ASIL

Chartered Capital and Investment Ltd has submitted to the Exchange a copy of the draft letter of offer in respect of the open offer to the shareholders of Amit Spinning Industries Ltd (ASIL) by Spentex Industries Ltd (Acquirer) pursuant to SEBI (Substantial Acquisition of shares and Takeovers) regulation, 1997. A Copy of the draft letter of offer with regard to the offer shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Chartered Capital And Investment Ltd. ("Manager to the Offer") has submitted to the Exchange a copy of public announcement made on behalf of the Acquirer i.e Spentex Industries Ltd pursuant to regulations 10,11(1) and 12 as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (hereinafter referred to as "SEBI (SAST) Regulations, 1997") and subsequent amendments thereto is making an offer to the Equity shareholders of Amit Spinning Industries Ltd, to acquire 82,33,934 equity shares of Rs.5/- each representing 20% of post

Amit Spinning Industries Limited has informed the exchange that Bharat P. Shah along with 1) Smita B. Shah; 2) Amit B. Shah; 3) Aparna B. Shah; 4) Bharat P. Shah (HUF) Promoter; and (PACs):- 5) Meghna Trust; 6) Pushti Investment Pvt. Ltd; 7) Ashita K. Sheth; 8) Ashita Sheth family Trust; 9) Sandeep Sheth; 10) Uday K Sheth; 11) Madhukant Shah and 12) Punamchand Shah has sold 50,91,000 shares aggregating to 12.37% of the total paid up capital of Amit Spinning Industries Limited on February 26, 2006. The mode of sale is off market sale. The shareholding of Bharat P. Shah along with 1) Smita B. Sh

Amit Spinning Industries Limited has informed the Exchange that there is an acquisition of 18170667 Equity shares of Rs.5/- each of the Company comprising of 11890606 equity shares through preferential allotment, 1189061 equity shares on conversion of preference shares and 5091000 equity shares through share purchase agreement on February 26, 2006 by Spentex Industries Ltd. as follows :- (1) 11890606 shares (28.88%) (Preferential Allotment); (2) 1189061 shares (2.89%) (Conversion of preference shares on preferential basis) (3) 5091000 shares (12.37%) (Share Purchase Agreement) on February 26,

Bharat P. Shah has informed the exchange that he along with (PACs) :- 1) Smita B. Shah; 2) Amit B. Shah; 3) Aparna B. Shah; 4) Bharat P. Shah (HUF) Promoter; 5) Meghna Trust; 6) Pushti Investment Pvt. Ltd; 7) Ashit K. Sheth; 8) Ashita sheth family Trust; 9) Sandeep Sheth; 10) Uday K Sheth; 11) Madhukant Shah and 12) Punamchand Shah has sold 50,91,000 shares aggregating to 12.37% of the total paid up capital (As per annexure attached) of Amit Spinning Industries Limited on February 26, 2006. The shareholding of Bharat P. Shah along with (PACs) :- 1) Smita B. Shah; 2) Amit B. Shah; 3) Aparna B.

Spentex Industries Ltd has informed the Exchange that they have acquired 11890606 Equity Shares (28.88%) through Preferential Allotment, 1189061 Equity Shares (2.89%) on conversion of Preference Shares on Preferential basis and 5091000 Equity Shares (12.37%) through Share Purchase Agreement on February 26, 2006. The shareholding of Spentex Industries Ltd after the said acquisition is 18170667 shares aggregating to 44.14% of the total paid up capital of Amit Spinning Industries Limited.

Amit Spinning Industries Limited has informed the Exchange that the urgent meeting of the BoDs of the Company was held on February 26, 2006. The Company has on February 26, 2006 executed a Share Subscription Agreement with M/s. Spentex Industries Limited for issue and allotment of 13,079,667 fully paid up equity shares of Rs.5 each. Pursuant to the said Agreement, the Company has allotted to Spentex Industries Limited 13,079,667 fully paid up equity shares of Rs.5/- each on a preferential basis. The Board also approved the agreement for transfer of 50,91,000 fully paid up equity shares of Rs.5

Amit Spinning Industries Limited has informed the Exchange that at the EGM held on February 11, 2006, the following business were approved by the shareholders:- 1) Issue of the Equity shares to Spentex Industries Ltd on preferential basis. 2) Conversion of the preference shares into equity shares. 3) Reclassification of authorized share capital. 4) Alteration of the articles of association.

Amit Spinning Industries Limited has submitted to the Exchange a copy of the Notice of the EGM to be held on February 11, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Amit Spinning Industries Limited has informed the Exchange that at the Board Meeting held on January 13, 2006, the BODs have discussed and approved interalia the following matters: (1) To issue and allot not more than 2 crore equity shares of Rs.5/- each on a preferential basis to a strategic investor as per the price determined in accordance with SEBI guidelines, subject to - (i) finalisation of share subscription agreement on the terms and conditions as may be mutually agreed between the company and strategic investor, (ii) approval of the members and shareholders of the company in General M

Amit Spinning Industries Limited has informed the Exchange that Mr. Bharat P. Shah; Mrs. Smita Bharat Shah; Mr. Amit Bharat Shah and Ms.Aparna Bharat Shah have acquired 1,00,00,000 shares aggregating to 35.59% of post increase capital of Amit Spinning Industries Limited on December 16, 2005 as follows: (1) Bharat Shah - 21,80,000 shares; (2) Smita B. Shah - 47,36,000 shares; (3) Amit B.Shah - 12,00,000 shares and (4) Aparna B. Shah - 18,84,000 shares. The mode of acquisition is Preferential Allotment in terms of Debt Restructuring Package approved by CDR Cell and the shareholding of Bharat Sha

Mr. Bharat P. Shah; Mrs. Smita Bharat Shah; Mr. Amit Bharat Shah and Ms.Aparna Bharat Shah has informed the Exchange that they have acquired 1,00,00,000 shares aggregating to 35.59% of post increase capital of Amit Spinning Industries Limited on December 16, 2005 as follows: (1) Bharat Shah - 21,80,000 shares; (2) Smita B. Shah - 47,36,000 shares; (3) Amit B.Shah - 12,00,000 shares and (4) Aparna B. Shah - 18,84,000 shares. The mode of acquisition is Preferential Allotment in terms of Debt Restructuring Package approved by CDR Cell and the shareholding of Bharat Shah (HUF); Bharat P. Shah, Smi

Amit Spinning Industries Limited has informed the Exchange that in terms of the CDR proposal and approval of the shareholders, the Board of Directors at their meeting held on December 16, 2005 have made allotment of 1,00,00,000 equity shares of Rs.5/- each to the promoters of the Company.

Amit Spinning Industries Limited has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter ended September 30, 2005 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).