JSWISPAT

Jsw Ispat Steel Limited has informed the Exchange that pursuant to the approval sanctioned by Corporate Debt Restructuring - Empowered Group and requisite consent of the shareholders of 12% Cumulative Redeemable Preference Shares (CRPS) of Rs. 100/- each ( adjusted face value Rs.76/- per share) obtained in terms of Section 106 of the Companies Act, 1956, the outstanding 43199500 - 12% Cumulative Redeemable Preference Shares of Rs. 100/- each ( adjusted face value Rs.76/- per share) in the Company have been fully redeemed on September 24, 2011. Consequently, the said 12% CRPS stands fully ext

Jsw Ispat Steel Limited has informed the Exchange that pursuant to the approval sanctioned by Corporate Debt Restructuring - Empowered Group and requisite consent of the shareholders of 10% Cumulative Redeemable Preference Shares (CRPS) of Rs. 10/- each obtained in terms of Section 106 of the Companies Act, 1956, the outstanding 155112156 - 10% Cumulative Redeemable Preference Shares of Rs. 10/- each in the Company have been fully redeemed on September 20, 2011. Consequently, the said 10% CRPS stands fully extinguished. The redemption proceeds have been paid to the respective shareholders.

JSW ISPAT Steel Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended June 30,2011.

Members of the Exchange are hereby informed that the name of Ispat Industries Limited shall be changed to JSW ISPAT Steel Limited and the trading symbol of the Company be changed from ISPATIND to JSWISPAT w.e.f. August 16, 2011.

Ispat Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 22, 2011, approved change in the Registered Office of the Company from "Park Plaza", 71, Park Street, Kolkata - 700 016 to Tower A, 3rd Floor, DLF IT Park, 08 Major Arterial Road, Block AF, New Town, Kolkata 700156 with immediate effect.

Ispat Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 22, 2011, considered the following : (1) Resignation of Mr. Anil Sureka as Executive Director (Finance) as well as Director of the Company effective July 01, 2011; (2) Relinquishment by Mr. Vinod Mittal as Managing Director of the Company effective July 01, 2011. Mr. Vinod Mittal shall continue as Vice-Chairman of the Company; (3) Re-designation of Mr. B K Singh a Chief Executive Officer with immediate effect. Mr. B K Singh was Executive Director (Steel Plant) of the Compan

Ispat Industries Limited has informed the Exchange vide its letter dated July 20, 2011 that "Due to delay in finalization of audited annual accounts for the year ended 30th June 2011, the same shall not be considered at the meeting of the Board of Directors of the Company convened for 22nd July, 2011. The audited annual accounts for the year ended 30th June 201 shall be considered at a subsequent meeting of the Board of Directors".

Ispat Industries Limited has submitted to the Exchange a copy of the minutes of the proceedings of the Extra Ordinary General Meeting of the members of the Company held on June 24, 2011.

Ispat Industries Limited has informed the Exchange that pursuant to the consent accorded by the shareholders at the Extraordinary General Meeting held on June 24, 2011 and upon receipt of approval on June 28, 2011 from the Registrar of Companies, West Bengal, under Section 21 of the Companies Act, the name of the Company stands changed from Ispat Industries Limited to JSW ISPAT Steel Limited. The change of name takes effect from June 28, 2011.

Ispat Industries Limited has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the Members of the Company to be held on June 24, 2011.

Ispat Industries Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the Quarter ended March 31, 2011 (taken on record by the Board of Directors of the Company at its meeting held on May 11, 2011) regarding Auditors Qualifications.

Ispat Industries Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended March 31, 2011 (taken on record by the Board of Directors of the Company at its meeting held on May 11, 2011) regarding the Utilisation of IPO Proceeds.

Ispat Industries Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended March 31,2011. 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/ISPATIND_LR_18052011.zip target=NEW> For more details click here.</a>

Ispat Industries Limited has informed the Exchange that Mr. R. K. Jena has ceased to be an Alternate Director to Mr. Pramod Mittal with effect from May 09, 2011, upon his nomination having been withdrawn by Mr. Pramod Mittal. Further the Company has also informed Exchange that upon being requested by Mr. Pramod Mittal, the Board of Directors of the Company at its meeting held on May 11, 2011 appointed Mr. Suhail Nathani as an Alternate Director to act for Mr. Pramod Mittal in accordance with Section 313 of the Companies Act, 1956.

Ispat Industries Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 264728 lacs for quarter ending on 31-MAR-2011 against Rs. 96095 lacs for the quarter ending on 31-DEC-2010. Net Profit / (Loss) of Rs. 7018 lacs for the quarter ending on 31-MAR-2011 against Rs. (40931) lacs for the quarter ending on 31-DEC-2010.

Ispat Industries Limited has submitted to the Exchange the Standalone Financial Results for the period ended March 31,2011.

