by t he S E BI and hav e opt ed an opti on t o get pay m ent co nsi der ation th rou gh elec t r onic t r ans fer of f unds by u si ng E C S ( Elec t r onic
C lear ing Se rv ic e) , D i rec t C r edi t, RT GS ( R eal Ti me Gr os s S et tlem ent ) or N EF T ( N ation al Ele ct r onic Funds Tr ans f er ), as i s f or t he tim e being per mi tt ed by t he R es er v
e
( 0. 6 7 ) (8 . 5 2)
(i) Re t u rn on N et w o rt h (% )
Bank of I ndia s hould pr ovi de all the nec es s ar y B ank det ail s inc ludi ng MI C R c ode or R T GS c ode or IF SC c ode i n F or m of A c cept anc e- c um- A ck now ledg ement an d t he
R s . 1. 0 6 R s. 1 . 0 7
(ii ) B oo k Va lu e Pe r Sh a re paym ent i nti mat ion w ill be s ent t o the s ole / f ir s t nam ed s har ehol der of OOI L w hos e equit y s har es are ac c ept ed by the A cqui r ers at hi s addr es s r egi st er ed w it h O OIL.
Re jec ted doc ument s w il l be s ent by r egi st er ed post / speed pos t. A ll ot her des pat c hes w ill be made by or di nar y pos t at t he s har eholde r's s ole r i sk . A ll ch eques / dem and
R s. ( 0. 0 1 ) R s. (0 . 0 9)
(ii i ) Ea rn in g Pe r Sh a re
dra ft s w il l be c r oss ed Ac c ount P ay ee and w il l be dr aw n in the name of t he fir s t hol der, i n c as e of joint hol der ( s) . I n cas e of unr egis t er ed ow ner s of s hare s, pa ym ent w il l
be made in t he nam e of t he per so n st ate d i n the c ont r act not e. I t w il l be des ir able if t he shar ehol der s pr ov ide ban k ac c ount de tail s i n the F orm of A c cept anc e- c um-
In vi ew of the par ame ter s c ons ider ed an d pr es ented in t able abov e, in t he o pinion of the A c quir er s and Manager to the Off er, t he O ff er P r ic e of R s . 7.00/ - ( R upees S ev en
Ac k now ledgem ent f or inc or pora tion i n t he c heque / dem and dr aft .
Only ) pe r s har e being th e hi ghes t of t he pr ic es m enti oned above i s jus t if ied in ter m s of R egulat ion 20( 5) & 20( 11) of t he R egulat ions .
8.14 W hile t ender ing the equi ty sh are s under the Of f er, N R I s / OC Bs / f or eign s har eholder s wi ll be r equir ed to s ubm it t he pr evi ous R B I Ap prov al s ( s pec ifi c or gener al) that
1 .7 As on the dat e o f PA , t he Manager to t he Off er does not hold any equit y s har e in the Tar get C om pany. T hey d ecl ar e and under t ak e not t o dea l in the s har es of OOI L
they hav e t ak en to ac quir e t he equit y s har es of the Tar get C om pany. In c as e the pr ev ious R BI appr oval s ar e not s ubm it ted, A c quir er s r es er v e the r ight to r ejec t s uc h
duri ng the per iod c omm enc ing fr om the dat e of th eir ap point ment a s M anager t o the Of fer t ill t he e xpi r y of 15 day s of c los ur e of the Of fer .
equit y s har es tend ered . Whi le tend eri ng s hare s under t he Of fer , N R I s / OC B s / f or eign s har eholder s w ill be r equir ed to s ubm it a Tax C l eara nce C er t if ic ate f r om t he
1 .8 Ther e ar e no 'Per s ons Ac t ing i n C onc er t' wi thi n th e mean ing of R egulat ion 2(1 )( e) of t he R egula tions i n r elat ion t o t his Of f er. H ow ev er, due to t he appl ic abili ty of Inc ome Ta x a uthor it ies , indic at ing t he am ount of t ax to b e deduc ted b y A c quir er s under the Inc ome Tax A ct , 1961 ( th
e " Inc om e Tax A c t" ) , befor e r em it ti ng the cons id erat ion.
