INDIAFOILS

Members of the Exchange are hereby informed that the trading in equity shares of India Foils Limited shall be suspended w.e.f. September 22, 2008 (i.e. closing hours of trading on September 19, 2008) on account of Scheme of Rehabilitation.

News Verification : The media had reports on July 4, 2007 regarding India Foils Ltd stating "Vedanta puts India Foils on the block". 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. India Foils Ltd has vide its letter inter-alia stated,"We deny the press report. The Board of India Foils Limited considers no such proposal. India Foils Limited (IFL) continues to evaluate various alternatives from time to time and cr

Clarification of News : The press had reports on October 25, 2005 that Hindalco Industries Limited is set to acquire India Foils Limited. 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. India Foils Limited has vide its letter inter-alia stated, "India Foils Limited (IFL) continues to evaluate various alternatives from time to time and create value for all stakeholders and the company shall keep the stock exchanges

Clarification of News : The press had reports that Hindalco Industries Limited is set to acquire India Foils Limited. 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 India Foils Limited.

Clarification of News : The press had reports on August 22, 2005 that Pittsburg based Alcoa plans to buy 45% in India Foils Limited from Vedanta group. 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. India Foils Limited has vide its letter inter-alia stated, "We deny the press report appearing in a leading financial daily titled 'Alcoa plans to buy 45% in India Foils'. No such proposal is considered by the Board of

Clarification of News : The press had reports that Pittsburg based Alcoa plans to buy 45% in India Foils Limited from Vedanta group. 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 India Foils Limited.

Clarification of News : The press had reports on July 05, 2005 that Sterlite Industries (India) Limited has decided to hand over the management control of India Foils Limited to a strategic partner. 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. India Foils Limited has vide its letter inter-aia stated, "We deny the aforementioned press report. No such proposal is considered by the Board of the Company. However the

Clarification of News : The press had reports that Sterlite Industries (India) Limited has decided to hand over the management control of India Foils Limited to a strategic partner. 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 India Foils Limited.