SRF Polymers Open Offer Details

Enam Securities Pvt Ltd ("Manager to the Offer") on behalf of Bhairav Farms Pvt Ltd and Narmada Farms Pvt Ltd ("Acquirers") along with Mr. Arun Bharat Ram ("Person Acting in Concert or PAC") has issued this Public Announcement ("PA") to the shareholders of SRF Polymers Ltd ("Target Company"), pursuant to and in compliance with Regulation 11(2A) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "Regulations").

The Offer

This Offer is being made by the Acquirers and PAC to the public shareholders (other than the Acquirers and the PAC) of the Target Company to acquire up to 531,597 fully paid up equity shares of Rs 10/- each of the Target Company ("Equity Shares") representing 8.24% of the outstanding voting paid up equity share capital of the Target Company at a price of Rs 180/- per fully paid up equity share ("Offer Price") payable in cash in terms of regulation 20 and 21 of the Regulations (the "Offer" or "Open Offer").

Schedule of Activities:

Specified Date: November 30, 2007

Date of Opening of the Offer: January 17, 2008

Date of Closing of the Offer: February 05, 2008