JINDALDRIL

Jindal Drilling And Industries Limited has informed the Exchange that "the members of the Company at the 22nd Annual General Meeting of the Company held on today i.e. 15th December, 2006 have approved the following:- (a) Adoption of the Annual Accounts for the year ended 31st March 2006 (b) Declaration of Dividend at the rate of @ 25% i.e. Rs. 2.50 per Equity Share of Rs. 10/- each. (c) Re-appointment of Mr. Raghav Jindal and Mr. K. K. Khandelwal as Directors of the Company. (d) Appointment of M/s. S. S. Kothari Mehta & Co., Chartered Accountants, as Auditors of the Company. (e) Re-appointment

Jindal Drilling And Industries Limited has informed the Exchange that the Register of Members and Share Transfer books of the Company will remain closed from December 12, 2006 to December 15, 2006 (both days inclusive) for the purpose of forthcoming Annual General Meeting and dividend @ 25% on Equity Shares of the Company for the accounting year ended March 31, 2006.

Members of the Exchange are hereby informed that the trading in equity shares of Jindal Drilling And Industries Limited shall be suspended w.e.f. September 12, 2006 (i.e. closing hours of trading on September 11, 2006) on account of Scheme of Amalgamation and Arrangement.

Jindal Drilling And Industries Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on August 25, 2006 has taken the following decisions :- 1) Took on record the orders dated July 27, 2006 of the Hon'ble High Courts for the States of Punjab & Haryana at Chandigarh sanctioning : i) Scheme of amalgamation of Discovery Hydrocarbons Pvt. Ltd. and Newsco Newtech Pvt. Ltd. with Jindal Drilling & Industries Limited. ii) Scheme of arrangement (demerger) between Jindal Drilling & Industries Limited and Haryana Engineering Limited (name changed to Haryana Capf

Jindal Drilling And Industries Limited has informed the Exchange that the Hon'ble High Court for the States of Punjab & Haryana at Chandigarh in the hearing held on July 27, 2006 has approved the Merger of Newsco Newtech Pvt Ltd and Discovery Hydrocarbons Pvt. Ltd with Jindal Drilling & Industries Ltd and Demerger of Casinvest Division of the Company into Haryana Engineering Ltd.

Jindal Drilling And Industries Limited has informed the Exchange that Portfolio Management Schemes of Kotak Securities Limited has acquired 27,878 shares aggregating to 0.31% of the total paid up capital of Jindal Drilling & Industries Limited on May 12, 2006.The mode of acquisition is open market and the shareholding of Portfolio Management Schemes of Kotak Securities Limited after the said acquisition is 452,065 shares aggregating to 5.02% of the total paid up capital of Jindal Drilling & Industries Limited.

