RAKESH JHUNJHUNWALA BOUGHT DELTA CORP

AS PER BSE CIRCULAR RAKESH JHUNJHUNWALA BOUGHT DELTA CORP 7500000 EQ SH ON PREFRENCIAL BASIS AND 7500000 WARRANTS @ 51 AND HIS DEAR FRIEND RMD BOUGHT 3000000 EQ SHARES ON PREFRENCIAL BASIS @ 51. MOREOEVER, ALCHEMY ALSO BOUGHT 1000000 EQ SHARES ON PREFRENCIAL BASIS @ 51 AND PROMOTER OF ALCHEMY LASHIT SANGHVI BOUGHT 1200000 EQ SHARES ON PREFRENCIAL BASIS @ 51 AND 800000 WARRANTS.

THE WARRANT HOLDER CAN CONVERT THE WARRANT INTO EQUITY SHARES IN THE RATIO OF 1:1 AND WARRANT HOLDER PAY 25% ON THE DATE OF ALLOTMENT AND BALANCE 75% ON THE DATE OF CONVERSION, WHICH IS 18 MTHS.