JPASSOCIAT

News Verification : The media had reports that Jaiprakash Associates Limited has been awarded a contract for Delhi - Agra expressway by the UP Government. 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. Reply is awaited from the company.

Jaiprakash Associates Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on September 04, 2006 have recommended a final Dividend of Re.0.90 per share of Rs. 10/- each (9%) aggregating Rs. 27.34 Crores (including dividend distribution tax of Rs. 3.36 Crores) in addition to the interim Dividend of Rs. 1.80 per share (18%) aggregating Rs. 34.06 Crores (excluding dividend distribution tax) paid in March, 2006, in respect of the Financial Year ended March 31, 2006. Thus the total Dividend (excluding interim dividend already paid) for the year ended Ma

Jaiprakash Associates Limited has informed the Exchange that the Board of Directors has fixed October 18, 2006 to October 27, 2006 (both days inclusive) as the Book Closure dates for the purpose of payment of final dividend which shall be distributed after declaration thereof at the forthcoming Annual General Meeting to be held on October 27, 2006.

Jaiprakash Associates Limited had informed the Exchange that the Hon'ble High Court of Judicature at Allahabad has on August 08, 2006 sanctioned the Scheme of Amalgamation of Jaypee Greens Limited with the Company. The company has now informed the Exchange that the Scheme has become effective from August 21,2006, i.e. the date on which the certified copy of the order of the Hon'ble High Court of Judicature at Allahabad has been electronically filed with the Registrar of Companies, U. P. and Jaypee Greens Limited stands merged with the Company with effect from the Appointed Date specified in th

Jaiprakash Associates Limited has informed the Exchange that the Hon'ble High Court of Judicature at Allahabad has on August 08, 2006 sanctioned the Scheme of Amalgamation of Jaypee Greens Limited with the Company.

Jaiprakash Associates Limited has informed the Exchange that the Shareholders and Creditors of the Company in their respective meetings held on June 06,2006, have approved the proposed Scheme of Amalgamation of Jaypee Greens Limited with the company.

Jaiprakash Associates Limited has informed the Exchange that by an order made on April 19, 2006, the Court has directed that a meeting of the Equity Shareholders and creditors of the Company be held on June 06, 2006 for the purpose of considering, and if thought fit, approving, with or without modification, the proposed Scheme of Amalgamation of the Transferor Company (Jaypee Greens Ltd ) with the Transferee Company (Jaiprakash Associates Ltd).

Jaiprakash Associates Limited has informed the Exchange that the Board of Directors in its meeting held on March 03, 2006 have inter-alia, taken the following decisions :- a) An interim dividend of Rs. 1.80 per share (18%) absorbing a sum of Rs.34,06,49,995/- (excluding dividend distribution tax) for the financial year ending on March 31, 2006 shall be paid by the Company to all the eligible shareholders as on the record date. b) Scheme of Amalgamation of Jaypee Greens Limited with Jaiprakash Associates Limited was approved subject to the requisite approvals and sanction of the Hon'ble High Co

Jaiprakash Associates Limited has informed the Exchange that the Interim Dividend declared by the Board of Directors in their meeting held on March 3, 2006, will be paid from March 27, 2006 onwards.

Jaiprakash Associates Limited has informed the Exchange that the Record Date for the purpose of payment of interim dividend (i.e. 18%) shall be March 20, 2006.

Jaiprakash Associates Limited has informed the Exchange the result of the voting conducted through Postal Ballot pursuant to Section 192A of the Companies Act, 1956 vide notice dated January 16, 2006 on the Special / Ordinary Resolution Nos. (1) Raising of money from international market. (2) Making investment in Joint Venture Company for Coal Mining (3) Making investment in Joint Venture Company with SAIL for slag based Cement Plants. (4) Making investment for setting up of Thermal Power Project. (5) Shifting of Registered Office within the state of UP. (6) Creation of security and (7) Re-app