Kotak Securities Limited has informed the Exchange that Portfolio Management Schemes of Kotak Securities Limited has acquired 27,878 shares aggregating to 0.31% of the total paid up capital of Jindal Drilling & Industries Limited on May 12, 2006.The mode of acquisition is open market and the shareholding of Portfolio Management Schemes of Kotak Securities Limited after the said acquisition is 452,065 shares aggregating to 5.02% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Drilling And Industries Limited has informed the Exchange that Jindal Global Finance & Investment Limited has acquired 3,59,000 shares aggregating to 3.985% of the total paid up capital of Jindal Drilling & Industries Limited during the period March 28,2006 to March 29,2006.The mode of acquisition is open market inter-se transfer and the shareholding of Jindal Global Finance & Investment Limited after the said acquisition is 19,68,800 shares aggregating to 21.857% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Global Finance & Investment Limited has informed the Exchange that they have acquired 3,59,000 shares aggregating to 3.985% of the total paid up capital of Jindal Drilling & Industries Limited during the period March 28,2006 to March 29,2006.The mode of acquisition is open market - inter se transfer and the shareholding of Jindal Global Finance & Investment Limited after the said acquisition is 19,68,800 shares aggregating to 21.857% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Drilling And Industries Limited has informed the Exchange that Stable Trading Company Limited have sold 7,07,554 shares aggregating to 7.855% of the total paid up capital of Jindal Drilling & Industries Limited during the period March 28,2006 to March 29,2006. The mode of sale is inter se transfer and the shareholding of Stable Trading Company Limited after the said sale is 3,29,767 shares aggregating to 3.661% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Drilling And Industries Limited has informed the Exchange that Jindal Pipes Limited has acquired 439254 shares aggregating to 4.876% of the total paid up capital of Jindal Drilling & Industries Limited during the period March 29,2006 to March 30,2006.The mode of acquisition is open market inter-se transfer and the shareholding of Jindal Pipes Limited after the said acquisition is 10,00,000 shares aggregating to 11.102% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Pipes Limited has informed the Exchange that they have acquired 439254 shares aggregating to 4.876% of the total paid up capital of Jindal Drilling & Industries Limited during the period March 29,2006 to March 30,2006.The mode of acquisition is open market - interse transfer and the shareholding of Jindal Pipes Limited after the said acquisition is 10,00,000 shares aggregating to 11.102% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Drilling And Industries Limited has informed the Exchange that Sudha Apparels Limited have acquired 405,000 shares aggregating to 4.50% of the total paid up capital of Jindal Drilling & Industries Limited during the period from February 28, 2006 to March 06, 2006. The mode of acquisition is through Open Market - Inter Se Transfer and the shareholding of Sudha Apparels Limited after the said acquisition is 24,22,354 shares aggregating to 26.90% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Drilling And Industries Limited has informed the Exchange that Brahma Dev Holding & Trading Ltd. have sold 500,000 shares aggregating to 5.55% of the total paid up capital of Jindal Drilling & Industries Limited during the period from February 28, 2006 to March 07, 2006. The shareholding of Brahma Dev Holding & Trading Ltd. after the said sale is 100 shares of Jindal Drilling & Industries Limited.

Sudha Apparels Limited has informed the Exchange that they have acquired 4,05,000 shares aggregating to 4.50% of the total paid up capital of Jindal Drilling & Industries Limited as follows :- (1) 90000 shares on February 28, 2006; (2) 90000 shares on March 01, 2006; (3) 90000 shares on March 02, 2006; (4) 45000 shares on March 03, 2006 and (5) 90000 shares on March 06, 2006. The mode of acquisition is through Open Market - Inter Se Transfer and the shareholding of Sudha Apparels Limited after the said acquisition is 24,22,354 shares aggregating to 26.90% of the total paid up capital of Jindal

Jindal Drilling And Industries Limited has informed the Exchange that M/s. Discovery Hydrocarbons Pvt. Ltd., a Company which is being merged under the Scheme of Arrangement with the Company, has informed that they have signed a Vessel Construction agreement for a Newly built Cantilever Jackup Offshore Drilling Rig. The Rig would be constructed and delivered over a period of 30 months and the total project cost would be around USD 171 million.

News Verification : The media had reports that Jindal Drilling And Industries Limited has acquired a rig from a Singapore shipyard at a cost of $153 million. 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. Jindal Drilling And Industries Limited has vide its letter inter-alia stated, "We would like to clarify that the Company, Jindal Drilling & Industries Limited has not acquired any aforesaid rig, rather another co

Jindal Drilling And Industries Limited has informed the Exchange that Laadki Trading and Investments Limited alongwith the PACs Ravi Kanaiyalal Sheth; Anita Sheth and Jyoti Sheth has acquired 10,000 shares aggregating to 0.11% of the total paid up capital on February 21, 2006. The mode of acquisition is through Open Market and the shareholding of Laadki Trading and Investments Limited alongwith the PACs Ravi Kanaiyalal Sheth; Amita Sheth and Jyoti Sheth after the said acquisition is 4,54,000 shares aggregating to 5.04% of the total paid up capital of Jindal Drilling & Industries Limited.