In ca se th e af or esai d Tax C l ear ance c er ti fic at e i s not s ubmi tt ed, Ac qui rer s w ill ar r ange t o deduc t tax at the r ate as m ay be appli ca ble t o the c ategor y o f the s har eholder
Re gulat ion 2( 1)( e) of t he R egulat ions , t her e cou ld be cer t ain ent iti es deem ed to be P er sons Ac t ing in C onc er t w it h the Ac quir er s .
under t he Inc om e Tax Ac t , on the ent ir e c ons ider ati on amount paya ble to s uc h s har ehol der.
1 .9 The Off er is not su bjec t t o any mi nim um lev el of ac c ept anc es f r om s har eholder s an d i s not a c ondi tiona l Off er.
8 .1 5 A s p e r t h e p r o v isi on s o f S e c tio n 1 9 6 D( 2 ) o f t h e I n co m e Tax A c t, n o d e d u c tio n o f ta x a t s o u r ce sh a ll b e m a d e f ro m a n y in c o me b y w a y o f ca p i ta l g a in s a
ri si ng fr o m th e tr a n s fe r
1 .10 The A cqui r er s shal l ac c ept all the equit y s har es of OOI L t hose ar e t ender ed in v alid for m in ter m s of this Off er upt o m axi mum of 49, 000 ( F ort y N ine Thous and)
o f se c u r iti es r ef e r re d t o in Se c t io n 1 1 5 AD o f t he I n co m e Ta x Ac t p a y a b le t o a Fo r e ig n In s tit u ti o n al I n ve s to r ( " FII " ) a s d e f in e d i n S e ct io n 11 5 A D o f
t h e I n co m e Ta x Ac t .
repr es ent ing 20. 00% of the P aid- up E quity S har e c api tal of OOI L.
8.16 A sc hedul e of so me of t he key ev ents in r esp ect of t he O ff er i s giv en below :
1 .11 This is no t a com pet it iv e bi d.
1 .12 A ll s har es tend ered s hall b e f r ee fr om l ien, c har ges and enc umbr anc es of any ki nd, w hat soev er . A C TI VI TY D AT E D AY
1 .13 The A cqui r er s have under t aken to co mply w i th the R egulat ions and com plet e t he Of f er fo rm ali ties i r re spec t iv e of t he c ompl ianc e or ful fil lme nt o r outc om e of t he
P u b l ic A n n o u n ce m e n t Ja n u a r y 2 2 , 2 0 1 0 F ri d a y
Agr eem ent and i ts r elate d c ondi tion s.
S p e ci fi e d Da t e * Fe b ru a r y 5 , 2 0 1 0 F ri d a y
1 .14 T he Ac quir er s , S ell er s and t he Tar get C om pany hav e not been pr ohi bit ed by S E BI fr om dealin g in s ecur i ties , in t erm s of di r ect ions is s ued under S ect ion 11B of t he
Sec ur it ies Ex c hange Boar d of I ndia Ac t , 1992 as amended ( t he " S E BI A c t" ) or under any ot her R egul atio n m ade under the S EB I A ct .
L a s t d a te fo r a Co m p e ti ti ve Bi d Fe b ru a r y 1 2 , 2 0 1 0 F ri d a y
1 .15 T he Off er is not as a r es ult of global ac quis it ion r es ult ing in indi rec t acqui si ti on of OOI L.
Da te b y wh ic h L e tt e r o f Off e r t o b e p o s te d to th e s h a re h o l d e rs Ma r ch 6 , 2 0 1 0 S a tu rd a y
1 .16 T he A c quir er s hav e not ent er ed i nto any i nter - s e a gre ement f or the pur pos e of alloc at ion of th e s har es r ec eiv ed in thi s Of fer . T he s har es , w hic h w ill be tend ered in t he
Da te o f O p e n in g o f th e Offe r Ma r ch 1 3 , 2 0 1 0 S a tu rd a y
Open Off er , w ill be al loc ated am ongs t t he A cqu ir er s as per t heir mu tual c ons ent .
