25th June 2005: Aftek Infosys Ltd has informed BSE that on closing of 1% Foreign Currency Convertible Bonds Due 2010 (Bonds / FCCBs) offer on June 24, 2005 the Company has issued and allotted 3000 Bonds of US$ 10,000/- each aggregating to US$ 30 millions. The Bonds are convertible into Global Depository Receipts (GDRs)/equity Shares at an initial conversion price of Rs 94/- and are to be listed on Luxembourg Stock Exchange. Jefferies International Ltd, London have acted as the 'Manager' to the issue and Fortress Financial Services Ltd were the Advisor to the Company. The list of subscribers includes Royal Bank of Canada, Dresdner Kleinwort Wasserstein (London), Tuder Capital, Jefferies Asset Management & AIG.

25th June 2005: Chartered Capital & Investment Ltd ("Manager to the Offer") on behalf of the Mr. Bavchandbhai J Vaghani, Mr. Govindbhai J Vaghani, Mrs. Hasumati B Vaghani & Mrs. Kirtiben G Vaghani ("Acquirers"), pursuant to Regulation 10 and 12 as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 1997, ("SEBI (SAST) Regulations, 1997") and subsequent amendments thereto has announced as below:

The Offer:

The Acquirers intends to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of Dhruv Makhan India Ltd ("Target Company") to acquire 17,40,000 equity shares of Rs 10/- each representing 20% of the total voting & paid-up capital of Target Company at a price of Rs 1.50/- per equity share ("Offer Price"), payable in cash subject to the terms and conditions, to those shareholders whose names appear on the register of members on Specified Date i.e. June 23, 2005.

Schedules of Activities

Specified Date: June 23, 2005

Date of Opening of the Offer: August 17, 2005

Date of Closing of the Offer: September 05, 2005

24th June 2005: The board of directors of Phillips Carbon Black will meet on June 27, 2005, to consider a proposal to raise up to $50 million via foreign currency convertible bonds (FCCBs) or global depository receipts (GDRs) and/or other securities. This was announced in a release issued by the company to the BSE today.

24th June 2005: Zicom Electronic Security Systems is planning to raise up to $12 million by issuing foreign currency convertible bonds (FCCBs) or global depository receipts (GDRs). According to a release issued by the company to the BSE today, the money raised would be used for expanding operations into new markets and product areas.

23rd June 2005: Deccan Chronicle Holdings has postponed the proposed issue of foreign currency convertible bonds (FCCBs) for want of government approval. In a release issued to the BSE today, the Hyderabad-based company said the board of directors today recommended deferring the FCCB issue until the next board meeting for want of official notification from the government allowing foreign corporate bodies/NRIs/FIIs to invest in Indian newspaper companies.