Ispat Industries Limited has submitted to the Exchange a copy of the Post offer Public Announcement published on April 20,2011 in Newspaper with respect to Open Offer by JSW Steel Limited ("Acquirer") to the equity shareholders of Ispat Industries Limited ("Ispat" or the "Target") ("offer").

Ispat Industries Limited has informed the Exchange that Mr. Vinod Garg has relinquished office as Executive Director (Commercial) and has been relieved from the services of the Company effective April 06, 2011. Mr Vinod Garg also ceases to be a Director of the Company effectives April 16, 2011.

Ispat Industries Limited has informed the Exchange that 43199500 - 12% Cumulative Redeemable Preference Shares (12% CRPS) of Rs. 100/- each (adjusted face value Rs. 84/- per share) (ISIN NO. 136A04026) has been partly redeemed to the extent of Rs. 8/- per shares on March 31, 2011, being the fourth instalment of redemption, as per the terms of the issue. Accordingly, w.e.f. April 01, 2011, the adjusted face value of the outstanding 43199500 - 12% CRPS shall be Rs. 76/- per share aggregating Rs. 328.32 Crores.

Enam Securities Private Limited has submiited to the Exchange a copy of the Corrigendum to the Public Announcement issued on December 22, 2010 and Corrigenda to the Public Announcement issued on January 13, 2011 and March 10, 2011 with respect to Open Offer by JSW Steel Limited ("Acquirer") to the Equity shareholders of Ispat Industries Limited ("Ispat " or the "Target") ("Offer").

Enam Securities Pvt. Ltd. has submitted to the Exchange a copy of Corrigendum to the Public Announcement issued on December 22, 2010 with respect to the Open Offer by JSW Steel Limited ("Acquirer") to the equity shareholders of Ispat Industries Limited ("Ispat" or the "Target")("Offer").

Ispat Industries Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2010. 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/ISPATIND_LR_21022011.zip target=NEW> For more details click here.</a>

Ispat Industries Limited has submitted to the Exchange a copy of the proceedings of the Extra Ordinary General Meeting of the Company held on January 18, 2011.

Ispat Industries Limited has informed the Exchange that upon being requested by Mr. Pramod Mittal, the Board of Directors of the Company, at its meeting held on February 14, 2011, appointed Mr.R.K. Jena as an Alternate Director to act for Mr.Pramod Mittal in accordance with Section 313 of the Companies Act, 1956.

Ispat Industries Limited has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2010.

Ispat Industries Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the members of the Company held on December 21, 2010.

Ispat Industries Limited has informed the Exchange that the Securities Issue Committee of the Board of Directors of the Company, at its meeting held on January 24, 2011 have allotted to JSW Steel Limited, on preferential basis, 108,66,49,374 Equity Shares of Rs.10/- each, in the Company, at a premium of Rs. 9.85 per share.

Ispat Industries Limited has informed the Exchange that at the Extraordinary General Meeting of the Shareholders of the Company held on January 18, 2011, the following resolutions have been duly passed : A) Consent for issue and allotment to JSW Steel Limited, on preferential basis, 1,08,66,49,874 Equity Shares of the face value of Rs.10/- each in the Company, for cash at a price of Rs.19.85 per Equity Share, in accordance with the provisions of Section 81 (1A) of the Companies Act, 1956 and the Preferential Issue Guidelines of SEBI. The resolution was passed as a Special Resolution. (B) Takin

Enam Securities pvt. Ltd. has submitted to the Exchange a copy of an Announcement which has been released in the Newspaper on January 14, 2011 with respect to Open Offer by JSW Steel Limited ("Acquirer") to the Equity shareholders of Ispat Industries Limited ("Ispat"or the "Target") ("Offer").

Ispat Industries Limited has informed the Exchange regarding the following changes in the Board of Directors of the Company : (1) Appointment : (a) Mr. Sajjan Jindal has been appointed as an Additional director with effect from January 13, 2011; (b) Mr. Seshagiri Roa MVS has been appointed as an Additional director with effect from January 13, 2011; (c) Mr. Atul Sud has been appointed as an Additional director with effect from January 13, 2011; (d) Mr. Haigreve Khaitan has been appointed as an Additional director with effect from January 13, 2011. (2) Resignations : (a) Dr. A. Besant C. Raj ha

Ispat Industries Limited has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the members of the Company scheduled to be held on January 18, 2011.

Ispat Industries Limited has informed the Exchange that "operations at our Steel Complex at Dolvi, District Raigad, Maharashtra, have commenced from 22nd December, 2010".

Enam Securities Private Limited has informed the Exchange regarding the Public Announcement (PA) issued by Enam securities Private Limited ("ENAM"), the Manager to the Offer on behalf of the JSW Steel Limited ("JSW" or the "Acquirer"), to the equity shareholders of Ispat Industries Limited ("Ispat" or the "Target") pursuant to and in compliance with regulation 10 and 12 and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Share and Takeovers) Regulations 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations" or the "Regulations").

