SHIVALIK GLOBAL LIMITED

(The Company was incorporated on July 22, 1997 under the companies Act,1956 as a public Limited Company in the NCT of Delhi & Haryana as "Shivalik Global Limited" and obtained the certificate of Commencement of business
on August 8,1997.)
Registered office: Unit No 111,BIock No 1,1st Floor, Tribhuwan Complex, Ishwar Nagar, New Delhi -110065.
Tel No: +91 11 26935829-830, Fax No: +91 11 55628586.
Corporate office:12/6, Mile Stone, Mathura Road, Sarai Khawaja, Faridabad, Haryana(India) -121003. Tel No: 91 129 2255301-304
Fax No : +91 129 2278921 Web Site: www.shivalikglobal.com Contact Person : Mr Vinit Sikka, Compliance officer & Company Secretary, Tel +91 129 2255301-304, Email : investors@shivalikglobal.com

PUBLIC ISSUE OF 1,00,00,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT A PREMIUM OF RS 50/- PER EQUITY SHARES (PRICE OF RS 60 PER SHARE) AGGREGATING TO RS 6000 LAKHS (HERINAFTER REFFERRED TO AS THE 'ISSUE') BY SHIVALIK GLOBAL LIMITED (THE COMPANY 'OR ISSUER'). THE ISSUE PRICE IS 6 TIMES OF THE FACE VALUE. THE ISSUE CONSTITUTE 41.23% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY

BASIS OF ALLOTMENT

The Board of Directors thanks the investing public for their response to the company's maiden Public issue which opened for subscription on Thursday, 9th March, 2006 and closed on Tuesday,14th March,2006.The Basis of allotment was finalised in consultation with Bombay Stock Exchange Limited on 31st March, 2006 and 1,00,00,000 equity shares has been allotted by the Board at its Meeting held on 31st March,2006 as mentioned below. The details of valid application received in the issue from Employees (Reservation), Schedule Commercial Banks, Financial Instittuitions & Mutual Funds ( Reservation) and from the Retail and-non retails investor categories after rejection and withdrawals are as under.

*Note: The surplus of 262700 Shares from NRI and FIIs category as well as surplus of 972600 shares from Employees category has been added back to Banks/Mutual Fund category.

A. Allocation to Retail Investors
The Basis of allocation to the Retail investors was finalized in consultation with BSE. The category ws oversubscribed 1.22 times. The total number of shares allotted in this category is 5514600 Equity shares (78.78% of the total share been alloted to this category). The category wise details of the allocation are as under:

All the applicants from 200 shares category onwards have been given firm allotment on proportionate basis inverse to the over subscription ratio.

B. Allocation to Non Retail Investor:
The Basis of Allocation to the Non Institutional Investors were finalized in consultation with BSE . The category was oversubscribed 1.21 times. The total number of shares allotted in this category is 1485400 Equity shares (21.22% of the total shares has been allotted to this category)

All the applicants in this category have been given firm allotment on proportion basis inverse to the oversubscription ratio.

Note : Under the terms of the issue Rs 30/- is payable on applications and balance of Re 30/- is due on allotment Accordingy the trading of shares is proposed for fully paid and partly paid up shares. Allotment has been made for maximum possible fully paid up shares based on amount available after adjusting Re 30/- on all shares allotted towards application money.

The refund orders has been dispatched to the address of the investors as registered with the depositories. In case the same is not received with 10 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 validations of the account details with the depositories concerned. The company has received listing approvals from Bombay Stock Exchange Ltd. and National Stock Exchange India Ltd. and the equity shares of the company shall be listed and admitted to dealings on the exchanges with effect from 10th April, 2006.

INVESTOR PLEASE NOTE
This details of the allocation made are being hosted on the web site of the Registrar to the issue, INTIME SPECTRUM REGISTRY LIMITED at www.intimespectrum.com

1) The fully and partly paid-up equity shares will be traded under different ISIN
2) The Company will declare the Record date for the purpose of making partly paid up Equity shares into fully paid up equity shares.
3) a) The ISIN FOR PARTLY PAID UP EQUITY SHARES IS    IN9353H01018
b) The ISIN FOR FULLY PAID UP EQUITY SHARES IS    INE353H01010

All future correspondence in this regard may kindly be addressed to the Registrar to the issue quoting full name of the first /sole applicant, serial number of the applicants form, numberof shares applied and for payment details atthe address given below.

INTIME SPECTRUM REGISTRY LIMITED
C-13, Pannalal Silk miils Compound,LBS Marg, Bhandup West, Mumbai -400078. Tel: +91 22 2596 0320 - 28, Fax: +9122 2596 0329, Email : shivalikipo@intimespectrum.com,   Website: www.intimespectrum.com
Contact person: Mr Vishwas Attvar.

For Shivalik Global Limited
Sd/-
Jai Prakash Aggarwal
Chairman & Managing Director