Jindal Drilling And Industries Limited has informed the Exchange that Laadki Trading and Investments Limited alongwith the PACs Ravi Kanaiyalal Sheth; Amita Sheth and Jyoti Sheth has acquired 10,000 shares aggregating to 0.11% of the total paid up capital on February 21, 2006. The mode of acquisition is through Open Market and the shareholding of Laadki Trading and Investments Limited alongwith the PACs Ravi Kanaiyalal Sheth; Amita Sheth and Jyoti Sheth after the said acquisition is 4,54,000 shares aggregating to 5.04% of the total paid up capital of Jindal Drilling & Industries Limited.

Laadki Trading and Investments Limited has informed the Exchange that they along with (Person acting in concert) 1) Ravi Kanaiyalal Sheth, 2) Amita Sheth and 3) Jyoti Sheth has acquired 10,000 shares aggregating to 0.11% of the total paid up capital of Jindal Drilling & Industries Ltd. on February 21, 2006. The mode of acquisition is through Open Market and the shareholding of Laadki Trading and Investment Limited along with (Person acting in concert) 1) Ravi Kanaiyalal Sheth, 2) Amita Sheth and 3) Jyoti Sheth after the said acquisition is 454,000 shares aggregating to 5.04% of the total paid

Laadki Trading and Investments Limited has informed the Exchange that they have acquired 10,000 shares of Jindal Drilling & Industries Ltd. during the period February 13, 2006 to February 21, 2006. The mode of acquisition is through Market Purchase and the shareholding of Laadki Trading and Investments Limited after the said acquisition is 129,117 shares aggregating to 1.43% of the share capital of Jindal Drilling & Industries Limited. The shareholding of following persons as on the date of intimation on February 21, 2006 is as follows: (1) Ravi Kanaiyalal Sheth holds 140,756 shares (1.56%); (

Jindal Drilling And Industries Limited has informed the Exchange that the BODs at their meeting held on December 02, 2005, took the following decisions: (1) To amalgamate/merge two companies i.e. Discovery Hydrocarbons (P) Limited and Newsco Newtech Private Limited which are also engaged in the business of drilling for Oil and Gas into Jindal Drilling & Industries Limited. (2) To demerge the Casinvest Division (non oil drilling business) into a separate Company Haryana Engineering Limited and apply for listing of Haryana Engineering Limited on the stock Exchange. For the above purpose the Boar

Jindal Drilling And Industries Limited has informed the Exchange that the BODs at their meeting held on October 28, 2005 has taken the following decisions: (1)To shift the Registered office of the Company from the state of Maharashtra to the state of Haryana. (2) To sell the casing pipe Division of the Company as a going concern.

Jindal Drilling And Industries Limited has informed the Exchange regarding a Press Release titled "Jindal Drilling & Industries Plans to Consolidate". 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/CorporateAnnouncements).

Jindal Drilling And Industries Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company will remain closed from September 01, 2005 to September 09, 2005 (both days inclusive) for the purpose of forthcoming AGM and dividend on Equity Shares of the Company.

Jindal Drilling And Industries Limited has informed the Exchange that Stable Trading Company Limited have sold (i) 200,000 shares on February 24, 2005; and (ii) 15,000 shares on February 25, 2005, aggregating 2.39% of the total paid up capital of Jindal Drilling And Industries Limited. The mode of sale is through the Open Market and the shareholding of Stable Trading Company Limited after the said sale is 12,47,000 shares aggregating 13.84% of the total paid up capital of Jindal Drilling And Industries Limited.

Stable Trading Company Limited have informed the Exchange that they have sold (i) 200,000 shares on February 24, 2005; and (ii) 15000 shares on February 25, 2005, aggregating 2.39% of the total paid up capital of Jindal Drilling And Industries Limited. The mode of sale is through the Open Market and the shareholding of Stable Trading Company Limited after the said sale is 1247000 shares aggregating 13.84% of the total paid up capital of Jindal Drilling And Industries Limited.