| Basis of Allotment |
| POWERSOFT
GLOBAL SOLUTIONS LIMITED (Formerly known as Bhandari Food Flavours Limited) Incorporated as Bhandari Food Flavours Limited on 04/11/1992 under Companies Act, 1956 at Bangalore. The name of the Company was changed to Powersoft Global Solutions Limited w.e.f.13/03/2000 --------------------------------------------------------------------------------------------------------------------------------------------------- BASIS OF ALLOTMENT The Board of Directors thanks the investing public for their overwhelming response to the company's maiden Public Issue which opened for subscription on March 23,2006 and closed on March 29, 2006. The company has received 10170 applications for 12831585 equity shares resulting in 2.38 times. The basis of allotment was finalized in consultation with Bombay Stock Exchange Limited on 21-04-2006 and 5400766 equity shares excess by 766 equity shares has been allotted due to rounding off by the Board at its meeting held on April 21, 2006 as mentioned below. The details of the valid applications received in the Issue from Retail and Non Institutional Investor categories areas under:
The Company has made firm allotment of 10000 Equity Shares to Lead Managers to the Issue and 300000 Equity Shares to Mr. Sampat Kumaras per the Prospectus dated 03rd March 2006 A. Allocation to Retail Investors
All the applicants from 750 shares category onwards have been given firm
allotment on proportionate basis inverse to the over-subscription ratio. The Basis of Allocation to the Non-institutional investors was finalized in consultation with BSE. The category was subscribed 2.62 times. The total number of shares allotted in this category is 119422 Equity Shares (2.21% of total shares has been allotted to this category). All the applicants in this category have been given firm allotment on proportionate basis inverse to the over-subscription ratio.
The Refund Orders has been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company is taking steps to getthe equity shares admitted fortrading on Bombay Stock Exchange Limited, Bangalore Stock Exchange, Madras Stock Exchange & Ahmedabad Stock Exchange within seven working days from the date of approval of the basis of allocation. INVESTORS PLEASE NOTE This details of the allocation made are being hosted on the website of Registrars to the Issue, Bigshare Services Private Limited at www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrars to the Issue quoting full name of the First/ Sole applicant, Serial numberof the application form, number of shares applied for and payment details at the address given below: BIGSHARE SERVICES PRIVATE LIMITED E-2,Ansa Industrial Estate,SakiViharRoad,Sakinaka,Andheri(E),Mumbai 400072;Tel: 91 22
28470652/0653;
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF POWERSOFT GLOBAL SOLUTIONS LIMITED. |
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