JSWISPAT

Jsw Ispat Steel Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on December 20, 2010, had, subject to necessary consents and approvals, approved to convert 485908844 - 0.01% Cumulative Redeemable Preference Shares in the Company into equity shares at Rs.19.85 per equity share. The same was Intimated to the Stock Exchanges on that date. The Company has now informed the Exchange that, in view of non-receipt of necessary consents and approvals despite lapse of considerable time, the Board of Directors of the Company has, at its meeting held on Sept

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.

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 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 that "operations at our Steel Complex at Dolvi, District Raigad, Maharashtra, have commenced from 22nd December, 2010".

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 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

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 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 informed the Exchange regarding the Copy of publication made in the newspapers in respect of notice received from a shareholder under section 257 of the Companies Act, 1956 signifying his candidature for the office of Director in the Company. The said notice will be taken-up at the ensuing Annual General Meeting of the Company to be held on September 23, 2009.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/corpor

Ispat Industries Limited has informed the Exchange that "Our Registrars & Transfer Agents, M/s. Intime Spectrum Registry Ltd., have intimated us that their name has been changed to 'M/s. LINK INTIME INDIA PRIVATE LIMITED'."

Ispat Industries Limited has informed the Exchange that "The Government of India, in its Ministry of Coal, has informed our Company that it is contemplating to make joint allocation of Behraband North Extension Coking Coal block in the State of Madhya Pradesh for captive mining of coal by our Company and four other companies. Based on the mineable capacity of the total geological reserves and requirement of coal as assessed by CMPDIL, our tentative proportionate share of coal reserves has been indicated at 76.049 Million Tons".

Ispat Industries Limited has submitted to the Exchange a copy of Abstract under Section 302 of the Companies Act, 1956, sent to the members of the Company. 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/ispat_UP_13052008.zip target=NEW> For more details click here.</a>

Ispat Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 31, 2008, considered and approved, in principle, hiving-off of the Company's Jetty facilities/ operations to an independent entity, subject to all requisite consents/ approvals and valuation reports to be received from valuers appointed/ to be appointed for the purpose.