Jolly Board - Delisting Bidding From 27-05-13 to 31-05-13

As you are aware Jolly Exports Pvt. Ltd. (“Promoter/ Acquirer” or “JEPL”) forming part of the promoter / promoter group of Jolly Board Limited (“JBL” or “Company”) proposes to delist the equity shares of JBL from BSE Limited.

The bidding process shall commence on BSE terminal at 9.00 a.m. on Monday, May 27, 2013 (the “Bid Opening Date”) and close at 3.00 p.m. on  Friday, May 31, 2013 (the “Bid Closing Date”).

This communication has been sent to you, inorder to apprise you of the fact that we have opened an additional Escrow Depository Account for the convenience of the Public Shareholders who hold their dematerialized Equity Shares through National Securities Depository Limited (“NSDL”). In view of the same equity shareholders who hold their Equity Shares through NSDL or Central Depository Services (India) Limited (“CDSL”) can transfer their equity shares from their respective depository accounts in the account detailed below:

FOR DEMAT ACCOUNTS IN NSDL DEPOSITORY ACCOUNT

Depository Account Name	KCSL - Jolly Board Limited - Delisting Offer - Escrow Account
Depository Participant	Indian Overseas Bank
Depository Identification No. (DP ID No.)	IN302437
Client Identification No. (Client. ID.)	20146408

FOR DEMAT ACCOUNTS IN CDSL DEPOSITORY ACCOUNT

Depository Account Name	KCSL - Jolly Board Limited - Delisting Offer - Escrow Account
Depository Participant	Keynote Capitals Limited
Depository Identification No. (DP ID No.)	12024300
Client Identification No. (Client. ID.)	00076531

For further details of process of bidding etc, please refer to the Offer Letter, the Bid Form and the Bid Revision / Withdrawal Form.

A copy of the Bid cum Application form is attached. You may use the same.

                                                           

For any queries, you may please call the shareholder helpline on + 91 8879673001 / 02

Thanks & Regards,

Merchant Banking Division

 KEYNOTE

Keynote Corporate Services Limited
The Ruby, 9^th Floor,

Senapati Bapat Marg,

Dadar (W), Mumbai – 400 028.
T: +91-22-30266000, F: +91-22-30266088

www.keynoteindia.net

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http://www.rareindianshares.info/2013/05/jolly-board-to-delist-indicative-price.html

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For a very interesting analysis on Delisting of Jolly Board , please scroll down the following Link :-

https://contrarianvalueedge.wordpress.com/2013/12/28/delisting-framework-part-iii-seek-uncertainty-on-favorable-terms/