BHAGYNAGAR

Bhagyanagar India Limited has informed the Exchange that Bhagyanagar India Limited has incorporated Bhagyanagar Metals Ltd. as a Wholly Owned Subsidary Company (date of incorporation-September 25, 2006 and authorised capital (Rs.) 5.00 Lakhs) in the State of Andhra Pradesh, having their registered office at 5th floor, Surya Towers, S.P. Road, Secunderanbad- 500 003.

Bhagyanagar Metals Limited has informed the Exchange that the Company has incorporated the following Wholly Owned Subsidiary Companies in the State of Andhra Pradesh. Name of the Subsidiary-Bhagyanagar Properties Ltd; Date of Incorporation: April 25, 2006; CIN-U70102AP2006PTC050010; Authorised Capital Rs.5.00 Lakhs.Name of the Subsidiary- Bhagyanagar Infrastructure Ltd; Date of Incorporation- July 07, 2006; CIN-U70109AP2006PLC050560; Authorised Capital-1.00 Crore.

Bhagyanagar Metals Limited has informed the Exchange that the Company has entered into an agreement for purchase of 25 acres of land for a total value of Rs. 118.00 Crores for development of IT park / housing township. This site is located near Hitech City, Hyderabad, which is the hub of activities for IT parks and housing townships. With this project the company will be fully diversified into a Real Estate and Infrastructure Development activity. The company is also in the process of getting construction contracts for IT parks. The current clients of the Group include - (a) Microsoft India (R

Bhagyanagar Metals Limited has informed the Exchange regarding the highlights of the meeting of the BoDs held on June 13, 2006. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Bhagyanagar Metals Limited has informed the Exchange regarding a press release issued by the Company in respect of the Audited Financial Accounts for the year ended March 31, 2005. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Bhagyanagar Metals Limited has informed the Exchange that the board of directors of the company at their meeting held on January 19, 2005 have adopted the Un-audited financial results of the company for the quarter ended December 31, 2004. The details of the press release issued by the company in this regard shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Bhagyanagar Metals Limited has informed the Exchange that the Company has issued a press release with regards to the sub-division of the equity shares of Rs.10/- each into five equity shares of Rs.2/- each. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).