GAMMONIND

Gammon India Ltd. has informed the Exchange that the financial year of the Company is January to December. However, it has been decided to change the year end from December to March and make the financial year as April - March thereafter. Accordingly, the Audited Annual Accounts for the current financial year shall be complied for a period of fifteen months from January, 2005 to March, 2006.

Gammon India Ltd. has informed the Exchange that Uno Investments have sold 3,050,000 shares aggregating to 3.96% of the total share capital of Gammon India Limited on November 14, 2005. The mode of sale is Market Sale and the shareholding of Uno Investments after the said sale is 6,075,000 shares aggregating to 7.90% of the total share capital of the Company.

Clarification of News : The press had reports on November 16, 2005 that Gammon India Ltd may team up with Bombardier Inc for the Automated People Mover (APM) Project, Dubai. 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. Gammon India Limited has vide its letter inter-alia stated, " We wish to inform you that Bombardier and Gammon are jointly submitting a bid for Automated People Mover (APM) project in Dubai. Howev

International Financial Services Limited has informed the Exchange that they Uno Investments have sold 3,050,000 shares aggregating to 4.0% of the total paid up capital of Gammon India Ltd. on November 14, 2005. The mode of sale is Open Market and the shareholding of Uno Investments after the said sale is 6,075,000 shares aggregating to 7.97% of the total paid up capital of Gammon India Ltd.

Clarification of News : The press had reports that Gammon India Ltd may team up with Bombardier Inc for the Automated People Mover (APM) Project, Dubai. 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. Reply is awaited from Gammon India Limited.

Gammon India Ltd. has submitted to the Exchange a copy of the Notice of the EGM of the members of the Company to be held on November 24, 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).

Gammon India Ltd. has informed the Exchange that the board has decided to issue GDRs/ADRs/FCCBs / other instruments by way of international offerings in one or more tranches subject to a limit of US$ 100 million to foreing investors, institutions, mutual funds etc. in supersession of the previous proposal.

Gammon India Ltd. has informed the Exchange that the Company intends to offer, issue and allot either in India or in the course of international offering(s)in one or more foreign markets, such number of Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs)and/or Equity shares (through Depository Receipt Mechanism)etc. upto an amount not exceeding US $ 100 million.

Gammon India Ltd. has submitted to the Exchange a copy of the Notice of the EGM of the members of the Company to be held on November 12, 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).

Clarification of News : The press had reports on October 01, 2005 that Gammon India Limited is close to selling its 12.5% minority stake in Gammon Infrastructure Projects Limited for Rs 120 crore to a hedge fund. 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. Gammon India Ltd. has vide its letter inter-alia stated, "We wish to state that the news is not factually correct and the Company does not intend to sell any

Gammon India Ltd. has informed the Exchange that at the meeting of the BODs of the Company held on September 24, 2005, it has been decided to issue Foreign Currency Convertible Bonds / Global Depository Receipts / other Instruments by way of international offerings in one or more tranches at such price as may be decided subject to a limit of US$ 100 Million to foreign investors, institutions, mutual funds etc. An EGM is being convened for approval of the above said issues and will be further subject to such approvals as may be required.

Gammon India Ltd. has informed the Exchange that Sikkim Hydro Power Ventures Ltd, (a Special Purpose vehicle Company incorporated for the development of 60 MW Rangit - II Hydro Electric Power Project in Sikkim has become a subsidiary of Gammon Infrastructure Projects Ltd (GIPL). As GIPL is a wholly owned subsidiary of the company, Sikkim Hydro Power Ventures Ltd in turn has also become a subsidiary of the Company.

Gammon India Ltd. has informed the Exchange that Mumbai Nasik Expressway Limited, (a Special Purpose Vehicle Company incorporated for the purpose of execution of Vadape - Gonde Road Project on BOT basis between Mumbai and Nasik) has become a subsidiary of Gammon Infrastructure Projects Limited (GIPL). As GIPL is a wholly owned subsidiary of Gammon India Limited, Mumbai Nasik Expressway Limited in turn has also become a subsidiary of Gammon India Limited.

Gammon India Ltd. has informed the Exchange that the Company has been awarded a road project by National Highways Authority of India for construction of new flexible / rigid 2/3 - lane pavement parallel to existing carraigeway and reconstruction / strengthening / widening of the existing carraigway of about 27 km in the state of West Bengal. The project size is approximately Rs.232 crores.

