December 13, 2010
PR No. 272/2010

Order in the matter of M/s. Punalur Paper Mills Ltd.

Dr. K.M. Abraham, Whole Time Member, SEBI, has passed an order dated December 10, 2010 disposing of the application filed by Mr. Mohammed Illyas on behalf of himself and other Acquirers & Person Acting in Concert (PACs) seeking exemption from the applicability of Regulation 10 & 12 and other related regulations of Takeover Regulations for their acquisition of 11,82,696 shares representing 52.76% of paid up equity capital of Punalur Paper Mills Ltd.
 
The application seeking exemption was forwarded by SEBI to the Takeover Panel. The Panel had rejected the application as it did not find any justification in granting exemption.
 
The acquirers and PACs have been directed to comply with all open offer/public announcement requirements in respect of their acquisition of 11,82,696 equity shares of Punalur Paper Mills Limited, as undertaken by them and in accordance with the Takeover Regulations.
 

Mumbai

December 13, 2010

For full copy of order against AJAY SUNDARESAN, click here.

For full copy of order against AMRUTHA PRIYAMKARI, click here.

For full copy of order against ANUPAMA PRIYAMKARI, click here.

For full copy of order against ASHWATHY SUNDARESAN, click here.

For full copy of order against DARSHANA SUNDARESAN, click here.

For full copy of order against K.RAVEENDRAN, click here.

For full copy of order against MANTRIRAO VENKATA RATNAM, click here.

For full copy of order against MOHAMMED ILLYAS, click here.

For full copy of order against NELSON SEBASTAIN, click here.

For full copy of order against OMANA SUBASH, click here.

For full copy of order against PRASANNA SUNDARESAN, click here.

For full copy of order against SHEELA NELSON, click here.

For full copy of order against SHEENA ILLYAS, click here.

For full copy of order against T.K.SUNDARESAM, click here.

For full copy of order against VIMALA RAVEENDRAN, click here.