CHIRIPAL

NANDAN EXIM LIMITED

(Originally incorporated as Nandan Exim Privated Limited on August 9, 1994 and subsequently changed to Nandan Exim Limited on January 16, 2004 at Ahmedabad.)
Registered Office:  Survey No. 198/1, 203/2, Saijpur-Gopalpur, Pirana Road, Piplej,
Ahmedabad-382405.Phone: 91-079-25710231-34; Fax: 91-079-25711755.
Corporate Office: " Chiripal House", B\h Arjun Tower, 132 Ft. Ring Road, Shivranjani Cross Roads,
Satellite Road, Ahmedabad-380015. Phone: 91-079-26734660-2-3;
Fax: 91-079-26768656; E-mail: Keyur@chiripalgroup.com; Website: www.chiripalgroup.com

Public Issue of 60,00,000 Equity Shares of Rs. 10 each issued for cash at a premium of
Rs. 10 per share (offer price is Rs. 20 per Equity Share) aggregating Rs. 1200 lakhs.

BASIS OF ALLOTMENT

The Board of Directors thank the investing for their overwhelming response to the Public Issue which opened for subscirption on 12.05.205 and closed on 20.05.2005. The Company has received 40,424 applications for 18,59,84,000 equity shares from Indian Public resulting in subscription of 30.99 times. The Basis of Allotment was finalised in consultation with The Bombay Stock Exchange, Mumbai on 03.06.2005 and 60,00,000 equity shares have been allotted by the Board at its Meeting held on 03.06.2005 as mentioned below:

1. Retail individual investors who have applied for equtiy shares for a value not more than Rs. 50,000/-

The company has received 40,060 valid applications for 6,69,72,750 shares in this category resulting is subscription of 22.32 times. The details of category-wise allotment are given below:

2. Bodies Corporate & Individual Investors who have applied for equity shares for a value more than Rs. 50000/-

The company has recevied 364 valid applications for 11,90,11,250 shares resulting in an over subscription of 39.67 times in this category. The details of category-wise allotment are given below:

Shares certificate/Refund orders, wherever applicable, have already been despatched on 06.06.2005 and in case shares in the electronic form, the beneficialary account of allottees with NSDL on 07.06.2005 and CDSL have been credited on 06.06.2005. Listiing Application had been filed with The Bombay Stock Exchange, Mumbai vide its letter dated 06.06.2005.

All future correspondence in this regard my kindly be addresed to the Registrars to the issue, whose address is furnished below, quoting full name of the first/sole applicant, Application No., No. of Shares applied and Bank Branch where the Application had been lodged:

Datamatics  Financial Software & Services Limited , Plot No. A 16 and 17, Part B, Crosslane, Marol, Andheri (E), Mumbai-400093. Tel: 91-022-28375519-24; Fax: 91-022-28350217; E-mail: nandaneximipo@dfssl.com

Investors please note: The details of allotment have also been posted on the web site of the Registrar to the isssue, Datamatics Financial Software & Services Limited at www.dfssl.com