Saffron Capital Advisors Pvt.Ltd. ("Manager to Open Offer") has submitted to BSE a copy of Public Announcement pursuant to Regulations 3(1) and 4 read with Regulation 13 Regulation 14 & Regulation 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 (as amended) (SEBI (SAST) Regulations) for the attention of the Public Shareholders of Modern Converters Ltd ("Target Company").