BILT

Ballarpur Industries Ltd has informed the Exchange that the BODs in its Meeting held on October 28, 2005 has approved / decided the following :- 1) Withdrawal of nomination of Mr. R K Ahooja by UTI from the BODs of the Company. 2) Appointment of Mr. R K Ahooja as an Additional Director of the Company. 3) Appointment of M/s Pricewaterhouse Coopers to carry out a valuation of M/s APR Packaging Limited with the intent of making it a 100% subsidiary of the Company. 4) Appointment of a valuer to value the Assets pertaining to the Power Division with the intent of hiving them off into a separate Com

Ballarpur Industries Ltd has informed the Exchange that in its meeting held on August 30, 2005, the BODs has approved the revision of remuneration payable to Mr. B. Hariharan - Group Director (Finance) w.e.f July 01, 2005.

Ballarpur Industries Ltd has informed the Exchange that UTI Mutual Fund has sold 32,78,259 equity shares aggregating to 2.0089% of the total paid up capital of Ballarpur Industries Ltd., during the period between September 23, 2004 to August 16, 2005. These shares have been sold by UTI Mutual Fund in the Secondary Market. The shareholding of UTI Mutual Fund after the said is 3.22% of the total paid up capital of Ballarpur Industries Limited.

Ballarpur Industries Ltd has informed the Exchange that the BODs in its meeting held on August 30, 2005, has recommended payment of final dividend of 25% (including the interim dividend of 12.5% paid in February, 2005) on the equity shares of the Company. Further, the Board has decided to convene the AGM of the Company on December 07, 2005 and to close the Share Transfer Books and Register of Members of the Company from November 24, 2005 to December 07, 2005 (both days inclusive).

Ballarpur Industries Ltd has submitted to the Exchange a copy of Minutes of EGM of the Company held on July 06, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Ballarpur Industries Ltd had informed the Exchange of the launch by the company of an offering of USD 60 million Foreign Currency Convertible Bonds(FCCBs). The Company has on July 12,2005 successfully closed an international offering of zero coupon foreign currency convertible bonds aggregating to US$ 60 million. The FCCBs are due for redemption on July 13, 2010 and are convertible at an initial conversion price of Rs. 180 per share.

Ballarpur Industries Ltd has informed the Exchange that the Company has launched a USD 60 million Foreign Currency Convertible Bond Offering. The Bonds are expected to be listed on the Singapore Stock Exchange. The offering was launched after market trading hours on June 17, 2005. The Bonds, which have a maturity of 5 years, are convertible at a conversion price of Rs. 180 per share, which is at a premium of 52.477% over the closing price of BILT of Rs. 118.05 on the National Stock Exchange on June 17, 2005. The Bonds carry a zero coupon with a yield to maturity set at 6.30%. The proceeds of t

Ballarpur Industries Ltd had informed the Exchange regarding the in principle approval of the Board of Directors to undertake a fresh issue of Foreign Currency Convertible Bonds (FCCBs).The company has now informed that the proceeds of the said FCCB issue would inter alia be used for capital expenditure, repayment of existing FCCBs and other permissible purposes in accordance with applicable law.

Ballarpur Industries Ltd has informed the Exchange that the Equity Shares of the Company have been delisted from Calcutta Stock Exchange Association Limited w.e.f. April 25, 2005. The Company has also submitted a copy of the Notice of EGM of the Company Convened on July 06, 2005. . A copy of the EGM notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Ballarpur Industries Ltd has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter/nine months ended March 31, 2005 and found the same to be in order subject to certain observations. The auditor's observations are: The management has informed the Auditors that in line with the accounts for the year ended June 30, 2004, no provision has been made in these quarterly accounts in respect of customs duty and incidental expenses on plant and machinery lying under the custody of Port authorities/Bonded warehouse as the amount i

Ballarpur Industries Ltd has informed the Exchange that the BODs in its meeting held on April 26, 2005 has noted/approved/decided the following: 1) Resignation of Dr. Cherif Sedky from the Directorship of the Company. 2) In principle approval for pre-payment of existing FCCBs amounting to USD 45 million, in part or full, subject to regulatory and other approvals. To finance the pre-payment as above, the Board also approved in principle, a fresh issue of FCCBs aggregating upto USD 60-100 million. The issue will be subject to pre-payment of the existing FCCBs and will not result in any increment