Jaiprakash Associates Limited had informed the Exchange of the broad terms of launch of the Company's FCCB Issue of Euro 125 million with an Option to increase the issue size by additional Euro 40 million, on February 01, 2006 by Barclays Capital, the sole Book Runner and Lead Manager for the Issue, subject to the approval of the shareholders to the said Issue, which has been sought through postal ballot. In this regard the Company has informed that the Issue including the Green Shoe Option aggregating Euro 165 million has been over subscribed on the following terms:- (1)Launching / Pricing :-

Jaiprakash Associates Limited has informed the Exchange that the Board of Directors of the Company had in their meeting held on January 16, 2006 decided to raise an amount of upto EURO 165 million through FCCB Issue on such terms as may be finalized by the Committee of Directors. In this connection the Company has further informed that the Company has sought the approval of the shareholders through Postal Ballot for the aforesaid proposal. In the meantime, subject to the requisite approvals including that of the shareholders, the FCCB Issue of Euro 125 million with an Option to increase the Is

Jaiprakash Associates Limited has informed the Exchange that the Company has on January 30, 2006 been declared as successful bidder by Hon'ble High Court of Judicature at Allahabad in respect of the sale of Cement Plants and other Assets of U.P. State Cement Corporation Limited (in liquidation) which include all its units at Chunar, Dalla and Churk situated in District Mirzapur and District Sonebhadra, Uttar Pradesh.

Jaiprakash Associates Limited has informed the Exchange that the BODs of the company in their meeting held on January 16, 2006 have inter alia decided to raise an amount of EURO 165 million through Foreign Currency Convertible Bonds on such terms, as may be finalised by the Committee of Directors.

Jaiprakash Associates Limited has informed the Exchange that the Board of Directors in their meeting held on December 27, 2005 have, inter-alia, taken the following decisions :- (1) Change in the constitution of Board : a) The resignations of S/Shri P V Vora, Rahul Kumar and Ranvijay Singh from the Directorship of the Company have been accepted. b) S/Shri B K Taparia and Shri S C Bhargava have been co-opted as Directors of the Company. (2) Code of Conduct for the Board members and Senior Management has been approved. (3) The Board has approved creation of new / enhancement of existing / alread

Jaiprakash Associates Limited has informed the Exchange that Shri S.D. Nailwal, Director of the Company has sold 1,000 shares of Jaiprakash Associates Limited on November 28, 2005. The shareholding of Shri S.D. Nailwal after the said sale is 2,242 shares aggregating to 0.001% of the share capital of Jaiprakash Associates Limited.

Jaiprakash Associates Limited has informed the Exchange that Shri S.D. Nailwal, Director of the Company has sold 2,000 shares of Jaiprakash Associates Limited on November 25, 2005. The shareholding of Shri S.D. Nailwal after the said sale is 3,242 shares aggregating to 0.002% of the share capital of the Jaiprakash Associates Limited.

Jaiprakash Associates Limited has informed the Exchange that Shri S.D. Nailwal, Director of the Company has sold 5,500 shares of Jaiprakash Associates Limited on November 17, 2005/November 18, 2005. The shareholding of Shri S.D. Nailwal after the said sale is 5,242 shares aggregating to 0.003% of the share capital of the Jaiprakash Associates Limited.

Jaiprakash Associates Limited has informed the Exchange that Shri Suren Jain, Director of the Company has sold 5,000 shares of Jaiprakash Associates Limited on September 29, 2005. The shareholding of Shri Suren Jain after the said sale is 3,10,062 shares aggregating to 0.17% of the share capital of the Jaiprakash Associates Limited.

Jaiprakash Associates Limited has informed the Exchange that the AGM of the company was held on September 27, 2005 and the Members of the Company approved the following business as mentioned in the Notice of the AGM :- 1) Declaration of final dividend @ 6% for the Financial Year 2004-2005. This was over and above the interim dividend @ 18% already paid by the Company. 2) Re-appointment of S/Shri Jaiprakash Gaur, Sunny Gaur and Probodh Varaglal Vora, as Directors retiring by rotation. 3) Appointment of M/s M. P. Singh & Associates, Chartered Accountants as Statutory Auditors of the Company to h

Jaiprakash Associates Limited has informed the Exchange that the Dividend, if declared at the AGM to be held on September 27, 2005, will be paid from October 14, 2005 onwards.

