Bliss Chemicals and Pharmaceuticals India Limited

This Document is important and requires your immediate attention.

This Letter of Offer is sent to you as a Shareholder(s) of

BLISS CHEMICALS AND PHARMACEUTICALS INDIA LIMITED

If you require any clarifications about the action to be taken, you may consult your stock broker or investment consultant or Merchant

Banker to the Offer (Manager to the Offer)/ Registrar to the Offer. In case you have sold your Shares in the Company, please hand over this

Letter of Offer and the accompanying Form of Acceptance cum acknowledgement, Form of Withdrawal and Transfer Deed to the Member

of Stock Exchange through whom the said sale was effected.

1.a Name ,Address ,

Telephone Numbers and

Fax Numbers(if available)

Of the Acquirers

Shri. M G Wagle

Durgesh, 1st Floor , Saraswati Baug, Jogeswari (East),Mumbai 400 060

Tel No. (022) 28353204 Fax No.(022) 28563930

Shri. Gautam R Ashra

1/4, Breach Candy Apartments, B D Road, Mumbai 400 026

Tel No. (022)22043564 Fax No.(022)22044611

Shri. Shibroor N Kamath

202, Jai Akshay Sagar Coop Hsg. Sty Ltd., Namdeo Path , Dombivli (E) 421 201

Tel No. (0251)2860040 Fax No.(0251)2860438

1.b Details of the Persons Acting in Concert

(PACs), if any

There are no persons acting in concert with the Acquirers

2. Name ,Address,

Telephone Number,

Fax Number and

E Mail ID of the

Target Company

Bliss Chemicals and Pharmaceuticals India Ltd.

Corporate Office, Skypak House Annexe, Off. M Vasanji Road, Marol,

Andheri (East), Mumbai 400 059

Ph. Nos. (022) 2850 5387, 2850 3870 Fax No. (022) 28563930

E-mail: bliss@bom3.vsnl.net.in

3 (a) Number of Shares proposed to be acquired

through this Offer

5, 20,000 Equity Shares

3.(b) % to Voting Capital

% to Subscribed Capital

% to Paid Up Capital

20.19 %

20.00 %

20.10 %

4.(a) Offer price Rs.11/10 (Rupees Eleven and Paise Ten per fully paid up Equity Share.)

Rs.6/10 (Rupees Six and Paise. Ten per partly paid up Equity Share.)

4 (b) Mode of settlement In Cash

Other relevant information

5. This Offer is pursuant to SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 1997 and subsequent amendments thereof.

6. This Offer is not conditional as to any minimum level of acceptance.

7. This is not a competitive bid.

8. Statutory approvals required for completing the Offer - RBI approval in case of Non-Resident Shareholders. No other Statutory approvals, other than

this is required.

9. Shareholders who have accepted the offer by tendering the requisite documents, in terms of the Public announcement / Letter of offer, can

withdraw the same upto 3 working days prior to the date of closure of the Offer. The Last date for such withdrawal is Tuesday July 27, 2004

10. Any upward revision or withdrawal of the Offer would be informed by way of a Public Announcement in the same Newspapers where the original

Public Announcement had appeared. The last date for such revision is Wednesday, July 21, 2004. Consideration at the same rate will be paid for all

Equity Shares tendered anytime during the Offer period.

11. There is no Competitive Bid

A copy of this Letter of Offer (including the Form of acceptance and acknowledgement, Form of Withdrawal) and Copy of the Public Announcement is

available on SEBI's web-site: www.sebi.gov.in

MERCHANT BANKER TO THE OFFER REGISTRARS TO THE OFFER

FEDEX SECURITIES LIMITED MONDKAR COMPUTERS PVT. LTD

SEBI Regn. No. 1NM 000010163 SEBI Regn. No. INR 000000114

1205, Dalamal Tower, Nariman Point,

Mumbai 400 021

Tel. Nos. (022) 2282 9101/9102 Fax No. (022) 5630 1797

E Mail: fedex@vsnl.com

Contact Person: Shri. R. Ramakrishnan

21, Shakil Niwas, Mahakali Caves Road,

Andheri (East), Mumbai 400 0093

Telephone Nos. 2836 6620, 2822 1966 Fax No. (022) 2821 1996

E mail: mcplrt@bom7.vsnl.net.in

Contact Person: Shri.Ravindra Utekar

The Schedule of activities is as follows:

Activity Date

Public Announcement (PA) Thursday, May 20, 2004

Specified date Monday, June 14, 2004

Last date for a competitive bid Thursday, June 10, 2004

Letter of Offer to be posted to shareholders On or before Friday, June 25, 2004

Date of opening of the Offer Friday, July 2, 2004

Last

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