Saffron Capital Advisors Pvt Ltd (\Manager to the Open Offer\) has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulations 13, 14 and 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, for the attention of the Public Shareholders of Shantai Industries Ltd (\Target Company\).