Corporate Announcement
Security Code : 505155    Company : SANENG    
San Engineering - Public Announcement for proposed acquisition & delisting of equity shares 
  Exchange Disseminated Time     
Canara Bank ("Manager to the Offer"), on behalf of Sri. Subhash K Thakker HUF and M/s. Sonmit Investments Pvt Ltd ("Acquirers" / "PAC"), has issued this Public Announcement ("PA") in respect of the proposed acquisition and delisting of the fully paid-up equity shares of San Engineering & Locomotive Company Ltd ("Target Company") pursuant to the Securities and Exchange Board of India (Delisting of Securities), Guidelines, 2003 (the "Delisting Guidelines" / "Guidelines") as below:

The Offer

The Acquirers hereby invites the public holders of the fully paid-up equity shares of the Target Company (being all holders other than the Acquirers) ("Shareholders"), to tender to the Acquirers, all of their equity shares in the Target Company, being 10,94,853 equity shares of Rs 10/- each as at March 24, 2006, representing 52.47% of the Equity Share Capital of the Target Company (the "Shares").

The Floor price is Rs 33/- per share as determined.

Schedules of Activities :

Public Announcement : March 29, 2006

Bid Opening Date : April 04, 2006.

Bid Closing Date : April 07, 2006.

Last Date for Shareholders of Physical Share Certificates to tender their Shares#: April 27, 2006.

Final Settlement Date (Shares in Physical Form)#: May 03, 2006.

#: subject to acceptance of the Discovered Price by the Acquirers.


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