JINDVIJSTL

Jindal Vijayanagar Steel Ltd has informed the Exchange about the following changes in the company's Directorate : 1. Mr. Raman Madhok has been appointed as Additional Director & Jt. Managing Director & CEO w.e.f. February 04, 2005. 2. Mr. Sajjan Jindal, Managing Director has been re-designated as Vice Chairman and Managing Director w.e.f. February 04, 2005. These changes have been approved by the Board of Directors in their meeting held on February 10, 2005.

Members of the Exchange are hereby informed that the trading in equity shares of Jindal Vijayanagar Steel Ltd. shall be suspended w.e.f February 21, 2005 (i.e. closing hours of trading on February 18, 2005) on account of Scheme of Arrangement and Amalgamation between Jindal Vijayanagar Steel Ltd. and Jindal Iron & Steel Company Ltd.

Jindal Vijayanagar Steel Ltd has informed the Exchange that February 28, 2005 has been fixed as the Record date for: (a) the purpose of reorganization of equity share capital of the Company as provided in the Scheme of Arrangement & Amalgamation between the Company, Jindal Iron & Steel Co. Ltd., (JISCO) & Jindal South West Holdings Ltd. ((JSWHL) and their respective members and creditors, sanctioned by the High Court of Judicature at Bombay and Karnataka High Court (the Scheme). (b) Payment of arrears of Preference dividend on 10% Cumulative Redeemable Preference shares (CRPS) and, (c) Payment

Jindal Vijayanagar Steel Ltd has informed the Exchange that February 28, 2005 has been fixed as the Record date for: (a) the purpose of reorganization of equity share capital of the Company as provided in the Scheme of Arrangement & Amalgamation between the Company, Jindal Iron & Steel Co. Ltd., (JISCO) & Jindal South West Holdings Ltd. ((JSWHL) and their respective members and creditors, sanctioned by the High Court of Judicature at Bombay and Karnataka High Court (the Scheme). (b) Payment of arrears of Preference dividend on 10% Cumulative Redeemable Preference shares (CRPS) and, (c) Payment

Jindal Vijayanagar Steel Ltd has informed the Exchange that the BOD's at their meeting held on February 10, 2005, have : a) Approved payment of arrears of Preference dividend on 10% Cumulative Redeemable Preference Shares of the Company, payable from the date of allotment i.e. July 19, 2003 to March 31, 2004. b) Declared an Interim Dividend of 30% on the paid up equity capital of the Company to be arrived at after giving effect to the Scheme of Arrangement and Amalgamation between the Company, Jindal Iron & Steel Co. Ltd. (JISCO) and Jindal South West Holdings Ltd. (JSWHL) and their respective

Jindal Vijayanagar Steel 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 Iron & Steel Co Ltd and Jindal South West Holdings Ltd.. The Order sanctioning the Scheme was pronounced in the Court on January 20,2005. Once the order of Karnataka High Court is filed with Registrar of Companies, Karnataka, the scheme will become effective.

Jindal Vijayanagar Steel Ltd has informed the Exchange of the completion of dispatch of postal forms and prepaid envelopes in relation to passing of resolution by postal ballot for the purpose of shifting of the Company's Registered Office from the State of Karnataka to the State of Maharashtra and consequent alternation of the Memorandum of Association of the company.

Jindal Vijayanagar Steel Ltd has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the half year ended 30th September 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).

Jindal Vijayanagar Steel Ltd has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956, read with the Companies (passing of the resolution by postal ballot) Rules, 2001, the Company is seeking approval of the Members of the Company through a special resolution proposed to be passed by Postal Ballot for the purpose of shifting its Registered Office from the State of Karnataka to the State of Maharashtra. The company has appointed Mr. Prem Rajani,Advocate and Solicitor of Rajani Associates,Mumbai,as Scrutinizer for conducting the Postal Ballot process. The duly filled

Jindal Vijayanagar Steel Ltd has informed the Exchange that Mr.I.M.Vittalamurthy, IAS has been nominated by Karnataka State Industrial Investment & Development Corporation Ltd.(KSIIDC) on the Board of the Company in place of Mr.K.Jairaj, IAS whose nomination was withdrawn on November 11,2004.

Jindal Vijayanagar Steel Ltd has informed the Exchange that the book closure dates earlier fixed from December 29, 2004 to December 30, 2004 (both days inclusive) for the purpose of the AGM of the Company scheduled on December 30, 2004, stands cancelled. The revised dates of book closure for the purpose of the said AGM shall be for the period commencing from November 25, 2004 to November 26, 2004 (both days inclusive).

Jindal Vijayanagar Steel Ltd has informed the Exchange that the BoD have at their meeting held on October 26, 2004, fixed : a) the date of the AGM of the Company on December 30, 2004 and : b) the dates of Book Closure for the purpose of the said AGM on December 29, 2004 to December 30, 2004 (both days inclusive).

Clarification of News : The press had reports on April 15, 2004 that the promoters of Jindal Vijayanagar Steel Ltd. 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 Vijayanagar Steel 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 of the financial restructuri