Arihant Capital Markets Ltd (”Manager to the Offer”) on behalf of M/s Preet Remedies Pvt Ltd (”Acquirer”) has issued this Public Announcement (”PA”) to the equity shareholders of Neelkanth Technologies Ltd (formerly known as Shri Lakhavi Infotech Ltd) (”Target Company”), pursuant to Regulation 10 & Regulation 12 and as required under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (”SEBI (SAST) Regulations, 1997″ or “Regulations”).

The Offer

The Acquirer intends to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders (except the Acquirer & the parties to the SPA) of the Target Company to acquire additional 7,23,500 (Seven Lacs Twenty Three Thousand Five Hundred) equity shares of Rs 10/- each representing 20% of the voting share capital of the Target Company. The Open Offer is at a price of Rs 10.50 (Rupees Ten Paise Fifty Only) per fully paid up equity share (”Offer Price”) payable in cash subject to the terms & conditions mentioned in PA (”The Offer”).

Schedule of Activities:

Specified Date - April 02, 2008

Date of Opening of the Offer - May 02, 2008

Date of Closing of the Offer - May 21, 2008