ISMTLTD

Ismt Limited has informed the Exchange that the following are the outcome of the Board Meeting held today (August 25, 2008) 1. Mr S C Gupta, Independent, Non Executive Director, has been appointed as the Chairman of the Board with immediate effect. 2. The Board has approved the Audited Accounts for the year ended March 31, 2008 subject to the approval of Members at the ensuing Annual General Meeting. 3. The Board has recommended final dividend @ 10 % (excluding 10% interim dividend already paid as declared by the Board on October 29, 2007) subject to the approval of the Members at the ensuing

Ismt Limited has informed the Exchange vide its letter dated July 31, 2008 that "The Board of Directors of the Company at its meeting held today have appointed Mr. S C Gupta as an additional Director on the Board. Mr. Gupta is the Former Chairman & Managing Director of Punjab National Bank and Indian Oversea Bank".

Ismt Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on April 30, 2008) that: "The Company has during the current Quarter utilised Rs Nil and during the current year has utilised Rs.27.83 Crore out of the proceeds from Foreign Currency Convertible Bonds (FCCB) towards objects of the FCCB issue".

Ismt Limited has informed the Exchange that: 1) Mr. V Balasubramanian, Joint Managing Director of the Company has resigned from the Board with effect from the closing hours of business on April 30, 2008. 2) Mr. Salil Taneja, President (Corporate Strategy & Development) has been redesignated as Joint Managing Director of the Company with effect from April 30, 2008.

Ismt Limited has informed the Exchange regarding cancellation of 27,02,222 Warrants issued on January 21, 2006. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ISMT_up_19032008.zip target=NEW> For more details click here.</a>

Ismt Limited has informed the Exchange vide its letter dated March 19, 2008 that: "The Committee of the Board of Directors of the Company at its meeting held today have allotted 21,08,627 equity shares of Rs. 5/- each fully paid at a premium of Rs. 42.50 per share to the warrantholders who had opted and applied for the equity shares and whose applications were found valid".

Ismt Limited has informed the Exchange that: "The Company has given option to the Warrant holders who are holding 27,02,222 Warrants issued on January 21, 2006 to apply for and get allotted one Equity Share of Rs. 5/- each at a premium of Rs. 42.50 per share for every warrant held by them. Accordingly the said issue was kept open for subscription from January 25, 2008 and close today i.e. February 25, 2008."

Ismt Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2007 and found the same to be in order subject to certain observations. The auditor's observations are : "Exchange difference gain in respect of outstanding foreign currency loans, arising at the end of the quarter, amounting to Rs.24.41 Crore, is proportionately recognised and remaining gain of Rs.6.10 Crore is carried over to the remaining quarter of the financial year, which is required to be recognised as per the Accounting Standa

Ismt Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31,2007 (taken on record by the Board of Directors of the Company at its meeting held on January 31, 2008) that: "The Company has during the Quarter utilised Rs Nil and for the nine months ended on 31st December, 2007 has utilised Rs.27.83 Crore out of the proceeds from Foreign Currency Convertible Bonds (FCCB) towards objects of the FCCB issue".

Ismt Limited has informed the Exchange that: "Pursuant to the Special Resolution passed at the Annual General Meeting of the Company held on November 27, 2007 and in-principle approval received from the Bombay Stock Exchange Limited, National Stock Exchange of India Limited and Pune Stock Exchange Limited,the Committee of Directors of the Company at their meeting held on December 18, 2007 has issued and allotted 57,50,000 Warrants to the Promoters on preferential basis. The said warrantholders have the right to apply for and get allotted one Equity Share of Rs. 5/- each at a price of Rs 91.80

Ismt Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are : "Exchange difference gain in respect of outstanding foreign currency loans, arising at the end of the quarter, amounting to Rs. 24.69 Crore, is proportionately recognised and remaining gain of Rs. 12.35 Crore is carried over to the remaining quarters of the financial year, which is required to be recognised as per the Accounting

Ismt Limited has informed the Exchange that "Dividend Warrants for payment of 10% Final Dividend for the financial year 2006-07 and 10% Interim Dividend for the financial year 2007-08 will be posted to the Members on November 28, 2007".

Ismt Limited has informed the Exchange that the Company has announce the Book closure from November 19, 2007 to November 27, 2007 for the purpose of Annual General Meeting and dividend. The dividend will be payable within 30 days of declaration by the Members at the AGM.

Ismt Limited has informed the Exchange regarding the Audited Financial Accounts for the year ended March 31, 2007. 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/Corporate Announcements).<a href=/content/corporate/ISMT_Clause2029102007.zip target=NEW> For more details click here.</a>

Ismt Limited has informed the Exchange that the following decision were taken by the Board of Directors of the Company at its meeting held on October 29, 2007. 1) Mr. B R Taneja, Chief Executive Officer of the Company has been re-appointed for the further period from December 1, 2007 to March 31, 2009. 2) The Board has approved issue of 57,50,000 Warrants to the Promoters/ Promoter Group on preferential basis. The said Warrants are convertible or exchanged with Equity Shares of Rs. 5/- each at a price of Rs 91.75/- per share (including a premium of Rs 86.75/- per share). 3) The Board has also

Ismt Limited has informed the Exchange that the following decisions were taken by the Board of Directors of the Company at its meeting held on October 29, 2007. (1) The Board has recommended dividend @ 10% (ten percent) on the Paid-up Capital of the Company for the Financial Year 2006-07 subject to approval of the Members at the Annual General Meeting. (2) The Board has declared an interim dividend @ 10% (ten percent) on the Paid-up Capital of the Company for the Financial year 2007-08.

Ismt Limited has informed the Exchange that the Company has received letter dated September 07, 2007 from the Registrar of Companies, Pune granting extension of time to hold the Annual General Meeting up to November 30, 2007.