Gammon India Ltd. has informed the Exchange that Mr. Himanshu Parikh, Executive Director of the Company has sold 4655 shares of the Company on July 19, 2005 held by him

Gammon India Ltd. has informed the Exchange that the company has been awarded a road project between Mumbai and Nashik by National Highways Authority of India on Build, Operate and Transfer Basis cum Grant Scheme. Estimated at approximately Rs.800 crores, the project will be one of the largest public private partnership road projects of the country.

Gammon India Ltd. has informed the Exchange that the Company will be paying the dividend @ 25% for the nine months period ended December 31, 2004 on and from July 15, 2005, subject to the approval of the Shareholders at the AGM to be held on June 28, 2005.

Gammon India Ltd. has informed the Exchange that an AGM of the members of the Company will be held on June 28, 2005. A copy of the AGM notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Gammon India Ltd. has informed the Exchange that the Company has announced the Book Closure from June 21, 2005 to June 28, 2005 (both days inclusive) for the purpose of payment of dividend for the nine months period ended December 31, 2004.

Gammon India Ltd. has informed the Exchange that Mr. Himansu Parikh has been appointed as an Executive Director w.e.f. May 1, 2005 at the meeting of the BODs of the company held on April 28, 2005.

Gammon India Ltd. has informed the Exchange that with effect from April 01, 2005 Intime Spectrum Registry Limited have been appointed as Registrar and Transfer Agents of the Company in place of Sharepro Services.

Gammon India Ltd. has informed the Exchange that the Board has recommended a dividend of 25% on Equity Shares at its meeting held on March 25, 2005.

Gammon India Ltd. has informed the Exchange that Mr. S. A. Reddi, Dr. N. V. Nayak, Mr. M.S. Bisaria and Mr. V. M. Dharap have resigned as Directors of the Company.

Gammon India Ltd. has informed the Exchange that M/s Vizag Seaport Private Limtied has ceased to be the company's subsidiary.

Gammon India Ltd. has informed the Exchange that the Company has fixed March 22, 2005 as the record date for the purpose of Stock Split.

Gammon India Ltd. has informed the Exchange that the shareholders of the company at the EGM held on February 28,2005 have approved inter-alia sub-division of the nominal value of equity shares of the company from Rs.10/- per share to Rs.2/- per share.

Gammon India Ltd. has informed the Exchange that Andhra Expressway Limited and Rajahmundry Expressway Limited are the Special Purpose Vehicle Companies promoted by the company in joint venture with Punj Lloyd Limited(PLL) for implementation on BOT basis of Dharmavaram-Tuni Road project(Rs.212 crores) and Rajahmundry-Dharmavaram Road Project(Rs.219 crores) respectively in Andhra Pradesh. The company along with its wholly owned subsidiary viz. Gammon Infrastructure Projects Limited has acquired certain holding: in the said Special Purpose Vehicle Companies; of Punj Lloyd Limited. Consequently, A

Gammon India Ltd. has informed the Exchange that Mr. Himanshu Parikh, Director of the company, has sold three Hundred Seventy One (371) shares of the company on December 30,2004 and Five hundred (500) shares on December 31,2004, held by him.

Gammon India Ltd. has informed the Exchange that it has been decided by the Company that its current financial year would be from April 01,2004 to December 31,2004(Nine months period).

Gammon India Ltd. has informed the Exchange that an Extra-Ordinary General Meeting of the members of the company will be held on February 28, 2005. The details of the notice of EGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Gammon India Ltd. has informed the Exchange that at the board meeting held on January 12, 2005, it was decided to sub-divide the shares of the Company having face value of Rs.10/- per share at present into shares of the face value of Rs.2/- per share. The same is subject to necessary approvals including that of the shareholders.

Gammon India Ltd. has informed the Exchange that Gammon India Limited(GIL) in Joint Venture with a Muscat based company has been awarded a prestigious contract for executing on a turnkey basis a water transmission system consisting of pipelines/Reservoirs/Pumping Stations for the Independent Water and Power Project at Sohar, Oman by the Ministry of Housing, Electricity and Water, Oman. The contract value is for RO 56.6 million equivalent to Rs. 640 Crores (Approximately) with completion period of 20 months.