L a s t d a te fo r re v i si n g t h e Offe r P ri c e / Nu m b e r o f S h a r e Ma r ch 2 2 , 2 0 1 0 M on d a y
2 . IN FO R MA TI ON A B OU T T HE A C Q U IR E R S
L a s t d a te fo r wit h d ra wa l o f a cc e p ta n c e b y th e s h a re h o l d e r s Ma r ch 2 9 , 2 0 1 0 M on d a y

2 .1 Mr . Suni l V er ma, aged 52 y ear s i s r esi ding at 3A / 2 17, A z ad N agar , K anpur - 20 8 002. Tel. N o. 0512 - 234 7543; Fax N o.: 0512 - 234 8188. H e h as c omple ted his B .S c
& LLB and is c ur r ent ly l ooki ng af t er t he ac t iv it ies v iz . , A dm inis t ra tion, A c co unts and Tax ati on m at ter s f or F r ost Int er nati onal Lim it ed s inc e it s inc ept ion in his c apac it y of
Da te o f Cl o s u re o f th e O ffe r Ap r i l 1 , 2 0 1 0 T hurs day
Wholet ime D ir ec tor . The N etw or t h of M r. S unil Ver m a as on N ov embe r 30, 2009 is R s . 1479.41 Lac ( R upees F our teen C r or e S ev enty N i ne Lac and For t y One T hous and
Da te o f c o m mu n i c a ti n g th e re j e ct io n /a c ce p ta n c e a n d p a y m e n t o f Ap r i l 1 6 , 2 0 1 0 F ri d a y
Only ) as ce rt if ied by M r. N agendr a S huk la ( Me mber s hip N o. 402900) of J . K . Mans ar am ani & C o., C har t ere d A c co untant s hav ing t heir of fic e s it uat ed at 25, R ai na
Mar k et, Par w at i Bagl a Ro ad, K anpur - 208 002. Tel. N o. 0512 - 253 2673; Fa x N o. 0512 - 234 8188.
c o n si d e r a ti o n fo r th e a c q u i re d s h a r e s
2 .2 Mr . U day D es ai, a ged 53 y ear s is r es iding at 3A /9 0, Az ad N agar, Kanpur - 2 08 002. Tel . N o. 0512 - 23 4 7542; Fax N o.: 0512 - 234 8188. H e has c om plet ed hi s B .S c
*S peci fi ed D at e is only f or t he p urpo se of det er mini ng t he nam es of t he shar ehol der s as on s uch dat e t o w hom t he L ett er of Of fer w ould be s ent . A ll ow ner s ( r egis t er ed
& M BA and is c ur r ent ly look ing aft er the ac t iv it ies v iz . , F inanc e, P r ocu rem ent , M ark et ing and P ublic R elat ions for Fr os t I nt er nati onal Lim it ed s i nce it s inc epti on in his
or unr egis t er ed) of equit y s har es of t he Targ et Com pany ( ex c ept the A c quir er s and Sel ler s ) ar e el igible to par ti ci pate in t he Off er any t ime bef ore th e c los ur e of t he Of fe r.
capac it y of C hair man and Manag ing D i r ect or . The N etw or t h of Mr . U day D es ai as on N ov ember 30, 2009 is R s. 20 62.39 Lac ( R upees Tw enty C r ore S ix ty Tw o Lac and
Thir t y N i ne Thous and Onl y) as c er ti fi ed by Mr . N agendr a S huk la ( M ember s hip N o. 402900) of J . K . Mans ar ama ni & C o., C har ter ed A c count ant s h avi ng thei r off ic e
8. 17 In cas e R B I appr ov al f or ac quis it ion of s har es f rom non- r es ident s har eholder s is u nduly delay ed, t he Ac quir er s r es er ve the r ight to pr oceed w it h pay ment t o t he
si tuat ed at 25, R ai na M ar k et, Par w at i Bagl a R oad , Ka npur - 208 002. Tel. N o. 0512 - 253 2673; F ax N o. 0512 - 234 8188.
r esi dent s har ehold ers w hos e s har es h ave bee n acc ept ed by the A cqui r ers in ter m s of thi s O ff er, pendin g paym ent to t he non- r es ident shar ehol der s, s ubjec t t o t he
enti r e am ount pa yabl e to non- r es ident s har ehol ders being k ept i n a es c r ow acc ount w hose v alue c an be r ealis ed by the Ma nager as per the R egul ations .