Clarification of News : The press had reports that Jaiprakash Associates Limited is selling its cement division. Further, the company may go in for a private placement of shares and that it may recieve a large construction order from AP. 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. Jaiprakash Associates Limited has vide its letter inter-alia stated, "We wish to confirm that the Company has on 26th August, 2005

Jaiprakash Associates Limited has informed the Exchange that the AGM of the Company will be held on September 27, 2005. The Company has further informed that the Register of Members and Share Transfer books of the Company shall remain closed from September 16, 2005 to September 27, 2005 (both days inclusive) for the ensuing AGM of the Company and payment of dividend, if approved at the AGM.

Jaiprakash Associates Limited has informed the Exchange that Industrial Development Bank of India Limited (IDBI) has appointed Dr. B. Samal as its nominee Director on the Board of the Company w.e.f. May 13, 2005. The BODs of the Company has taken note of the above appointment at its meeting held on June 30, 2005. Further, Shri S. Roy Chowdhury has been appointed as nominee Director of LIC on the Board of the Company w.e.f. June 30, 2005.

Jaiprakash Associates Limited has informed the Exchange that the Board of Directors have recommended final dividend of Re.0.60 per share [6%] amounting to Rs.10.58 crores in addition to the interim dividend of Rs.1.80 per share [18%] amounting to Rs.31.72 crores paid in May 2005 in respect of the financial year ended March 31, 2005. Thus the total dividend for the year ended March 31, 2005 would be 24% aggregating to Rs.42.30 crores, excluding dividend.

Jaiprakash Associates Limited has informed the Exchange that the Interim Dividend @ 18% as declared by the BOD's at their meeting held on April 30, 2005, shall be paid by the Company from May 27, 2005 onwards to the eligible shareholders.

Jaiprakash Associates Limited has informed the Exchange that the BODs in their meeting held on April 30,2005 have declared an interim dividend of Rs.1.80 per share(18%),absorbing a sum of Rs.31,71,90,566 for the F.Y. ended March 31,2005 payable to the members as on the record date of May 16,2005.

Jaiprakash Associates Limited has informed the Exchange that with regards to the Proposed Public Offer of 18 crore Equity Shares of Rs.10/- each of Jaiprakash Hydro-Power Limited through Offer for Sale by Jaiprakash Associates Limited through Book Building process, the price band of the proposed public offer has been fixed between Rs.27 to Rs.32 with floor price at Rs.27 and cap price at Rs.32. The issue shall open on March 22, 2005 and close on March 29, 2005. The Company has further informed that the Red Herring Prospectus has been filed with the Registrar of Companies, Punjab, Himachal Prad

Jaiprakash Associates Limited had informed the Exchange regarding their offer for sale of upto 19.60 Crore shares held by Jaiprakash Associates Limited in Jaiprakash Hydro-Power Limited, a wholly owned subsidiary of the Company through the process of Book Building. The company has now informed that out of the aforesaid, 1,80,00,000 equity shares have been reserved for allotment to the shareholders of Jaiprakash Associates Ltd.(JAL) and Jaypee Hotels Ltd.(JHL) on competitive basis. For the purpose of determining the shareholders of JAL who are eligible to participate in the reservation portion

Members are requested to ignore the message broadcasted on 04-MAR-2005 regarding offer for sale of Jaiprakash Associates Ltd. The revised announcement is as follows: "Jaiprakash Associates Limited(JAL) has informed the Exchange that the company has decided to offer for sale 18,00,00,000 equity shares constituting 36.66% of the total equity capital held by it in Jaiprakash Hydro-Power Limited, a wholly owned subsidiary of JAL through the process of Book Building. Out of the aforesaid 18 crore equity shares,10% i.e. 1,80,00,000 equity shares have been reserved for allotment to the shareholders

