JINDALIRON

Jindal Iron & Steel Co. 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, 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).

: Members of the Exchange are hereby informed that the trading in equity shares of Jindal Iron & Steel Co. Ltd. shall be suspended w.e.f February 18, 2005 (i.e. closing hours of February 17, 2005) on account of Scheme of Arrangement and Amalgamation between Jindal Iron & Steel Company Ltd., Jindal South West Holdings Ltd., and Jindal Vijayanagar Steel Ltd.

Jindal Iron & Steel Co. Ltd. has informed the Exchange that February 25, 2005, has been fixed as the Record Date for the purpose of drawing up the list of shareholders of the Company (JISCO) to whom shares in Jindal South West Holdings Limited (JSWHL) and Jindal Vijayanagar Steel Limited (JVSL) are to be issued and allotted pursuant to the Scheme of Arrangement and Amalgamation between the Company, Jindal Vijayanagar Steel Limited & JIndal South West Holdings Limited ("the Scheme"). The details of the Scheme shall be available on the NSE website (http://www.nseindia.com) under: Corporates > La

Jindal Iron & Steel Co. Ltd. has informed the Exchange that the Hon'ble High Court of Karnataka has sanctioned the Scheme of Arrangement and Amalgamation between the Company, Jindal Vijaynagar Steel Ltd and Jindal South West Holdings Ltd.. The Order sanctioning the Scheme was pronounced in the Court on January 20,2005. The written order sanctioning the Scheme is expected to be received shortly. Once the order of Karnataka High Court is filed with Registrar of Companies, Karnataka, the scheme will become effective.

Jindal Iron & Steel Co. Ltd. has informed the Exchange that HSBC Global Investments Funds - A/C HSBC Global Investments Funds (Mauritius) Limited [the "Fund"] alongwith HSBC Asset Management (Hong Kong) Limited [PAC] have acquired 23415 shares aggregating to 0.05% of the share capital of Jindal Iron and Steel Co. Ltd.. The date of acquisition is January 12, 2005 and the mode of acquisition is through market purchase. The shareholding of the acquirer alongwith the PAC after the said acquisition is 31,54,585 shares aggregating 7.17% of the total share capital of Jindal Iron and Steel Co. Ltd..

HSBC Asset Management (Hong Kong) Limited has informed the Exchange that HSBC Global Investment Funds - A/C HSBC Global Investment Funds (Mauritius) Limited [Acquirer] alongwith HSBC Asset Management (Hong Kong) Limited [PAC] have acquired 23,415 shares of Jindal Iron and Steel Co. Ltd. The date of acquisition is January 12, 2005 and the mode of acquisition is through market purchase. The shareholding of the acquirer alongwith the PAC after the said acquisition is 3,154,585 shares aggregating 7.17% of the total paid up capital of Jindal Iron and Steel Co. Ltd.

Jindal Iron & Steel Co. Ltd. has informed the Exchange that HSBC Global Investment Funds - A/C HSBC Global Investment Funds (Mauritius) Limited [the "Fund"] alongwith HSBC Asset Management (Hong Kong) Limited [PAC] have acquired 118,377 shares aggregating to 0.27% of the total share capital of Jindal Iron and Steel Co. Ltd. The date of acquisition is December 22, 2004 and the mode of acquisition is through market purchase. The shareholding of the acquirer alongwith the PAC after the said acquisition is 2,258,418 shares aggregating 5.13% of the total share capital of Jindal Iron and Steel Co. L

HSBC Asset Management (Hong Kong) Limited has informed the Exchange that HSBC Global Investment Funds - A/C HSBC Global Investment Funds (Mauritius) Limited [Acquirer] alongwith HSBC Asset Management (Hong Kong) Limited [PAC] have acquired 118,377 shares of Jindal Iron and Steel Co. Ltd. The date of acquisition is December 22, 2004 and the mode of acquisition is through market purchase. The shareholding of the acquirer alongwith the PAC after the said acquisition is 2,258,418 shares aggregating 5.13% of the total paid up capital of Jindal Iron and Steel Co. Ltd.

Jindal Iron & Steel Co. Ltd. has informed the Exchange that the BOD's have at their meeting held on October 26, 2004 fixed the date of the AGM of the Company as December 23, 2004 and the dates of Book Closure for the purpose of the said AGM as November 11, 2004 to November 12, 2004 (both days inclusive).

Clarification of News : The press had reports on April 15, 2004 that the promoters of Jindal Iron & Steel Co. Limited have pledged shares to seek CDR nod. 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. Jindal Iron & Steel Co. Limited has vide its letter inter-alia stated, "Corporate Debt Restructuring Cell (CDR) vide their letter Ref.No.CDR/591, dated 24.2.2003, accorded their approval to the financial restructuri