2 .3 Ther e i s no blood rel ati on bet w een A c quir er s i. e. M r. S unil Ver m a an d M r. U day De sai . They bot h have t ogether pr omot ed com panies i.e . (a ) Fr os t I nter nat ional Lim it ed
and ( b) Fr os t I nf ras t r uct ur e and Ener gy Lim it ed; henc e they ar e r elated t o the ex t ent t hat t hey ar e bus ines s pa rt ner s .
9. GE N ER A L
2 .4 The A c quir er s hav e not enter ed int o any non -c om pete agr eem ent w it h th e S ell er s.
9. 1 N eit her th e Targe t C om pany nor the Sel ler s nor t he A c quir er s , h ave been pr ohi bit ed by S E BI f r om dealing in s ec ur it ies , under di re ct ions i ss ued pur suan t to Sec t ion 11B
of t he S E BI A c t, 199 2.
3 . IN FO R MA TI ON A B OU T TH E TA RG ET C OM PA N Y
9. 2 Pur s uant to R egulat ion 13 of t he R egulat ions , t he A c quir er s h ave appoi nted Ar y am an Financ ial S er v ic es Li mit ed, M um bai as M anager to t he Off er.
3 .1 M/ s. O ly mpi c Oil I ndus tr ies Lim ited ( OOI L) w as inc or por ated on Jul y 29, 1980 under t he C ompani es Ac t , 1956 i n t he s t ate of M ahar as htr a. The R egis t er ed & C or por at e
9. 3 Shar ehol der s w ho hav e acc ept ed the of fer by tender in g t he r equis it e do cum ent s, in ter m s of the P ublic Announc em ent / Lett er of Of fer , c an w it hdr aw t he s ame upt o Off ic e of
O OIL i s s it uat ed at 11, R adha M andir B uild ing, 21 3, S ir Bh alc handr a R oad, B ehind R ui a C ollege, Mat unga ( E ) , M umbai - 400 019 . Tel. : 022 - 2414 3502;
Tel efax N o.: 022 - 2414 7232.
thr ee w or ki ng da ys pr ior t o t he date of c los ur e of the off er . The w it hdra wa l opt ion c an be ex er c is ed by sub mit ti ng t he docu ment as per t he ins tr uc ti on bel ow and in th e
Lett er of O ff er, so as t o re ach t he R egis t rar t o the O ff er at t he col lec ti on ce nter m entio ned in 8.6 ab ove, as per the m ode of del iv er y i ndic ated t her ein on or bef or e
3 .2 The C om pany w as i nc orp orat ed w ith th e m ain obj ec t of car r y ing ac tiv it ies in ex t r act ing oil eit her by c r us hing, by chem ic al or by any other pr oces s es f r om co pra mu st ar d
Mar c h 29, 2010.
or r ape s eed, t ii l se ed c ot ton s eed, lin s eed, c as t or s eed, gr oundnuts or any other nut or s eed or oil bear i ng subs t anc e.To pr oduc e a nd t o deal in hy dr ogenat ed oils ,
veget able ghee, but ter s ubs tit ut es and al l other k inds of oi ls and oil pr epar at ion and pr ima ri ly to c ar r y on bus ines s of m anufa ct ur e and dealer s in all k inds of oi ls , oi l
• The w it hdr aw al optio n c an be exer c is ed by s ubm itt ing t he F or m of Wit hdr aw al ( w hic h wi ll be se nt to t he s har ehol der s along w it h the Let ter of Of fer ) to t he R egi st r ar 's
seeds , oi l pr oduc t s and the c ulti vat ion of oil s eeds and th e bus ines s of buy er s , dealer s and s ell ers of oil s eeds and oil pr oduc t. A s on da te of PA , the C ompany does not
Off ic e.
have any m anufac t ur ing f aci lit ies .
