NOVOPANIND

Novopan Industries Limited has submitted to the Exchange a copy of Disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 and Regulations 13(4A) and 13(6) of SEBI (Prohibition of Insider Trading) Regulations,1992.

Novopan Industries Limited has informed the Exchange that (1)GVK Petro-chemicals Pvt. Ltd has sold 3771647 shares aggregating to 42.89% of the total share capital of Novopan Industries Limited. The mode of sale is through Consequent to scheme of Arrangement between GVK Petro-chemicals Pvt. Ltd with GVK Capital & Finance Ltd and Scheme of Amalgamation of Lunar Capital Services Pvt Ltd and the shareholding of GVK Petro-chemicals Pvt Ltd. after the said sale is Nil shares of the total share capital of Novopan Industries Limited.(2) GVK Capital & Finance Ltd. has acquired 3771647 shares aggregat

Novopan Industries Limited has informed the Exchange that GVK Capital & Finance Ltd. have sold 3,50,000 shares aggregating to 3.98% of the total share capital of Novopan Industries Limited on March 29, 2006. The mode of sale is through Market and the shareholding of GVK Capital & Finance Ltd. after the said sale is 6,15,403 shares aggregating to 7.00% of the total share capital of Novopan industries Limited.

GVK Capital & Finance Ltd. has informed the Exchange that they have sold 3,50,000 shares aggregating to 3.98% of the total share capital of Novopan Industries Limited on March 29, 2006. The mode of sale is through Market and the shareholding of GVK Capital & Finance Ltd. after the said sale is 6,15,403 shares aggregating to 7.00% of the total share capital of Novopan industries Limited.

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,99,253 shares aggregating to 2.27% of Paid-up capital of Novopan Industries Limited during the period August 10, 2005 to August 25, 2005. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 2,91,054 shares aggregating to 3.31% of Paid-up capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,83,485 shares aggregating to 2.09% of share capital of Novopan Industries Limited during the period July 07, 2005 to August 09, 2005. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 4,90,307 shares aggregating to 5.58% of share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,76,266 shares aggregating to 2.00% of share capital of Novopan Industries Limited. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 6,73,792 shares aggregating to 7.67% of share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,77,891 shares aggregating to 2.02% of share capital of Novopan Industries Limited. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 8,50,058 shares aggregating to 9.67% of share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that IDBI Ltd. has sold 1,90,539 shares aggregating to 2.17% of the share capital of Novopan Industries Limited during the period form February 25,2005 to March 14,2005. The shareholding of IDBI Ltd. after the said sale is 10,27,949 shares aggregating to 11.69% of the share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that M/s GVK Capital & Finance Ltd. have acquired 149713 shares representing 1.70% of the total paid-up capital of Novopan Industries Ltd. The date of acquisition is October 19,2004. The shareholding of M/s GVK Capital & Finance Ltd. after the said acquisitions is 834922 shares representing 9.50% of the total paid-up capital of the company.