HINDDORROL

UTI Securities Limited has submitted to the Exchange a copy of the Final Report in respect of the Open Offer for acquisition of equity shares of Hindustan Dorr-Oliver Ltd. ('HDO') by IVRCL Infrastructures & Projects Ltd. (Acquirer'). The post offer details are as follows: 1) Date of the opening of the offer - August 03, 2005; 2) Date of the closure of the offer - August 22, 2005; 3) Offer price - Rs.182/-; 4) Shares acquired in the Open Offer - 5,575 shares i.e. 0.13%; 5) Post offer share holding of the Acquirer - 29,66,913 shares i.e. 70.13%; 6) Post offer share holding of Public - 12,63,571

Hindustan Dorr-Oliver Ltd has informed the Exchange that the Company has announced the book closure from September 22, 2005 to September 28, 2005 (both days inclusive) for the purpose of AGM and payment of Dividend* * The Dividend @12% i.e. Rs. 1.20 per Equity Share of Rs. 10/- each has been recommended by the BODs, subject to approval of shareholders.

Hindustan Dorr-Oliver Ltd has submitted to the Exchange the unaudited financial results for the quarter ended June 30, 2005. The Company has informed that the auditors have expressed their reservations with respect to the following: (1)Recovery/Usage of technical know-how fees for acquiring water treatment technology of Rs.117.89 lacs (including paid Rs.98.08 lacs).In the opinion of the management, the matter is under negotiation and is likely to be settled amicably and ,therefore, no provisioning is required at this stage. 2)Recoverability of overdue sundry debtors aggregating to Rs.715.83 l

UTI Securities Ltd., Managers to the Offer have informed the Exchange that they have received clearance from SEBI to go ahead with the open offer for acquisition of equity shares of Hindustan Dorr-Oliver Limited by IVRCL Infrastructures & Projects Limited [Aquirer]. UTI Securities Ltd., has further submitted a copy of the Corrigendum Public Announcement regarding the Open Offer. The acquirer has revised the offer upward from Rs.145.60 to Rs.182/- per share.The Revised Schedule for the Offer is as follows : i) Specified date: May 27, 2005; ii) Date of opening of the Offer: August 03, 2005; iii

IVRCL Infrastructures & Projects Limited has informed the Exchange that the Company has increased the Open Offer Price to the shareholders of Hindustan Dorr-Oliver Limited (HDO) from Rs.146.50 to Rs.182/- since the non-compete fee payable to the sellers of the shares was agreed to be waived and the fee payable as non-compete fee is proposed to be paid as consideration for the shares, by the BODs at its meeting held on July 27, 2005.

Hindustan Dorr-Oliver Ltd has informed the Exchange that : (1) Mr. K, Krishnamoorthy has resigned as the Company Secretary of the Company w.e.f. June 01, 2005 and has ceased to be Compliance Officer. (2) Mr. Suresh Dadlani, who was appointed as the Managing Director of the Company for a period of 5 years w.e.f. June 22, 2000, completed his term on June 21, 2005 and has ceased to be Director of the Company from that date.(3) Mr. H.N. Nanani has resigned as the director of the company w.e.f June 29,2005. (4) Mr. B. P. Misra, Chief Operating Officer has been appointed as the Compliance Officer of

Hindustan Dorr-Oliver Ltd has informed the Exchange that the Directors at their meeting held on June 29,2005 have recommended a dividend of Rs. 1.20/- per share (12%) on the Equity Shares of the Company subject to the approval of the shareholders.

The Schedule to the offer is as follows: (1) Specified Date (for the purpose of determining the names of shareholders to whom the Letter of Offer would be sent) - May 27, 2005. (2) Date of Opening of the Offer - June 22, 2005. (3) Date of Closing of the Offer - July 11, 2005. The details of the public announcement shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

UTI Securities Ltd., Manager to the Offer, have informed the Exchange regarding the Public Announcement being issued by them on behalf of IVRCL Infrastructures & Projects Limited (hereinafter referred to as 'Acquirer' or 'IVRCL') for the attention of the shareholders of Hindustan Dorr-Oliver Limited. IVRCL Infrastructures & Projects Limited ('Acquirer') pursuant to its Board's approval at the meeting held on April 27, 2005 entered into a Share Purchase Agreement dated April 27, 2005 (hereinafter referred as "the Agreement") with Jumbo World Holdings Limited and Firestorm Finance and Trading Pv

Hindustan Dorr-Oliver Ltd has informed the Exchange that the company have received a letter dated April 27, 2005 from the Company's major shareholder, viz. Jumbo World Holdings Limited ("JWHL") intimating that they and their affiliates have entered into a binding Agreement with IVRCL Infrastructures & Projects Limited ("IVRCL"), a listed Company having its Registered Office at Hyderabad, to sell their controlling interest in the Company to IVRCL. It has been further stated in the said letter that the closure of the deal is subject to SEBI guidelines on takeover and the closing of the deal is e

Clarification of News : The press had reports on April 06, 2005 that Hindustan Dorr-Oliver Ltd is likely to be acquired by IVRCL Infrastructure & Projects Ltd. in a deal estimated at around Rs 60 crore. 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. Hindustan Dorr-Oliver Limited has vide its letter inter-alia stated, "We would like to inform you that we do not have any information about the intended acquisition of

Clarification of News : The press had reports that Hindustan Dorr-Oliver Ltd is likely to be acquired by IVRCL Infrastructure & Projects Ltd. in a deal estimated at around Rs 60 crore. 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 Hindustan Dorr-Oliver Limited.

Hindustan Dorr-Oliver Ltd has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter and nine months period ended December 31, 2004 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).