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Transoceanic Properties Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 28, 2008, has approved the following:

1. Appointment of Mr. Rajendra S Shah and Mr. Mitul J Shah as Directors of the Company.

2. Pursuance to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the Management and day to day affairs of the Company has been handed over to Mr. Rajendra S Shah and Mr. Mitul J Shah.

3. Resignation of Mr. Jinendra Nahar from the Board.

Ashika Capital Ltd (”Manager to the Offer”) for & on behalf of Mr. Rajendra S Shah & Mr. Mitul J Shah (”Acquirers”) has issued this Post Offer Public Announcement to the shareholders of Poddar Infrastructure Ltd (Formerly known as Transoceanic Properties Ltd) (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (PA) dated September 21, 2007 & December 31, 2007, in terms of Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the “Regulations”), to acquire upto 60,000 equity shares of Rs 10/- each representing 20% of the voting capital of the Target Company at a price of Rs 80/- (’Offer Price’) payable in cash are as under:

Details of the Acquisition:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 80 per share 		Rs 80 per share

2. Shares acquired in the		60,000 (20.00%) 		60,000 (20%)
   open offer 

3. Post offer Shareholding		2,03,000 (67.67%) 		2,03,000 (67.67%)
   of Acquirer(s)
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