News Announcement

Amarnath Securities: Open Offer

Hem Securities Limited (?Manager to the Offer?) has submitted to BSE a Copy of Public Announcement ('PA') regarding Open Offer (?Offer?) for acquisition of upto 7,80,052 (Seven Lakhs Eighty Thousand and Fifty Two ) equity shares of Rs. 10/- each from equity shareholders of Amarnath Securities Limited (?Target Company?), by Mr. Omkar Pravin Herlekar, (?Acquirer?) pursuant to and in Compliance with Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended and subsequent amendments thereto (hereinafter referred as ?SEBI (SAST) Regulations?).

Offer Details:

Offer Size: Upto 7,80,052 (Seven Lakhs Eighty Thousand and Fifty Two) equity shares of Rs. 10/- each representing 26.00%, of the present issued subscribed and paid- up equity share capital of the Target Company.

Offer Price/ Consideration: The Offer Price is Rs. 16.00 /- (Rupees Sixteen Only) per equity share of Rs. 10/- each.

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