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PUBLIC ANNOUNCEMENT FOR ATTENTION OF THE EQUITY
SHARE HOLDERS OF JAMES HOTELS LTD.
This Public Announcement is being issued by Master Capital Services Ltd. (“Manager to the Offer /MCSL”)
on behalf of Sh. Ajmair Singh Bhullar S/O Sh Kewal Singh Bhullar R/O 7,Wicton Chase ,Leeds PC-
LS178SG (UK) and Sh. Haravtar Singh Arora S/O Sh Kartar Singh R/O -85 ,Fulmer Drive, Gerarrds Cross,
Buckinghamshire PC SL97HF, UK and persons acting in concert (PAC) , (hereinafter referred to as
“Acquirer”) pursuant to Reg. 10 & 12 and in compliance with the Securities Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto
(hereinafter referred to as the “SEBI (SAST) Regulations”).
SHARE PURCHASE AGREEMENT:
James Hotels Ltd (incorporated under the Companies Act 1956 )is having its Registered Office at
Block-10, Sector-17-A Chandigarh (U.T) INDIA (Ph:0172-5068050) (hereinafter referred to as
'Target Company/JHL’) made a maiden Public Offer of equity shares in 1994. The present issued
capital of Target Company is 80,00,500 equity shares of Rs. 10/- each and listed at Bombay Stock
Exchange (BSE),Delhi Stock Exchange(DSE) and Ludhiana Stock Exchange (LSE).
JHL was incorporated on August 25, 1980 in the name of Mehfil Restaurants & Hotels Pvt Ltd.The
name was changed to James Hotels Ltd in 1992 and a fresh certificate of incorporation was
obtained on 20-3-92.
JHL interalia had envisaged setting up of a four star hotel with 96 rooms in Chandigarh. Though
JHL was incorporated in August 1980, yet there was no activity in the till 1985. JHL acquired the
land on 99 years lease in 1985. However, there was delay of about two years from U.T Admin,
Chandigarh to grant Urban Land Ceiling Exemption to the Company. In the meantime, upon
resignation of former Managing Director, Mr Harmohan Dhawan, Mr. Surjit Singh Gulati (hereinafter
along with his associates referred to as ‘Seller‘) took over as the Managing Dir