• In c ase of non- r ece ipt of the For m of Wi thdr aw al, t he w i thdr aw al opt ion c an be ex er c is ed by s ubm it ting an ap plic at ion t o t he R egi s tr ar 's Of fi ce on pl ain p aper along w it h
3 .3 As on dat e of t his P A, t he is s ued, s ubs cr ib ed and pai d-up c apit al of t he Tar get Co mpany is R s . 24, 50, 000 ( R upee s Tw enty Four Lac an d F ift y T hous and O nly ) di vi ded
the f ollow in g det ails : N am e( s ), A ddr es s, Di st inc t iv e N os . , Fol io Nu mber , Total num ber of shar es held, N um ber of sha res tend ere d, N umber of s har es t o be w it hdr aw n.
into 2, 45,000 ( Tw o Lac and For t y Fi ve Thous and) equit y s har es of R s . 10/ - eac h. T her e ar e no part ly paid up s har es in t he Tar get C om pany . T here ar e no out s tandi ng
• C opy of th e ac k now ledgem ent r ec eiv ed f r om the R egis tr ar t o t he O ff er w hil e t ender ing s har es s houl d be sent al ong w it h t he For m of Wit hdr aw al / p lain paper
conv er t ible ins t r ument s ( debent ur es /w ar r ant s/ FC D s /P C D s) et c. int o e quity s har es on any lat er d ate. T her e is no s har e under loc k -i n peri od.
applic at ion f or wi thdr aw al .
3 .4 The Equi ty s hare s of O OIL ar e lis t ed only on B omba y S toc k E x c hange Limi ted, Mum bai i. e. B SE .
9. 4 The s har e c er t if ic ate( s ) i n res pec t of s har es w it hdr aw n by t he sha reh older s w oul d be r et ur ned by t he R egis tr ar s to t he O ff er by r egis te red pos t .
3 .5 As on t he d ate of t he P A, t he Boar d of D ir ec t ors of Tar get C ompa ny c ons is ts of Mr . V ijay B . P at il, M r. S ant os h R . K am anka r, M r. Dh ananjay R . K ale , Mr . H ar ik is handas
9. 5 Shou ld the Ac quir er s dec ide to r ev is e the of fer pr ic e upw ard s; suc h upw ar d r evi si on wi ll be mad e i n ac c or danc e wi th R egula tio n 26 of the R egulat ions not l ater tha n
D. San ghavi an d M r. Shi lendr a P. S ingh.
Mar c h 22, 201 0 i. e. 7 w or k ing days pri or t o t he of fer c los in g dat e. If t he of fer pr i ce is r ev is ed upw ar d, s uc h r ev is ed pr i ce w ill be p ayabl e t o all t he s har eholder s w ho hav e
3 .6 The br ief audi ted f inanc ials of t he Tar get C ompany ar e as f ollow s :
ac cept ed thi s of fer and subm it ted t heir sh ares at any ti me dur ing th e per i od bet w een the of fer opening dat e an d t he off er c los ing dat e to th e ex t ent t heir shar es hav e
been ve ri fie d and ac c ept ed by t he A c quir er s. A ny suc h upw ar d r ev is ion w ill be announc ed in t he sam e new s paper s in w hi ch t his Publ ic A nnounc ement appear s .
P a rti c ul a rs A s on Se ptm be r 3 0 , 20 0 9 U n-a udi te d A s on M ar c h 3 1, 2 00 9 (A udi te d)
9. 6 If t here i s a co mp et it i ve b id :
Tot a l In co m e ( in La c ) - -
• The pu bl ic of f er un der al l t he subs ist i ng bi ds shal l cl ose on t h e sam e dat e.
