HINDMOTOR

Hindustan Motors Ltd. has informed the Exchange that: "One of the five registered trade unions chose to go on a wildcat strike and disrupted normal operations at our Uttarpara Plant on the 12th of March 2007. As of this morning, large section of the work force returned to work and operations have resumed at the plant. We expect that over the next few shifts, full normalcy would be restored. However, picketing & sloganeering by a section / faction continues. Law and Order is being maintained in and around the plant with the help of Civil Administration and relevant authorities. We are hopeful t

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter and nine months period ended December 31, 2006 and found the same to be in order subject to certain observations. The auditor's observations are: "No provision has been made in respect of doubtful / disputed debts, advances, claims etc aggregating to Rs. 885.19 lacs. Had the impact of Clause 3 above been considered, the loss for the quarter and nine months period ended December 31, 2006 would have been Rs. 2270.92 lacs and Rs. 4862.57 lacs (inc

Hindustan Motors Ltd. has informed the Exchange that "Our Company has finalised an arrangement with M/s Shriram Properties Ltd. of Bangalore for the development of "An Integrated IT Township and Auto Park" In 314 acres of land specifically identified for this purpose and in accordance with the conditions laid down by the West Bengal Government in it's approval order dated 13th September 2006. The Company will forthwith submit necessary application to the consortium of lenders since the arrangement is subject to their approval. Development of the proposed integrated IT Township & Auto Park woul

Hindustan Motors Ltd. has informed the Exchange that "Mr. Achintya Karati has ceased to be the nominee of ICICI Bank Limited (ICICI) with effect from 3rd January 2007 and in his place Mr. Yogesh Rastogi has been nominated by ICICI as a non-rotational nominee director on the Board of the Company with effect from the said date."

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter and half year ended September 30, 2006 and found the same to be in order subject to certain observations. The auditor's observations are: No provision has been made in respect of doubtful / disputed debts, advances, claims etc aggregating to Rs. 858.38 lacs. Had the impact of Clause 3 above been considered, the loss for the quarter and half year ended September 30, 2006 would have been Rs. 1396.07 lacs and Rs. 3450.03 lacs(including Rs. 826.54

Hindustan Motors Ltd. has informed the Exchange that the Company has now received from the Government of West Bengal a formal Order dated September 13, 2006 releasing 314 acres of land as requested in Company's applications. With the release of this Order by the Government of West Bengal, HM will commence development of the entirety of 314 acres of land, over a 4-5 year period.

Hindustan Motors Ltd. has informed the Exchange regarding the press release dated September 6, 2006 titled "Hindustan Motors gets formal intimation from west Bengal Government to expand & diversify at it's Uttarpara plant". 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/Corporate Announcements).

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2006 and found the same to be in order subject to certain observations. The auditor's observations are: No provisions has been made in respect of doubtful / disputed debts, advances, claims etc aggregating to Rs. 826.54 lacs. Had the impact of Clause 3 above been considered, the loss for the quarter ended June 30, 2006 would have been Rs. 2880.50 lacs (including Rs. 826.54 lacs for earlier years / periods) as against the reported

Hindustan Motors Ltd. has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on July 28, 2006. 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).

Hindustan Motors Ltd. has informed the Exchange that the Company has come across a news flashed by PTI, Reuter suggesting that the West Bengal Cabinet has on August 24, 2006 approved the proposal of the Company to put to alternate use the surplus land (i.e. 314 acres of land from out of 709 acres of land) at its factory at Uttarpara, in District Hooghly, West Bengal. The Company in this connection has clarified that they have not yet been informed of such a decision either by the Government of West Bengal or for that matter by anybody. The Company will react to the said news item if and when t

Hindustan Motors Ltd. had informed the Exchange that the Company has come across a news flashed by PTI, Reuter suggesting that the West Bengal Cabinet has on August 24, 2006 approved the proposal of the Company to put to alternate use the surplus land (i.e. 314 acres of land from out of 709 acres of land) at its factory at Uttarpara, in District Hooghly, West Bengal. The Company in this connection had clarified that they have not yet been informed of such a decision either by the Government of West Bengal or for that matter by anybody. The Company will react to the said news item if and when t

News Verification : The media had reports that Hindustan Motors Ltd. has appointed HDFC Ltd as advisors for sale of about 300 acres of the 740 acres of its land at the Uttarpara plant in West Bengal for which State Government's permission has been sought.. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Hindustan Motors Ltd. has vide its letter inter-alia stated, " We state that clarification on issue related to th

Hindustan Motors Ltd. has informed the Exchange that the Register of Members and the Share Transfer Books of the Company in respect of the Ordinary Shares shall remain closed on and from July 18, 2006 to July 28, 2006 (both days inclusive) for the purpose of AGM of the Company to be held on July 28, 2006.

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter and half year ended December 31, 2005. The details of the Limited Review Report are 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 January 13, 2006 that Hindustan Motors Ltd. is likely to clinch a deal to sell its real estate in Kolkata. 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 Motors Ltd has vide its letter inter-alia stated, "The fact is that the Company has in the year 2003 made an application to the Government of West Bengal for putting its excess vacant land to alternate us

Clarification of News : The press had reports that Hindustan Motors Ltd. is likely to clinch a deal to sell its real estate in Kolkata. 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 Motors Ltd.

