BALASTEELS

Members of the Exchange are hereby informed that the trading in equity shares of Shri Ramrupai Balaji Steels Limited shall be suspended w.e.f. August 16, 2007 (i.e. closing hours of trading on August 14, 2007) on account of Scheme of Amalgamation.

Jai Balaji Sponge Limited has informed the Exchange that: "The Board of Directors of the Company at their meeting held on 31st July, 2007 has fixed Friday, 24th August, 2007 as the record date pursuant to the Scheme of Amalgamation between Shri Ramrupai Balaji Steels Limited (Transferor Company) and Jai Balaji Industries Limited (Transferee Company) as approved by the Hon'ble High Court at Calcutta and filed with Registrar of Companies, West Bengal, on 23rd July, 2007, for the purpose of determining the eligibility of members of Shri Ramrupai Balaji Steels Limited for allotment of equity share

Shri Ramrupai Balaji Steels Limited has informed the Exchange that: "The Board has decided to set up a Cement Plant of 3 (three) million tonnes capacity in the state of Orissa involving an estimated investment of about Rs.1100 Crores (Rupees Eleven Hundred Crores only)".

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: "We have displayed the designated e-mail ID for grievance redressal prominently on our website www.jaibalajigroup.com. The email ID is ramrupai@jaibalajigroup.com. The Company Secretary shall be the Compliance Officer for the purpose of registering complaints by the investors".

Shri Ramrupai Balaji Steels Limited has informed the Exchange that the Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007

Shri Ramrupai Balaji Steels Limited has submitted to the Exchange a copy of notice of the Court Convened Meeting scheduled to be held on April 12, 2007. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ShriRamrupai_Not_29032007.zip target=NEW> For more details click here.</a>

Shri Ramrupai Balaji Steels Limited has informed the Exchange that "the Captive power plant of capacity 40 Mega Watt will be commissioned on 29th March, 2007 at VILL - Banskopa, P.O. - Rajbandh, Durgapur - 713 212."

Shri Ramrupai Balaji Steels Limited has informed the Exchange that "by an order dated the 8th day of March, 2007 the Hon'ble High Court at Calcutta has directed a Meeting of the Equity Shareholders of the Company scheduled to be held at "Rotary Sadan" (Shripati Singhania Hall), 94/2, Chowringhee Road, Kolkata - 700 020 on Thursday, the 12th day of April, 2007 at 2:00 P.M. to consider and to approve the proposed Scheme of Amalgamation of the Company with Jai Balaji Sponge Limited".

Shri Ramrupai Balaji Steels Limited has informed the Exchange that: "As a part of our expansion plans, the rolling mill of capacity 1,80,000 MT per annum will be commissioned on 23rd February, 2007 at VILL-Banskopa, P.O.-Rajbandh, Durgapur - 713 212".

Shri Ramrupai Balaji Steels Limited has submitted to the Exchange a copy of the extracts of the minutes of the meeting of the Board of Directors of the company held on August 28,2006. The copy of the extracts shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Ramrupaibalaji_Min_03112006.zip target=NEW> For more details click here.</a>

Shri Ramrupai Balaji Steels Limited has submitted to the Exchange a copy of Minutes of the proceedings of the AGM of the Company held on September 23, 2006. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Shrirampurai_AGM_01112006.zip target=NEW> For more details click here.</a>

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 has decided to convene the AGM of the Company on September 23,2006. Further, the Board of Directors at its aforesaid meeting has also decided to close the Register of Members and Share Transfer Books from September 21,2006 to September 23,2006 (both days inclusive) for the purpose of the aforesaid AGM.

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.

Shri Ramrupai Balaji Steels Limited has informed the Exchange that the Board of Directors of the Company in its Meeting held on June 28, 2006, has approved a project as a part of the expansion plan of the Company at a total cost of Rs.168.94 crores. The Various modules of the project along with their individual capacity and expected date of commissioning are detailed below: Unit- Rolling Mill, Capacity- 1,80,000 M.T., Expected date of Commissioning - December, 2006; Unit- Railway Siding, Railway Siding- Nil, Expected date of Commissioning-December, 2006; Unit- Ferro Alloy, Capacity- 51,000 M.

Shri Ramrupai Balaji Steels Limited has informed the Exchange that Ministry of Coal of Government of India, vide their letter no. 13016/30/2005-CA-1 dated the October 04, 2005 has identified the Company as one of the joint allocattees for a Captive Coal Block for the Company's part requirement consisting of 2.88 million tonnes of coal in Ardhagram in ECL area which is having estimated reserves of 389.77 million tonnes.

Shri Ramrupai Balaji Steels Limited has informed the Exchange that the Company has decided to commission its Coal Washery unit to process 2,16,000 MT coal per annum and part of its Steel Melting Shop of the capacity of 1,76,418 MT Billet per annum at Durgapur, West Bengal on September 30, 2005.

Shri Ramrupai Balaji Steels Limited has informed the Exchange that Reliance Diversified Power Sector Fund - Scheme of Reliance Mutual Fund has acquired 40,00,000 shares aggregating to 6.061% of the total paid up capital of Shri Ramrupai Balaji Steels Limited. The mode of acquisition is IPO Allotment through Book Building process and the shareholding of Reliance Diversified Power Sector Fund - Scheme of Reliance Mutual Fund after the said acquisition is 40,00,000 shares aggregating to 6.061% of the total paid up capital of the Shri Ramrupai Balaji Steels Ltd.

Reliance Capital Asset Management Limited has informed the Exchange that Reliance Diversified Power Sector Fund - Scheme of Reliance Mutual Fund have acquired 40,00,000 shares aggregating to 6.061% of the total paid up capital of Shri Ramrupai Balaji Steels Limited. The mode of acquisition is IPO Allotment through Book building process. The shareholding of Reliance Diversified Power Sector Fund - Scheme of Reliance Mutual Fund after the said acquisition is 40,00,000 shares aggregating to 6.061% of the total paid up capital of Shri Ramrupai Balaji Steels Limited.

Reliance Capital Asset Management Limited has informed the Exchange that Reliance Diversified Power Sector Fund - Scheme of Reliance Mutual Fund have acquired 40,00,000 shares aggregating to 6.061% of the total paid up capital of Shri Ramrupai Balaji Steels Limited. The mode of acquisition is IPO Allotment through Book building process and the intimation of allotment of shares is received on August 05, 2005. The shareholding of Reliance Diversified Power Sector Fund - Scheme of Reliance Mutual Fund after the said acquisition is 40,00,000 shares aggregating to 6.061% of the total paid up capita