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History of Tripex Overseas Ltd.

TRIPEX OVERSEAS LIMITED [TOLs] was incorporated as a Public limited Comp. on 8th September, 1995 & obtained Certificate of Commencement of Business on 12th day of September, 1995, from R.O.C. [Gujarats], Ahmedabad.

Tripex Overseas Limited was promoted by Mr. Saurin Shah, Mr. Jayesh Mehta and Mrs. Chaula Shah for purpose of business of domestic & Export of various commodities specially for Dyes intermediates, pharmacueticals, cosmetics, detergent etc.

PRESENT BUSINESS:

At present the Comp. has already started its business operation in the domestic market for dyes, chemicals and textiles. The Comp. is purchasing the goods from the manufacturers & selling to the end users/traders. The Comp. has also appointed one M.B.A. [Marketings] for Export marketing and one Export Executives & received the export orders of Rs. 54 lacs. The Comp. is operating on limited scale due to limited resources at the disposal of company. However the Comp. intends to expand its activity with the help of proceeds of this issue. The details of orders in hands are as under:

Name of Party Country Order date Last date Amount of execution in $

Shayam Enterprises Kenya 30.9.1995 29.3.1995 165880

2005

-Vivro Financial Services Pvt Ltd ['Manager to the Offer's] on behalf of M/s Surbhi Capital and Finance Pvt Ltd, M/s Lakhani Marketing Pvt Ltd, Mr. Manindersingh S Jolly & Mr. Ashok P Jain who are acting in concert with each other for purpose of this open offer ['Acquirers's] & to the fully paid equity shares of Tripex Overseas Ltd ['Target Company's], pursuant to provisions of Regulations 10, 11[1s] & 12 & in compliance with the Securities and Exchange Board of India [Substantial Acquisition of Shares & Takeoverss] regulation, 1997 ['Regulations's] & subsequent amendments thereto has announced as below: The Acquirers are making Open Offer in terms of Securities and Exchange Board of India [Substantial Acquisition of Shares & Takeovers] Regulations, 1997 to the fully paid equity shareholders of Target Comp. to acquire 10,20,000 equity shares representing 20% of total equity shares capital of Comp. & 20.02% of total voting capital of Target Comp. at a price of Rs 10/- per equity shares payable in cash ['Offer price's]. The individual Acquirers shall acquire such shares in the following numbers:

2006

-Delist securities from the Ahmedabad Stock Exchange Ltd [ASEs] w.e.f. February 27, 2006.