BALASTEELS

Shri Ramrupai Balaji Steels Limited has informed the Exchange that: "the Hon'ble Calcutta High Court was pleased to approve the Scheme of Amalgamation of Shri Ramrupai Balaji Steels Limited with Jai Balaji Sponge Limited on 14th June, 2007".

Shri Ramrupai Balaji Steels Limited has informed the Exchange that the Board of Directors of Shri Ramrupai Balaji Steels Limited (SRBSL) at their meeting held on August 28, 2006 have approved of a Scheme of Amalgamation of SRBSL with Jai Balaji Sponge Limited (JBSL) with effect from April 01, 2006. In consideration of the amalgamtion, JBSL will issue and allot shares to the members of SRBSL in exchange ratio of 1 (One) Equity Share of Rs. 10/- each credited as fully paid up in JBSL for every 3 (Three) Equity Shares of Rs. 10/- each held by them in SRBSL. The Scheme is subject to and will be gi

Shri Ramrupai Balaji Steels Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 11,2006 have, subject to further review, approved in principle, the merger of the Company with Jai Balaji Sponge Limited along with the appointment of consultants and valuers to assist the Company in the process.