Enam Securities Pvt Ltd (”Manager to the Offer”) on behalf of New Ambadi Estates Pvt Ltd (”Acquirer”) has issued this Public Announcement (”PA”) to the equity shareholders of Parry Agro Industries Ltd (”Target Company”), to acquire the public shareholding of Target Company for the purpose of delisting the equity shares of the Company, in accordance with the Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003 (”Guidelines”). Accordingly the Acquirer is making a public announcement extending an invitation (”Offer”) to the public shareholders of the Company to tender their equity shares on the terms and conditions set out in this PA.

The Offer

The Acquirer seeks to de-list the equity shares of the Target Company in accordance with the procedure for voluntary delisting set out in the Guidelines, by acquiring all the balance equity shares currently not held by the Promoters and Promoter Group, that is to say, all the 5,67,660 fully paid equity shares of the face value of Rs 10 each or approximately 15.11% of the equity shares capital of the Company held by the public, on terms and conditions specified in this PA.

A special resolution has already been passed in this regard, by the shareholders of the Company at its Annual General Meeting held on March 07, 2008, approving the delisting of the Company’s equity shares, pursuant to the provisions of the Guidelines.

The Acquirer seeks to de-list the equity shares of the Company from BSE.

The floor price for the Offer under the book building process as per Clause 8.2 and 8.3 of the Guidelines is determined at Rs 1759.11 (the “Floor Price”) for each fully paid equity share of the Company.

The price at which the Acquirer is prepared to acquire the shares offered in terms of this Offer is Rs 1759.11 per share (”Offer Price”).

The Acquirer will announce the Discovered Price & its decision to accept or reject the Discovered Price in accordance with the timeline set out in this PA.

Schedule of Activities:

Public Announcement - March 10, 2008

Bid Opening Date (10.00 a.m.) - March 26, 2008

Bid Closing Date (3.00 p.m.) - March 28, 2008

Public Announcement of Exit Price & the Acquirer’s Acceptance / non-acceptance of the Exit Price by - April 01, 2008

Final Settlement Date (For Shares in Dematerialised form) latest by # - April 02, 2008

Date of Opening of the Offer for the holders of the physical shares # - April 03, 2008

Date of Closing of Offer for the holders of the Physical Shares - April 17, 2008

Final Settlement Date (For Shares in Physical Form) - April 30, 2008

# Subject to acceptance of the Discovered Price