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Sobhagya Capital Options Ltd (”Manager to the Offer”) on behalf of Mr. Nitin Bhandari & Ms. Nitika Bhandari (”Acquirers”), has issued this Corrigendum to the Public Announcement to the Equity Shareholders of Bhandari Hosiery Exports Ltd (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (”PA”) dated April 21, 2008, pursuant to and in compliance with among others, Regulation 11(1) of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (the “Takeover Regulations” or the “Regulations”).

The shareholders / beneficial owners are requested to note the following developments / amendments with respect to and in connection with the Public Announcement

Final Revised Schedule of Activities

The Final Revised Schedule of Activities pertaining to the offer are as per the table below, Shareholders of Target Company are requested to take note of the changes in dates as per the revised schedule:

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Activity				Original Schedule		Revised Schedule
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Specified Date			April 28, 2008		April 28, 2008
Date of Opening of the Offer	June 12, 2008		July 02, 2008
Date of Closing of the Offer	July 02, 2008		July 21, 2008
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The terms not defined herein will have the same meaning as defined in PA or Letter of Offer. All Other terms and conditions of the offer remain unchanged.

Sobhagya Capital Options Ltd (”Manager to the Offer”) on behalf of Mr. Nitin Bhandari & Mrs. Nitika Bhandari (”Acquirers”) has issued this Public Announcement (”PA”) to the Equity shareholders of Bhandari Hosiery Exports Ltd (”Target Company”), pursuant to and in compliance with among others, Regulations 11(1) of chapter III of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeover) Regulations, 1997 and subsequent amendments thereto (the “Takeover Regulations” or the “Regulations”).

The Offer

Pursuant to regulation 11(1) of the SEBI (SAST) Regulations, The Acquirers are making a voluntary offer to the Non Promoter Shareholders of Target Company to acquire upto 17,14,811 fully paid up equity shares (”Shares”) of Rs 10 each representing 23% of the Paid up / Voting Capital of the Target Company at Rs 18/- (Rupees Eighteen only) per share (”Offer Price”) payable in cash (”Offer”) subject to the terms and conditions mentioned in the PA.

Schedule of Activities:

Specified Date - April 28, 2008

Date of Opening of the Offer - June 12, 2008

Date of Closing of the Offer - July 02, 2008

Bhandari Hosiery Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 14, 2008, has allotted 15 lakh fully paid Equity Shares of the Company as detailed below, on conversion / in lieu of Warrants already issued on Preferential basis, to two person of the Promoters group and two specified persons of the Public, who have exercised their option of conversion by making payment of balance amount due on their respective warrants.

1. Name of the Allottee: Mr. Nitin Bhandari
- Category of Allottee: Promoters’ Group
- No of equity shares issued/allotted: 402750

2. Name of the Allottee: Mr. Nitika Bhandari
- Category of Allottee: Promoters’ Group
- No of equity shares issued/allotted: 402750

3. Name of the Allottee: Mr. Ramesh Sharma
- Category of Allottee: Specified person of public
- No of equity shares issued/allotted: 347250

4. Name of the Allottee: Ms. Aneeta Dutt
- Category of Allottee: Specified person of public
- No of equity shares issued/allotted: 347250.

Bhandari Hosiery Exports Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 14, 2008, inter alia, to consider the allotment of fully
paid equity shares of the Company on account of Conversion of already issued 15 lakhs Warrants convertible into equity shares, to two persons of Promoter Group and two specified persons of Public group, exercising their option of conversion by making payment of balance amount due on their respective warrants.