Brilliant Securities Open offer

Brilliant Securities Ltd has informed about the following:

Ashika Capital Ltd ("Manager to the Offer") for and on behalf of Mr. K Bhaskar Reddy, Mrs. K Uma, Mr. Venkat S Meenavalli, Mrs. Meenavalli Usha Rani & KBR Holdings Pvt Ltd ("Acquirers"), has issued this Public Announcement ("PA") to the shareholders of Brilliant Securities Ltd ("Target Company"), pursuant to & in compliance with regulation 10 & 12 of Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The Offer

The Acquirers are making this Open Offer ("Offer") to the Shareholders of the Target Company ("Other than Parties to the Agreement") to acquire upto 10,21,460 shares of Rs 10/- each, representing 20% of its voting Capital, at a price of Rs 109/- per share ("Offer Price") payable in cash in terms of regulation 20 of the Regulations.

Schedule of Activities:

Specified Date - February 02, 2008

Date of Opening of the Offer - March 14 , 2008

Date of Closing of the Offer - April 02, 2008