Kakatiya Textiles Ltd Company History

Edelweiss Capital Ltd ("Manager to the Offer") on behalf of Mr. L G Ramamurthi & Mr. Sumanth Ramamurthi ("Acquirers"), has issued this Public Announcement ("PA"), pursuant to Regulation 10 & 12 in compliance with the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations 1997 and subsequent amendments thereto [SEBI (SAST) Regulations] as below: The Acquirers are making an Open offer to the public shareholders of Kakatiya Textiles Ltd ("Target Company") to acquire 11,53,720 Equity Shares ('Shares') of Rs 10/- each representing 20% of the voting capital of the Target Company at a price of Re 1/- per Share ("Offer Price") payable in cash ("Offer") subject to the terms & conditions.

Kakatiya Textiles Ltd has appointed Mr. Sumanth Ramamurthi as the Managing Director (MD) of the Company with effect from May 30, 2008.