LML

Lml Ltd. has submitted to the Exchange a copy of Notice of AGM of the Members of the Company to be held on September 03, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Lml Ltd. has informed the Exchange that pursuant to unwillingness of M/s Bansi S. Mehta & Co., Chartered Accountants, Mumbai, being the existing joint statutory auditors, to be re-appointed for the Financial Year 2005-06, and based on special notices received u/s 225 of the Companies Act, 1956, the Board of Directors in its meeting held on July 23, 2005 has recommended to the Shareholders of the Company for the appointment of M/s Khandelwal Jain & Co., Chartered Accountants, Mumbai as the one of the joint Statutory Auditors for the Financial Year 2005-06, at the ensuing AGM of the Company.

Lml Ltd. has informed the Exchange that Board of Directors in its meeting held on June 28, 2005, has appointed Mr Anurang Kumar Singhania as Whole-time Director on the Board of Directors of the Company w.e.f. June 28, 2005.

Lml Ltd. has informed the Exchange that the settlement date for series-B FCCBs due 2010 has been extended till August 31, 2005, that being the expected date for the next phase of project expenditure of the Company. The maturity date of the FCCBs has been extended accordingly to August 31, 2010.

Lml Ltd. has informed the Exchange that the Register of Members and Share Transfer Books of the Company will remain closed from August 29, 2005 to September 03, 2005 (both days inclusive) for the purpose of AGM to be held on September 03, 2005.

Lml Ltd. has informed the Exchange that M/s Morrington Investments Limited has acquired 45,00,000 Equity Shares aggregating to 9.19% of the total paid of capital of LML Limited on March 29, 2005. The mode of acquisition is through Preferential Allotment and the shareholding of M/s Morrington Investments Limited after the said acquisition is 45,00,000 Equity Shares aggregating to 9.19% of the total paid up capital of LML Limited.

M/s Morrington Investments Limited, Mauritius has informed the Exchange that they have acquired 45,00,000 Equity Shares aggregating to 9.19% of the total paid of capital of M/s LML Limited on March 29, 2005. The mode of acquisition is through Preferential Allotment and the shareholding of M/s Morrington Investments Limited after the said acquisition is 45,00,000 Equity Shares aggregating to 9.19% of the total paid up capital of M/s LML Limited.

Lml Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on March 29, 2005 has allotted following Securities, as already approved by Company's shareholders at its meeting held on March 15, 2005:- 1) 45,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 49.30 which includes the premium of Rs. 39.30 per share on preferential basis as per SEBI Guidelines to Morrington Investments Limited, Mauritius. 2) 7,85,423 Equity Shares of Rs. 10/- each at a price of Rs. 49.30 which includes the premium of Rs. 39.30 per share on preferential basis as per SEBI Gui

Lml Ltd. has submitted the minutes of the EGM held on March 15, 2005. The details of the minutes shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Lml Ltd. has informed the Exchange that Members of the Company, at their meeting held on March 15,2005, have passed / approved the following:- 1) Increase in Authorised Capital from Rs. 60 crores to Rs. 250 crores divided into Equity Capital of Rs. 100 crore and 0.001% non cumulative non convertible redeemable Preference Share Capital of Rs. 150 crores. 2) Amendments to the Memorandum of Association and Article of Association. 3) Issuance of Foreign Currency Convertible Bonds (FCCB) upto Rs. 250 crores. 4) Issuance of 45 lacs Equity Shares on preferential basis to M/s Morrington Investments Lt

Lml Ltd. has informed the Exchange that the company on March 04,2005 opened conditional overseas offers of Foreign Currency Convertible Bonds(FCCCBs) consisting of US$20 million of series A FCCBs due 2008 and of US$ 6 million of series B FCCBs due 2010(collectively "offer") through EMG Corporate Finance Limited, UK as Lead Manager to the offer. The offer is expected to close on March 08,2005.The offer of FCCBs is conditional upon shareholder approval(which is expected to be received at the EGM of shareholders to be held on March 15,2005) and certain other conditions, including but not limited

Lml Ltd. has informed the Exchange that EGM of the members of the company will be held on March 15, 2005. The details of the notice of EGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Lml Ltd. has informed the Exchange that Board of Directors at their meeting held on February 12, 2005 have approved the following and recommended the same to the members for their approval:- 1. To increase the present authorized capital from Rs. 60 crores to Rs. 250 crores divided into Equity Capital of Rs. 100 crore and 0.001% non cumulative non convertible redeemable preference shares of Rs. 150 crores and consequential amendment to the Capital clause in Memorandum and Articles of Association. 2. To amend the Articles of Association by inserting a new clause 66-A permitting

6. To approve the issuance of 0.001% non-cumulative, non-convertible redeemable preference shares, redeemable at par on the expiry of 10th, 11th and 12th years to its existing lenders upto Rs. 125 crores (approximately) by converting part of their outstanding loans. 7. To approve the issuance upto 2,000,000 equity shares on preferential basis to the following existing lenders at their option at a price of Rs. 49.30 including share premium of Rs. 39.30 per share determined as per SEBI [Disclosures and Investment Protector] Guidelines, 2000 in part satisfaction of thei

11. To authorise the Board to create security by way of mortgage, charge, hypothecation, etc. in connection with loans and advances including debentures of an aggregate amount not exceeding to Rs. 750 crores in pursuant to Section 293[1][a] of the Companies Act, 1956. 12. The Board has decided to convene an Extra Ordinary General Meeting of the Share Holders on March 15,2005 for obtaining their approval as required by the provision of Companies Act, 1956.

Clarification of News : The press had reports on December 31, 2004 that a UK-based strategic investor might buy a stake in the company. 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. LML Limited has vide its letter inter-alia stated, "The Company has been working for restructuring the business which inter-alia involves mobilization of fresh funds such as by way of capital, debt, etc. The proposal for mobilization

Clarification of News : The press had reports that a UK-based strategic investor might buy a stake in the company. 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. Reply is awaited from LML Limited.

Lml Ltd. has informed the Exchange that the ROC,UP & Uttaranchal,Kanpur,has granted approval for extension of the Financial year of the company from 12 months(01.10.2003-30.09.2004) to 18 months(01.10.2003-31.03.2005).

Lml Ltd. has informed the Exchange that IFCI Limited has appointed Mr. Javed Yunus as its nominee Director on the Board of Directors of the Company w.e.f. October 30, 2004, which has been approved by the Board of Directors of the Company at its meeting held on October 30, 2004. Consequently, the Board of Directors of the Company presently consists of the following: (1) Mr. MRB Punja - Chairman (2) Mr. Kulwant Singh - IDBI Nominee (3) Mr. Javed Yunus - IFCI Nominee (4) Mr. D G Prasad - Exim Bank Nominee (5) Mr. Shiromani Sharma (6) Mr. S K Aggarwal (7) Mr. L K Singhania - Wholetime Director (8

Lml Ltd. has informed the Exchange that Board of Directors of the Company has, subject to approval of Registrar of Companies, U.P. & Uttaranchal, Kanpur, approved extension of current Financial Year (01-10-2003 - 30-09-2004) from 12 months to 18 months (01-10-2003 to 31-03-2005) at its meeting held on October 30, 2004.