P ro f it / (L o ss) A ft e r Ta x ( in L ac ) ( 0. 0 2 ) (0 . 2 2)
• A s t he o ff er pri ce cann ot b e revi sed d uri ng se ven wo rki ng d ays pr ior t o t he clo sing dat e o f t he o ff er s / b id s, it wo ul d, t heref or e, b e in t he i nt erest of
E a rni n g P er Sh ar e ( in R s. ) ( 0. 0 1 ) (0 . 0 9)
shareh ol ders t o wai t t i ll th e com m encem ent of t hat peri od t o kno w t he f ina l of f er pri ce of each bi d and t end er t hei r ac cept ance accor di ngl y.
9. 7 The Ac qui rer s , in t erm s of R egu lati on 27 of the R egul ati ons w i ll not pr oc eed w it h the O ff er i n the event t he any applic able st atu tor y appr ov al is r efus ed. Any s uc h B o ok Va l ue Pe r S
ha re (i n R s .) 1. 0 6 1. 0 7
w it hdra wa l fr om t he Off er by t he A c quir er s w il l be noti fied in t he for m of a Publ ic A nnounc ement in the s ame new s paper s in w hic h t his PA appear ed.
N e t w ort h (i n La c) 2. 5 9 2. 6 1
9. 8 For fur t her d etail s , pleas e r efer to t he Lett er of Of fer , t he F or m of A cc ept anc e a nd t he For m of Wit hdr aw al.
R e t ur n o n N et w o rt h ( in % ) ( 0. 6 7 ) (8 . 5 2)
9. 9 The A cqu ir er s a cc ept ful l r es pons ibil it y f or t he inf or mat ion c ont ained i n t his PA a nd als o ac c ept r es pons ibi lit y for t he obl igat ions of the A cq uir er s cont ained in t he
R egulat ions .
4. R EA S ON S F OR TH E A C QU IS I TI ON , OF FE R A N D F U TU R E P LA N S
9. 10 El igibl e per s ons to t he Off er may dow nload a co py of t his PA f r om S EB I' s w ebs it e at w w w. s ebi. gov. in. E li gible per s ons t o the Of f er m ay al so dow nl oad a c opy of t he
4. 1 T he O ff er ha s been m ade pu rs uant to R egulat ions 10 and 12 an d ot her pr ovi si ons of C hapter I II an d i n c om plianc e w it h the R egulat ions .
Lett er of Of fe r, For m of Ac c ept ance and F or m o f W ithd raw al , w hic h w il l be avai lable on S EB I 's w ebs it e w w w .s ebi. gov. in, f r om t he Off er openi ng dat e i. e. Mar c h 1 3, 2010
 and can appl y on t he s am e.
4. 2 T he p ri me objec t of th e O ff er i s t o ac qui re s ubs ta ntial a cqui si ti on of s har es / v ot ing r ight s of the Targ et C ompa ny t her eby obt aini ng m anagem ent c ont ro l of the Tar get
C om pany. A ft er acqui r ing the C om pany, t he A c quir er s wi ll inf us e fr es h funds in the C om pany & then t hey w i ll div er s ify t he ac t iv it ies o f the C om pany.
IS S U ED B Y MA N A GE R T O TH E OF FE R ON B E HA L F OF TH E A C QU I R ER S
4. 3 T he A cqui r ers do not ha ve any pla ns to dis pos e of o ther w is e encum ber an y as set s of O OIL in t he next tw o year s exc ept i n t he or din ary cou rs e of bus ines s of t he Tar get
Sharex Dynamic (I) Pvt. Ltd.
Aryaman Financial Services Ltd.