Hindustan Motors Ltd. has informed the Exchange that on January 12, 2006 Company shall be launching in the market its new product Lancer "Cedia". The same is also being manufactured in collaboration with Mitsubishi Motors Corporation, Japan at Company's Chennai Car Plant.

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter ended September 30, 2005. The details of the Limited Review Report are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Hindustan Motors Ltd. has submitted to the Exchange a copy of the proceedings of the AGM of the Company held on October 26, 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).

Hindustan Motors Ltd. has informed the Exchange that the Register of Members and the Share Transfer Books of the Company in respect of the Ordinary Share shall remain closed on and from October 18, 2005 to October 26, 2005 (both days inclusive) for the purpose of AGM of the Company to be held on October 26, 2005.

Hindustan Motors Ltd. has informed the Exchange that pursuant to the business transfer agreement signed between the Company and AVTEC Ltd ("AVTEC"), the Company has transferred the Power Unit Plant at Pithampur, Indore and the Power Product Division at Hosur, Tamil Nadu to AVTEC. In accordance with the Board Resolution dated February 19, 2005, the Company has on June 28, 2005 sold a part of its stake in AVTEC to Actis Powertrain Investments Limited ("Actis") and to the promoter group of Hindustan Motors Limited through a secondary purchase of shares of AVTEC from Hindustan Motors Limited. AVTE

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter ended March 31, 2005. The Company has further added that the Auditors in the enclosed Review Report have quantified the cumulative impact of deviations in respect of some of the accounting standards. The details of the Limited Review Report are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

The company has further informed that the combined effect of the above accounting policies would result into an increase in losses up to December 31,2004 by Rs.8782 lacs(Rs.8692 lacs up to March 31,2004) and for the quarter ended March 31,2005 by Rs.196 lacs. In addition to the above, the auditors have also referred to the following in their report for the year ended March 31,2004:1) No provision has been considered necessary in respect of certain doubtful debts, claims and advances, as the Company is hopeful of recovering these amounts.

Hindustan Motors Ltd. has informed the Exchange of the Auditors' qualification in respect of Audited Accounts for the year ended March 31, 2004. The company's explanations are as follows: The company has been complying with all applicable Accounting Standard's, except in respect of the following matters, which have been referred to by the auditors in their report. a) Accounting Standard 2 - Valuation of Inventory - Since the company adopts the Cenvat inclusive method of accounting as per the requirements of Income Tax Act, the same is not in line with the requirements of the Accounting Stand

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter 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).

Hindustan Motors Ltd. has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter and half year ended September 30, 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).

Hindustan Motors Ltd. has informed the Exchange that in terms of the resolution passed by the BOD's at its meeting held on February 19, 2005, the current financial year of the Company i.e. 2004-05 has been extended for a period of 3 months ending June 30, 2005. The said financial year will therefore be of 15 months ending on the said date.

Hindustan Motors Ltd. has informed the Exchange that the BOD's of the Company at its meeting held on February 19, 2005, have, subject to necessary approvals from shareholders under Section 293(1)(a) and such other approvals and consents as may be needed, approved the transfer of Company's Power Unit Plant at Pithampur, Indore and the Power Product Division at Hosur, Tamil Nadu to its own subsidiary company, AVTEC Limited at or for a total consideration of Rs.283.9 crores. The BOD's of the Company approved that Actis Powertrain Investments Limited acquire 30% of equity shares of AVTEC Limited,

Hindustan Motors Ltd. has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956, the Company is seeking the approval of its shareholders by way of Postal Ballot, for the transfer of two of its business units, (a) Power Unit Plant (PUP) at Pithampur, MP, which manufactures powertrains and their components for its own use and for the use of several Indian and international auto original equipment manufacturers (OEMs), and (b) Power Products Division (PPD), at Hosur, Tamil Nadu, which manufactures transmissions and their components for earth moving equipment, OEMs, as wel

Clarification of News : The media had reports on February 07, 2005 that Hindustan Motors Limited is spinning off its Indore and Chennai plants into a new company and selling it to private equity funds. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Hindustan Motors Limited has vide its letter inter alia stated, "The Company is exploring various possibilities to seize opportunities available to it for growth of its

Clarification of News : The media had reports that Hindustan Motors Limited is spinning off its Indore and Chennai plants into a new company and selling it to private equity funds. 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 Motors Limited.

Clarification of News : The press had reports on November 18, 2004 that Hindustan Motors Limited will hive off its profitable engine division into a separate unit and will rope in a foreign partner. Also the company's component division is getting good orders from General Motors. 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 Motors Limited has vide its letter interalia stated, "The Company is exploring

Clarification of News : The press had reports that Hindustan Motors Limited will hive off its profitable engine division into a separate unit and will rope in a foreign partner. Also the company's component division is getting good orders from General Motors. 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 Motors Limited.