SANGHI INDUSTRIES

Yes Bank Limited has informed the Exchange that they have published a Corrigendum to Public Announcement on June 03, 2006 on behalf of Spinnaker Global Opportunity Fund Ltd., Spinnaker Global Emerging Markets Fund Ltd. and Spinnaker Global Strategic Fund Ltd. (the "Acquirers") informing the shareholders of Sanghi Industries Ltd about the revised schedule of activities and other relevant issues relating to the open offer to the shareholders of Sanghi Industries Ltd. The Copy of the corrigendum to public announcement shall be available on the NSE website (http://www.nseindia.com) under: Corpora

Sanghi Industries Limited has informed the Exchange that the Board of Directors of the Company have decided to close the Register of Members and Share Transfer Registers of the Company from May 30, 2006 to June 1, 2006 (both days inclusive) in connection with the Annual General Meeting of the Company.

Sanghi Industries Limited has informed the Exchange that at the Board meeting held on April 27, 2006, the BoDs of the Company have decided to raise amounts not exceeding Rs. 1500 crores (Rupees fifteen hundred crores only) either by way of issue of equity shares /convertible instruments/Foreign Currency Convertible Bonds/convertible warrants/American Depository Receipts/Global Depository Receipts etc., to various categories of investors whether existing members of the Company or not for an aggregate amount not exceeding Rs.1500 crores, subiect to the receipt of various requisite regulatory app

Sanghi Industries Limited has informed the Exchange that the Corporate Debt Restructuring Package approved by the CDR Cell under the aegis of Reserve Bank of India, vide its letter dated September 29, 2005. The Company has further informed that they have implemented the said CDR proposal on January 17, 2006.

Sanghi Industries Limited has informed the Exchange regarding interse transfers of shares among the Promoters Group of the Company as follows: (1) Sanghi Polyesters Limited (Seller) has sold 4,87,15,200 shares aggregating to 22.34% of the total paid up capital of Sanghi Industries Limited on January 16, 2006. The mode of sale is Off Market and the shareholding of Sanghi Polyesters Limited (Seller) after the said sale is 54,12,800 shares aggregating to 2.48% of the total paid up capital of Sanghi Industries Limited. (2) Sanghi Anand (HUF) has acquired 70,00,000 shares aggregating to 3.21% of th

(5) Sanghi Gireesh (HUF) has acquired 70,00,000 shares aggregating to 3.21% of the total paid up capital of Sanghi Industries Limited on January 16, 2006. The mode of acquisition is Interse Transfer and the shareholding of Sanghi Gireesh (HUF) after the said acquisition is 78,66,000 shares aggregating to 3.60% of the total paid up capital of Sanghi Industries Limited. (6) Amit Sanghi has acquired 52,12,600 shares aggregating to 2.39% of the total paid up capital of Sanghi Industries Limited on January 16, 2006. The mode of acquisition is Interse Transfer and the shareholding of Amit Sanghi aft

(10) Siddharth Sanghi has acquired 52,12,600 shares aggregating to 2.39% of the total paid up capital of Sanghi Industries Limited on January 16, 2006. The mode of acquisition is Interse Transfer and the shareholding of Siddharth Sanghi after the said acquisition is 52,79,600 shares aggregating to 2.42% of the total paid up capital of Sanghi Industries Limited. (11) Gaurav Sanghi has acquired 25,72,500 shares aggregating to 1.18% of the total paid up capital of Sanghi Industries Limited on January 16, 2006. The mode of acquisition is Interse Transfer and the shareholding of Gaurav Sanghi after

IDBI Trusteeship Services Ltd.(ITSL)(Acting as share pledge trustee and agent on behalf of various banks and Institutions and GE Capital Services India) has informed the Exchange that they have acquired 8,89,21,000 shares aggregating to 40.79% of the total paid up capital of Sanghi Industries Limited. The mode of acquisition is: In the capacity as Share Pledge Trustees and agent for GE Capital Services India and various banks and financial institutions. The shareholding of ITSL after the said acquisition is 8,89,21,000 shares aggregating to 40.79% of the total paid up capital of the company. T

Yes Bank Ltd.("Manager to the Offer"), has informed the Exchange that the BODs of Sanghi Industries Limtied("SIL") have issued and allotted 2,89,10,000 equity shares of Rs.10/- each for cash at a premium of Rs.8.50 per share to Spinnaker Global Opportunity Fund Ltd.,Spinnaker Global Emerging Markets Fund Ltd.and Spinnaker Global Strategic Fund Ltd.("Acquirers")at its Board meeting held on January 06,2006.As the aggregate equity stake of acquirers in the post preferential equity capital of Sanghi Industries Limited is 25.23%,which is more than the stipulated limit of 15%;in compliance with Regu

Sanghi Industries Limited has informed the Exchange that the BODs of the Company at their meeting held on January 12, 2006 have issued and allotted 1,40,69,000 equity shares of Rs.10/- each on preferential basis to Associates of Promoters and others.

Sanghi Industries Limited has informed the Exchange that the BODs of the Company at their meeting held on January 06, 2006 have issued and allotted 2,89,10,000 equity shares of Rs.10/- each to M/s. Spinnaker Global Funds under Foreign Direct Investment Route.

Sanghi Industries Limited has informed the Exchange that Spinnaker Global Opportunity Fund Limited, Spinnaker Global Emerging Markets Fund Limited and Spinnaker Global Strategic Fund Limited have acquired shares of Sanghi Industries Limited on November 29, 2005, details of the same are as follows. (1) Spinnaker Global Opportunity Fund Limited has acquired 1,04,36,000 shares (5.96%) of the total paid up capital of Sanghi Industries Limited. The mode of acquisition is Purchase from F. L. Smidth Limited and the shareholding of Spinnaker Global Opportunity Fund Limited after the said acquisition i

F.L. Smidth Limited (FLS) and Fuller International Inc (FII) has informed the Exchange that they have sold shares of Sanghi Industries Limited on November 25, 2005 as follows: (1) F.L. Smidth Limited (FLS) - 20100400 shares (11.49%) and (2) Fuller International Inc (FII) - 6589600 shares (3.77%). The mode of sale is Sale by private arrangement and the shareholding of F.L. Smidth Limited (FLS) and Fuller International Inc (FII) after the said sale is Nil shares of Sanghi Industries Limited.

Sanghi Industries Limited has submitted to the Exchange a copy of the Notice of the EGM of the members of the Company to be held on November 30, 2005. 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/CorporateAnnouncements).

Sanghi Industries Limited has informed the Exchange that the BODs at their meeting held on October 31, 2005 have considered the proposal for issue of shares on Preferential basis subject to in principle approval of Mumbai Stock Exchange and various other regulatory approvals under Foreign Direct Investment Route and also to Group Companies and have decided to convene an EGM on November 30, 2005 to obtain the requisite approvals in this regard.

Sanghi Industries Limited has informed the Exchange that the BODs of the Company have decided to close the Register of Members and Share Transfer Registers of the Company from September 23, 2005 to September 30, 2005 (both days inclusive) in connection with the AGM of the Company.

Sanghi Industries Limited has informed the Exchange that the Board Meeting scheduled to be held on April 26, 2005 interalia for consideration and taking on record of Un-audited financial results (provisional) for the Quarter ended March 31, 2005 stands postponed and a new date shall be intimated in due course once the same is finalized.