Continental Chemicals Ltd. — M&A Activity 2019

Nov 7, 2019

D & A FINANCIAL SERVICES (P) LIMITED

Merchant Banking & Corporate Advisory Services

Date: 7^th November, 2019

To The Head (Listing), Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI-400001

REG.: OPEN OFFER TO THE SHAREHOLDERS OF CONTINENTAL CHEMICALS LIMITED ("TARGET COMPANY") BY MR. ADITYA VIKRAM CHIBBA (HEREINAFTER REFERRED TO AS "ACQUIRER") ALONG WITH PERSON ACTING IN CONCERT MR. NARESH KUMAR CHIBBA, PURSUANT TO SEBI (SUBSTANTIAL ACOUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011.

Dear Sir,

We, in the capacity of Manager to the captioned offer and in compliance with Reg.14 (4) of the Securities and Exchange Board of India (SAST) enclosing herewith Newspaper Cuttings of are Regulations, 2011 Corrigendum to Detailed Public Statement published today in all editions of Business Standard (English), Business Standard (Hindi) and Mumbai edition of Mumbai Lakshadweep (Marathi) with respect of proposed acquisition of shares of continental chemicals limited by Mr. Aditya Vikram Chibba (Hereinafter referred to as "Acquirer") along with person acting in concert Mr. Naresh Kumar Chibba in compliance with applicable provisions of SEBI (SAST) Regulations, 2011 and subsequent amendments thereto.

Kindly take it on your record.

Thanking you,

Yours faithfully, For D & A Financial Services (P) Limited.

H.O. & Regd. Office: 13, Community Centre, 2nd Floor, East of Kailash, New Delhi-110065, Phone:+91 11 26472557, 26419079 Fax:+91 11 26219491, E-mail:investors@dnafinserv.com, compliance@dnafinserv.com, contact@dnafinserv.com, Website:www.dnafinserv.com

CORRIGENDUM TO THE DETAILED PUBLIC STATEMENT FOR THE ATTENTION
OF THE EQUITY SHAREHOLDERS OF CONTINENTAL CHEMICALS LIMITED Registered Office: A-7, Sector-7, Noida Gautam Budh Nagar, Uttar Pradesh-201301

This Corrigendum to the Detailed Public Statement ("Corrigendum") is being issued by D & A Financial Services (P) Limited ("Manager to the Offer"), for and on behalf of the Acquirer Mr. Aditya Vikram Chibba and Person Acting in Concert Mr. Naresh Kumar Chibba, pursuant to and in compliance with Regulation 3(1) of the SEBI (SAST) Regulations, 2011 as amended

This Corrigendum should be read in continuation of and in conjunction with Detailed Public Statement ("DPS"), unless otherwise specified.

Capitalized terms used but not defined in this Corrigendum shall have the same meaning assigned to such terms in the DPS, unless otherwise defined.

The shareholders of Continental Chemicals Limited are requested to note that the developments/amendments with respect to and in connection with DPS are as under:

1. The revised schedule of activity pertaining to the Open Offer has been changed and shall be read as under.

Sr. No	Activity	Days & Dates Original Schedule	Days & Dates Revised Schedule
1.	Date of Public Announcement	Saturday,	Saturday,
		August 31, 2019	August 31, 2019
2.	Date of Publication of Detailed	Monday,	Monday,
	Public Statement	September 09, 2019	September 09, 2019
3.	Filing of the Draft letter of Offer	Tuesday,	Tuesday,
	to SEB	September 17, 2019	September 17, 2019
4.	Last Date for a Competitive Offer(s)	Tuesday,	Tuesday,
		October 01, 2019	October 01, 2019
5.	Identified Date*	Monday.	Wednesday.
		October 14, 2019	October 30, 2019
6.	Date by which Final Letter of	Monday.	Wednesday,
	Offer will be dispatched to the	October 21, 2019	November 06, 2019
	shareholders
7.	Last Date for revising the Offer	Wednesday,	Friday,
	Price/ number of shares.	October 23, 2019	November 08, 2019
8.	Date by which the committee	Thursday, October 24, 2019	Monday. November 11, 2019
	of the independent directors of the Target Company shall give its
	recommendations.
9.	Date of Publication of Offer	Friday,	Wednesday,
	Opening Public Announcement	October 25, 2019	November 13, 2019
	10 Date of Commencement of	Tuesday,	Thursdav,
	Tendering Period (Offer	October 29, 2019	November 14, 2019
	Opening date)
	11. Date of Expiry of Tendering	Monday,	Wednesday,
	Period (Offer Closing date)	November 11, 2019	November 27, 2019
	12 Last Date of communicating	Tuesday,	Wednesday,
	rejection/ acceptance and	November 26, 2019	December 11, 2019
	payment of consideration for
	applications accepted/return of
	unaccepted share certificates/
	credit of unaccepted Equity Shares
	to Demat Account.

the identified date is only for the purpose of determining the public shareholders as on
such date to whom the Letter of Offer would be mailed. It is clarified that all the Public Shareholders (registered or unregistered) are eligible to participate in this offer at any
Shareholders (registered or unregistered) are eligible to participate in this offer at any time prior to the closure of tendering period.

The above dates where ever it appeared in the Detailed Public Statement should be read accordingly

The Acquirer and PACs accepts full responsibility for the information contained in this
Corrigendum to the Detailed Public Statement and also the obligations of the Acquirer and PACs as laid down in the SEBI (SAST) Regulations, 2011 & subsequent amendments thereof.

This Corrigendum to the Detailed Public Statement will also be available on SEBI's website at www.sebi.gov.in.

Issued by Manager to the Offer on behalf of the Acquire D & A Financial Services (P) Limited
13, Community Centre, East of Kailash, New Delhi-110 065 Tel: (011) 26472557, 26419079, 26218274 Fax: (011) 26219491 Email: investors@dnafinery.com

Date: 6^th November, 2019 Place : New Delhi

8cm x 21cm

Contact Person: Ms. Radhika Pushkarna