C om pany and ex cep t t o the ex t ent requ ir ed for t he pur pos e of r es t r uct ur ing and / or r ati onaliz at ion of oper ati ons , as s ets , inv es tm ents , liabi lit ies or other w is e of th e
Tar get C om pany for c omm er c ial r eas ons and op erat ional eff ic ienc ies . Unit No.1, Luthara Ind. Premises,
60, Khatau Building,
4. 4 O ther t han in t he or dinar y c our se of bus ines s , t he Ac qui rer s under t ak e that th ey w i ll not s ell, dis pos e of o r ot her w is e enc um ber any s ubs t anti al as set of the Tar get 1st Flr, 44-E, M Vasanti Marg,
Alkesh Dinesh Modi Marg,
C om pany ex c ept wi th the pr ior appr ov al of t he s har eholde rs o f t he Tar get C ompany a nd in acc or danc e w it h and s ubjec t to the applic able law s , per mis s ions and
Andheri Kurla Road, Safed Pool,
Opp. P J Towers (BSE building),
c ons ent s, if any .
Andheri (E), Mumbai - 400 072.
Fort, Mumbai - 400 001.
5. S TAT U TOR Y A PP R OVA L S / OT H ER A PP R OVA L S R EQ U IR E D F OR T H E OFF ER
Tel. No. 022 - 2851 5606 / 2851 5644
Tel: 022 - 2261 8264 / 2261 8635;
5. 1 T he O ffe r is subj ec t to th e Ac qui rer s obtai ning the appr ov al( s ) f r om R es erv e Ba nk of I ndia ( RB I ) , if any , under t he For eign E xc hange Ma nagement A c t, 199 9 ( " FE M A" ) . Fax No. 022 - 2851 2885
Fax: 022 - 2263 0434
E-mail: sharexindia@vsnl.com
5. 2 A s on date of this PA , t o the bes t of t he kn owl edge of t he Ac quir er s , t her e ar e no other s tat ut or y appr ov als and / or c ons ents r equir ed. H ow ev er, the Of fe r w oul d b e Website: www.afsl.co.in
s ubjec t to all -s t atut or y ap prov al s as may be r equir ed and / or may su bseque ntly bec ome nec es s ar y t o a cqui r e at any l ater dat e.
Contact Person: Shri B. S. Baliga
Email: info@afsl.co.in /
5. 3 I n c as e of del ay in r ec eipt of a ny s t atut or y appr ov al, SE BI has t he pow er to gra nt an ex t ens ion of the tim e r equir ed f or pay men t under t he Of fer pr ov ided t hat the
aryaman_limited@rediffmail.com
A c quir er s agr ee t o pay int er es t in ac c or danc e w i th R egulat ion 22( 12) of t he R eg ulati ons . Fur t her, if t he delay occ ur s due to th e w i llf ul defau lt or neglec t or inac t ion of
Contact Person: Mr. Deepak Biyani
A c quir er s in obta ining t he r equis it e appr oval s , t he amount ly ing in t he E sc r ow Ac c ount s hal l be liab le to be f or fei ted and de alt i n the m anner pr ov ided in R egul ation
Mr. Ankit Doshi
28( 12) ( e) of t he R egulat ions , apar t f r om t he A c quir er s b eing liabl e f or penalt y as pr ov ided in t he R egu lati ons .
5. 4 N o appr ov al is r equir ed fr om an y bank or f inanc ial i nst it uti on, f or t his Off er , t o t he bes t of t he kno wl edge of t he A c quir er s .
T he A c quir er s ac c ept t he r es ponsi bili ty for t he infor m ati on con taine d i n this P ublic Announ cem ent and al so f or the obli gati ons of th e A cq uir er s la id dow n in the S E BI
( S ubs tant ial A cq uis iti ons of S har es and Tak eover ) R egulat ions , 1997 and subs equent amen dment s m ade th ereo f.
6. O PT ION IN TE R M S OF R E GU LA TI ON 21 (2)
A s per t he Lis ti ng Agr eem ent s w it h t he B SE an d in ter m s of c laus e 40A of t he Li s ting Agr eem ent ( as ame nded) , the Tar get C om pany is req uir ed t o m aint ain at leas t 25%
P la ce: Mu m bai
publ ic shar ehol ding for li st ing on a c onti nuous bas is . Pur s uant t o s ucc es s ful c los ur e of t he Off er and even as s umi ng full acc ept anc es, the publ ic s har ehol ding of t he
D at e: Jan uary 21, 2010