Updates on Open Offer

Birla Capital and Financial Services Ltd ("Manager to the Offer"), on behalf of Mrs Somaraju Lakshmi Kalyani ("Acquirer") has informed this Second Corrigendum to the Public Announcement and Detailed Public Statement ("Second Corrigendum to PA and DPS") to the Equity Shareholders of Swagruha Infrastructure Ltd (formerly known as Memory Polymers Ltd) ("Target Company"), which is in continuation of & should be read in conjunction with the original Public Announcement ("PA") filed with SEBI on May 10, 2012, Detailed Public Statement (DPS") appeared May 17, 2012 & Corrigendum to the PA & DPS ("Corrigendum 1") appeared on May 18, 2012, pursuant to and in compliance with Regulation 3 (1) & 4 of the SEBI (SAST) Regulations, 2011 ("Regulations").

The terms used in this Second Corrigendum to PA & DPS have the same meaning asssigned to them in the PA, DPS & Corrigendum 1 issued earlier, unlass otherwise specified.

The Equity Shareholders of the Target Company are requested to note following information related to the Open Offer.

1. SEBI Observation:

On behalf of the Acquirer, the Manager to the Offer has received SEBIs observation vide its letter bearing reference dated July 04, 2012 ("Obervation Letter") in terms of proviso to Regulation 16(4) of the SEBI(SAST) Regulations, 2011.

2. The Revised Activity Schedule of the Open Offer is as follows:

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Activity Original Schedule Revised Schedule
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Identified Date June 19, 2012 July 09, 2012
Date of Commencement of Tendering Period July 02, 2012 July 23, 2012
Date of Closing of of Tendering Period July 13, 2012 August 03, 2012
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Source : BSE - >www.bseindia.com

Published on July 12, 2012
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