Ballarpur Industries Ltd has informed the Exchange that Bilt Paper Holdings Limited (BPHL), one of the promoters of the Company, has acquired 6,66,650 equity shares of Rs.10/- each of the Company, constituting 0.41% of the Equity Capital. These Shares have been acquired by BPHL from other Promoter Group Companies. Consequent upon this acquisition, the total shareholding of BPHL in the Company has increased from 5,22,07,930 equity shares of Rs.10/- each (32.14% of the equity capital) to 5,28,74,580 equity shares of Rs.10/- each (32.55% of the equity capital). However, the total promoter's hold

Ballarpur Industries Ltd has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter/half-year ended December 31, 2004 and found the same to be in order subject to certain observations. The auditor's observations are: The management has informed the Auditors that in line with the accounts for the year ended June 30, 2004, no provision has been made in these quarterly accounts in respect of customs duty and incidental expenses on plant and machinery lying under the custody of Port authorities/Bonded warehouse as the amount

Ballarpur Industries Ltd has informed the Exchange that "Fitch Ratings' has upgraded the Long Term Debt ratings of the Company as per the following details: 1) INR500m Non Convertible Debentures-'AA-(ind)/Stable' (Upgraded) 2) INR1000m Non Convertible Debentures - 'AA-(ind)/Stable' (Assigned) 3)INR500m Short Term Debt Programme - 'F1+(ind)' (Assigned) 4) INR1000m Commercial Paper Programme -'F1+(ind)' (Affirmed) 5) INR245m Structured debt programme (partially guaranteed by FMO, Netherlands) - 'AA+(SO)(ind)/Stable' (Affirmed) 6) INR500m Preference Shares - 'A(PS)(ind)' (Withdrawn).

Ballarpur Industries Ltd has informed the Exchange that Dr Cherif Sedky, one of the Directors of the Company has resigned from the Directorship of the Company w.e.f. March 09, 2005.

Ballarpur Industries Ltd has informed the Exchange that Bilt Paper Holdings Limited (BPHL), one of the promoters of the Company, has acquired on March 09, 2005, 20,02,200 equity shares of Rs.10/- each of the Company, constituting 1.23% of the equity capital. Consequent upon this acquisition, the total shareholding of BPHL in the Company has increased from 5,02,05,730 equity shares of Rs.10/- each (30.91% of the equity capital) to 5,22,07,930 equity shares of Rs.10/- each (32.14% of the equity capital). Out of the total shareholding of BPHL, voting rights in respect of 93,81,190 shares (5.78%)

Ballarpur Industries Ltd has informed the Exchange that the BODs in its meeting held on January 25,2005 approved/decided the following:1)Change in designation of Mr. R R Vederah from "Dy Managing Director" to "Joint Managing Director" of the Company. 2)Declaration of Interim Dividend @12.5% on the Equity Shares of the Company. 3)Fixation of February 10, 2005 as the record date for the purpose of payment of interim dividend on the Equity Shares of the Company. The Board also granted its in principle approval to the Business Plan of the Company for next 5 years including an expansion/modernizati

Ballarpur Industries Ltd has informed the Exchange that the auditor's have conducted the limited review for the unaudited financial results for the quarter ended September 30, 2004 and found the same to be in order subject to certain observations. The auditor's observations are: The management has informed the Auditors that in line with the accounts for the year ended June 30, 2004, no provision has been made in these quarterly accounts in respect of customs duty and incidental expenses on plant and machinery lying under the custody of Port authorities/Bonded warehouse as the amount is current

Ballarpur Industries Ltd has informed the Exchange that the AGM of the company will be held on December 15, 2004.

News Verification : The press had reports on May 11, 2004 that Ballarpur Industries Limited plans Rs 500 crore capacity expansion. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Ballarpur Industries Limited has vide its letter inter-alia stated, "In this regard, please note that the statements being referred to, in the said news item indicate the Company's strategy as a whole towards growth rather than a specific