Ispat Industries Limited has informed the Exchange that the Board of Directors of the Company on December 20, 2010 has approved a Subscription cum Shareholders Agreement ("SSHA'") amongst the Company, JSW Steel Limited Company ("JSW") and the Promoters of the Company. Pursuant to the SSHA, JSW shall become Promoter of the Company. The agreement contemplates that the articles of association of the Company will be amended to incorporate the rights and obligations of the parties in the SSHA.

Ispat Industries Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended September 30,2010. 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/ISPATIND_LR_2010.zip target=NEW> For more details click here.</a>

Ispat Industries Limited has informed the Exchange that the Register of Members of the Company will remain closed from December 16, 2010 to December 20, 2010 (both days inclusive) for the purpose of the Annual General Meeting of the Company convened to be held on December 21, 2010.

Ispat Industries Limited has informed the Exchange vide its letter dated December 02, 2010 that: "(1) The Income Tax Department had undertaken search operations from the morning of Tuesday, 30th November, 2010. Our Company is not aware of the reasons for the operations. Our Company has provided all necessary information and clarification to the Income Tax Department and also extended its fullest co-operation; (2) Our Company has undertaken technical upgradation of plant facilities at its steel complex at Dolvi, District - Raigad, Maharashtra involving additional integration and harmonization o

News Verification : The media had reports that ArcelorMittal may pick up a stake in the company . 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. Ispat Industries Limited has vide its letter inter-alia stated, "We wish to inform that the news item is entirely speculative."

News Verification : The media had reports that ArcelorMittal may pick up a stake in the company. 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.

Ispat Industries Limited has informed the Exchange that the Board of Directors of the Company, at its meeting held today i.e. November 24, 2010 have issued and allotted an aggregate of 7,77,07,038 Equity Shares of Rs.10/- each, at par, in the Company to IFCI Ltd, IDBI Bank Ltd. and ICICI Bank Ltd.

Ispat Industries Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on November 12, 2010, Mr. Vinod Kothari has been appointed as an Additional Director on the Board of the Company. The appointment of Mr. Vinod Kothari as Additional Director takes effect from today i.e. November 12, 2010.

Ispat Industries Limited has informed the Exchange vide its letter dated September 16, 2010 that the Company has entered today into a Strategic Co-operation Agreement with M/s. Stemcor Holdings Ltd., London, (Stemcor).

Ispat Industries Limited has informed the Exchange that "The Board of Directors of our Company has, at its meeting held on 28th August, 2010, taken note of nomination by IFCI Ltd., of Ms. Manju Jain, Vice President, IFCI Ltd., as a Director on the Board of Directors of our Company. The appointment of Ms.Manju Jain as a Nominee Director takes effect from 28th August, 2010. We have been advised by IFCI Ltd., that the nomination of Ms. Manju Jain as a Director shall be in place of Mr. R P Singh. Accordingly, Mr. R P Singh ceases to be a Director in our Company effective 28th August, 2010".

Ispat Industries Limited has informed the Exchange regarding the standalone Results for the period ended on 30-JUN-2010 as follows: Net Sales of Rs. 1013273 lacs for period ending on 30-JUN-2010 against Rs. 813198 lacs for the period ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (32234) lacs for the period ending on 30-JUN-2010 against Rs. (68811) lacs for the period ending on 31-MAR-2009.

Ispat Industries Limited has informed the Exchange regarding the consolidated Results for the period ended on 30-JUN-2010 as follows: Net Sales of Rs. 1013273 lacs for period ending on 30-JUN-2010 against Rs. 813198 lacs for the period ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (32267) lacs for the period ending on 30-JUN-2010 against Rs. (68981) lacs for the period ending on 31-MAR-2009.

Ispat Industries Limited has informed the Exchange regarding the standalone Results for the period ended on 30-JUN-2010 as follows: Net Sales of Rs. 234987 lacs for period ending on 30-JUN-2010. Net Profit / (Loss) of Rs. (6924) lacs for the period ending on 30-JUN-2010.

Ispat Industries Limited has informed the Exchange that the Audited Accounts of the Company for the period ended June 30, 2010 shall be published within a period of 60 days from the end of the financial year. Accordingly, the Company shall not be publishing the un-audited results for the last quarter ended June 30, 2010

Ispat Industries Limited has informed the Exchange that 43199500 - 12% Cumulative Redeemable Preference Shares (12% CRPS) of Rs. 100/- each (adjusted face value Rs. 90/- per share) (ISIN NO. 136A04026) has since been partly redeemed to the extent of Rs. 6/- per shares, being the third installment of redemption, as per the terms of the issue. Accordingly, upon redemption of third installment, the adjusted face value of the outstanding 43199500 - 12% CRPS shall be Rs. 84/- per share.

Ispat Industries Limited has submitted to the Exchange a copy of the minutes of the proceedings of Extra-Ordinary General Meeting of the members of the Company held on May 15, 2010.

Ispat Industries Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended March 31,2010. 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/ISPATIND_LR_21052010.zip target=NEW> For more details click here.</a>