Gammon India Ltd. has informed the Exchange that the BODs at its meeting held on December 22,2004 have allotted 9,16,030 equity shares of the Company at a price of approx. Rs.575/- per share to The Bank of New York,acting as depository in connection with issue of Global Depository Receipts.

Gammon India Ltd. has informed the Exchange that Mr. Shobhit Rajan, Director of the company has sold ten thousand (10,000) shares of the company, held by him.

Gammon India Ltd. has informed the Exchange that at the board meeting held on November 23,2004 the board decided not to recommend any interim dividend.

Gammon India Ltd. has informed the Exchange that Mr. Kunal Shroff has been appointed as an additional director at the meeting of the BODs of the company held on November 08,2004. He has been nominated by Uno Investments, Mauritius.

Uno Investments has informed the Exchange that they have acquired 1,825,000 equity shares of Gammon India Ltd. representing 12.62% of the total paid up capital of the company. The date of acquisition is November 08, 2004 and the mode of acquisition is by way of preferential allotment. The shareholding of Uno Investments after the said acquisition is 1,825,000 equity shares representing 12.62% of the total paid up capital of Gammon India Limited.

Gammon India Ltd. has informed the Exchange that Uno Investments have acquired 18,25,000 equity shares representing 12.62%. The date of acquisition is November 08, 2004 and the mode of acquisition is by way of Preferential Allotment. The shareholding of Uno Investments after the said acquisition is 18,25,000 equity shares representing 12.62% of Gammon India Limited.

Gammon India Ltd. has informed the Exchange that the Company at the meeting of its BOD held on November 08, 2004, has allotted 18,25,000 equity shares of Rs.10/- each at a premium of Rs.495/- per share on preferential allotment basis to Uno Investments, 3rd Floor, Les Cascades, Edith Cavell Street, Port Louis, Mauritius.

Gammon India Ltd. has informed the Exchange that Dr. N V Nayak, on completion of his tenure on October 31, 2004 has ceased to be Dy. Managing Director of the Company. However, w.e.f. November 01, 2004 he continues as a Director of the company.

Gammon India Ltd. has informed the Exchange that the Board has decided to issue Depository Receipts by way of international offerings in one or more tranches subject to a limit of US $ 12 Million to foreign investors, institutions, mutual funds etc. An EGM has been convened on October 29, 2004 for approval of the above said issue and wil be further subject to such approvals as may be required.

Gammon India Ltd. has informed the Exchange that an EGM of the Members of the company will be held on October 29, 2004, to transact the following business as Special business : 1) To offer, issue and allot upto 21,78,218 fully paid up equity shares (subject to minimum of 1821782 Equity Shares) of Rs.10/- each at a premium of Rs.495/- per equity share (aggregating to an issue price of Rs.505/- per equity share) aggregating to Rs.110 crores (Subject to a minimum of Rs.92 crores) to Uno Investments on a preferential allotment basis. 2) To offer, issue and allot Depository Receipts for an aggregat

Gammon India Ltd. has informed the Exchange that Mr. M S Bisaria, on completion of his tenure on September 30, 2004 has ceased to be wholetime Director of the Company. However, he has been appointed as Additional Director of the company w.e.f. October 01, 2004.

Gammon India Ltd. has informed the Exchange that at its meeting held on October 05, 2004 the BOD have decided the following: 1) To issue upto 21,78,218 equity shares on preferential allotment basis to Uno Investments, a wholly owned subsidiary of Chrys Capital III LLC aggregating to Rs.110 crores at a price of Rs.505/- (Rs.10/- face value + premium Rs.495/- per share). The minimum number of shares that may be issued to Uno Investments will be 18,21,782 aggregating to Rs.92 crores. 2) The BOD have also decided to issue Depository Receipts by way of international offerings in one or more tranche

Gammon India Ltd. has informed the Exchange that the company will be paying the dividend @ 25% for the year 2003-2004 on October 15, 2004, subject to the approval of the Shareholders at the AGM to be held on September 29, 2004.

Gammon India Ltd. has informed the Exchange that Mr. S.A. Reddi, on completion of his tenure on September 18, 2004, has ceased to be Dy. Managing Director of the Company. However, he continues as Non-Executive Director of the Company.

Gammon India Ltd. has informed the Exchange that Mr. S A Reddi, on completion of his tenure on September 18, 2004 has ceased to be Dy. Managing Director of the company. However, he continues as Non-executive Director of the company.