Jaiprakash Associates Limited has informed the Exchange that the book in respect of Company's issue of Foreign Currency Convertible Bonds which was launched on January 27,2005, has been oversubscribed on the following terms: 1) Initial conversion price has been set to Rs.236.31 per share, which represents a 33% premium over the Volume Weighted Average Price from launch to pricing of Rs.177.6778 on the National Stock Exchange. 2) Cash coupon has been set to 0.50%. 3) Yield to maturity has been set at 6.15%. 4) The Bond will be redeemed at 131.95% at par on February 16, 2010. 5) Issue size was i

Jaiprakash Associates Limited has informed the Exchange that the BOD�s of the Company in their meeting held on January 22, 2005 have, inter alia, approved the following: 1) Raising of an amount upto US$ 100 Million (including the option to retain oversubscription upto additional amount of US$25 million) through Foreign Currency Convertible Bonds; and 2) Disinvestment / offer for sale of upto 19.60 Crore equity shares (constituting 40% of the total equity) of Jaiprakash Hydro-Power Limited, a wholly owned subsidiary of the Company through the process of Book Building.

Jaiprakash Associates Limited has informed the Exchange that Shri Raj Narain Bhardwaj, a nominee of Life Insurance Corporation of India has ceased to be a Director of the company, upon resignation w.e.f. December 13,2004.

Jaiprakash Associates Limited has informed the Exchange that GMO Emerging Markets Fund have sold 40,29,623 shares constituting 2.29% of the total share capital of Jaiprakash Associates Limited on December 02,2004.The mode of sale is through secondary market and the shareholding of GMO Emerging Markets Fund, after the said sale is 89,43,543 shares constituting 5.08% of the total share capital of the company.

Grantham Mayo Van Otterloo & Co.LLC, has informed the Exchange that Grantham A/c GMO Emerging Markets Fund have sold 4,458,584 shares constituting 2.53% of the total paid up capital of Jaiprakash Associates Limited on December 03,2004.The shareholding of Grantham A/c GMO Emerging Markets Fund, after the said sale is 8,514,582 shares constituting 4.83% of the total paid up capital of the company.

Jaiprakash Associates Limited has informed the Exchange that Grantham A/c GMO Emerging Markets Fund have sold 4,458,584 shares constituting 2.53% of the total paid up capital of Jaiprakash Associates Limited on December 03,2004.The shareholding of Grantham A/c GMO Emerging Markets Fund, after the said sale is 8,514,582 shares constituting 4.83% of the total paid up capital of the company.

Jaiprakash Associates Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on December 11, 2004 have, inter-alia, decided to raise an amount of USD 75 million with an option to retain oversubscription upto an additional amount of USD 25 million through such instrument including Foreign Currency Convertible Bonds and on such terms, as may be finalised by the Committe of Directors.

Jaiprakash Associates Limited has informed the Exchange that they have received intimation that Shri Rakesh Sharma, Director, has gifted 132,000 equity shares of the Company to his Investment Company. The date of the transfer by way of gift, is November 11, 2004 and the shareholding of Shri Rakesh Sharma after the said transfer is 2475 shares representing 0.0014% of Jaiprakash Associates Ltd.

Jaiprakash Associates Limited has informed the Exchange that at its meeting held on October 30, 2004 the BOD have inter-alia 1) appointed Shri Suresh Kumar as Additional Director of the company w.e.f. October 30, 2004. 2) constituted a committee of directors to look into and suggest various options of restructuring including amalgamation of companies having synergy with the business of the company.

Jaiprakash Associates Limited has informed the Exchange that the company has raised Rs. 400 crores by issue of Non Convertible Debenture (NCDs) through private placement. The NCDs carry a coupon of 7.5% p.a., payable quarterly, for 7 years tenor and have been rated AA (SO) by CARE based on the partial guarantee of ICICI Bank Ltd. The issue was arranged by UTI Bank Ltd, Barclay Bank Plc and ICICI Bank Ltd and closed on October 14, 2004 after receiving full subscription.

Jaiprakash Associates Limited has informed the Exchange that the shareholders of the Company in their AGM held on September 29, 2004 have declared dividend @ 15% and the same will be paid from October 05, 2004 onwards to the eligible shareholders.