MAHINDUGIN

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Board of Directors at their meeting held on April 27, 2007 has appointed Mr.Pradeep Salian as Deputy Company Secretary and Compliance Officer of the Company. With this appointment, Mr R.Sundaresan Executive Vice President-Finance & MIS is ceased to be a Compliance Officer of the Company with effect from April 27, 2007.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that " at the Board Meeting held on Friday , the 27th April 2007, the Board of Directors of the Company has approved the following , subject to approval by the shareholders of the Company at the forthcoming Annual General Meeting. (1) To increase the Authorised Share Capital of the Company from Rs.65 Crores (Rupees Sixty Five Crores) to Rs.150 Crores (Rupees One Hundred Fifty Crores). (2) To increase the borrowing limit from Rs.150 Crores to Rs.500 Crores."

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Directors have recommended final dividend of Rs.2.50 per share for the year ended March 31, 2007. The total dividend for the year after considering the interim dividend declared and paid, amounts to Rs.4.50 per equity share.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that: "The Board of Directors of the Company at its meeting held on 23rd March, 2007 has declared an Interim Dividend at the rate of 20% i.e. Rs.2 per equity share of the face value of Rs.10/- each to the shareholders of the Company for the financial year ending March 31, 2007. The dividend will be paid tentatively around March 30, 2007. The Board will take a decision on final dividend when it meets to adopt the accounts for the year ended March 31, 2007".

Mahindra Ugine Steel Co. Ltd had informed the Exchange regarding the Board Meeting to be held on 23rd March, 2007. The Company has now fixed 28th March, 2007 as Record Date for the purposes of payment of Interim Dividend, if declared at the Board Meeting.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that: "The Board of Directors at their Meeting held on 25th January, 2007 have : 1) Accepted the resignation of Mr. C.S. Madhav Rao as Nominee Director with effect from 25th January, 2007, consequent upon the withdrawal of his nomination by Life Insurance Corporation of India. 2) Appointed Mr. K.B. Saha, as an additional Director of the Company with effect from 25th January, 2007, representing Life Insurance Corporation of India".

Mahindra Ugine Steel Co. Ltd has submitted to the exchange a copy of an abstract dated October 20, 2006 sent to the Shareholders of the Company as required under the provisions of section 302 of the Companies Act, 1956 for appointment of Mr. Deepak Dheer as an Executive Director of the Company with effect from October 20, 2006.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).<a href=/content/corporate/Mahindraugine_171106.zip target=NEW> For more details c

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Board of Directors at their Meeting held on October 20, 2006 have approved i) Mr. Rajeev Dubey as an additional Director of the company with effect from October 20, 2006. ii) Mr. Deepak Dheer as an Executive Director of the company with effect from October 20, 2006.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the BoDs of the Company at their meeting held on October 20, 2006, has declared Interim Dividend on 7% 5,46,000 Redeemable Cumulative Preference Shares of Rs.100/- each aggregating to Rs.21,79,017.75 including Dividend Tax.

Mahindra Ugine Steel Co. Ltd has submitted to the Exchange a copy of the Minutes/Proceedings of the AGM of the Company held on July 24, 2006. 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/Corporate Announcements).

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Remuneration Committee at its Meeting held on August 18,2006, has granted 9,55,500 Options under the Company's Employee Stock Option Scheme (ESOS), to certain eligible employees/directors of the Company. Details of the Options granted are as follows: 1) Number of Options granted: 9,55,500; Each Option represents 1 Ordinary Share of Rs.10/- each. 2) Number of Ordinary Shares covered under the Options granted: 9,55,500 Ordinary Shares of Rs.10/- each. 3) Exercise Price : Rs.99/- per Option. 4) Vesting period: Minimum one year from the d

Mahindra Ugine Steel Co. Ltd has informed the Exchange that at the AGM held on July 24,2006, the Members of the Company have approved the followings: 1) Payment of dividend on 7% Cumulative Redeemable Preference Shares of Rs.100/- each. 2) Payment of dividend @45% on Equity Shares of Rs.10/- each. 3) Reappointment of Mr. Anand G. Mahindra, Dr. H.N. Sethna and Mr. C.S. Madhav Rao as Director of the Company. 4) Appointment of Messrs. A.F. Ferguson & Co., Chartered Accountants, as Statutory Auditors of the Company. 5) Regularization of Mr. S.Ravi as Director of the Company, who was appointed as a

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Mr. R. Sundaresan, Executive Vice President (Finance) & MIS has been appointed as Compliance Officer of the Company with effect from May 01, 2006 until the appointment of Company Secretary. Further, the Company is in the process of appointing a Company Secretary and the Compliance Officer.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Annual General Meeting of the Company will held on July 24, 2006. The Register of Members and Share Transfer Books of the Company will remain closed from July 14, 2006 to July 24, 2006 (both days inclusive) for the purpose of Annual General Meeting of the Company and for payment of Dividend, if declared.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Mr. V. K. Gupte, Company Secretary and Compliance officer of the Company has resigned from the Company with effect from May 01, 2006. Further, the Company is in the process of appointing a Company Secretary and the Compliance Officer.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the BoDs of the Company at their meeting held on April 24, 2006, have recommended a payment of Dividend of Rs.4.50 per equity share of Rs.10/- each.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that pursuant to Scheme of merger, as approved by the Hon'ble High Court, Bombay, vide their order dated February, 2006, M/s. Pranay Sheetmetal Stampings Ltd. M/s. Console Estate and Investments Ltd. and M/s. Valueline Hotels & Resports Ltd. (Transferor Companies) has merged with the Company effective from March 20, 2006. The Company has made allotment of new 15,50,840 Equity Shares of Rs.10/- each as fully paid up to the shareholders of the transferor companies on March 29, 2006. Due to issue of new shares the paid up Equity Capital of

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Board of Directors of the Company at their meeting held on March 29, 2006 have approved :- (1) The allotment of 15,50,840 new Equity Shares of the Company to the Shareholders of the Transferor Companies pursuant to the scheme of Merger of Pranay Sheetmetal Stampings Ltd, Valueline Hotels and Resorts Ltd, Console Estate & Investments Ltd (Transferor Companies) with the Company as approved by the Hon'ble High Court, Bombay. (2) The Employees Stock Option Scheme to the eligible employees and such other persons as may be permitted by

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Company has received Certified True Copy of the Order of Hon'ble High Court of Bombay approving the Scheme of Merger of Pranay Sheetmetal Stampings Ltd., Valueline Hotels & Resorts Ltd., Console Estate & Investments Ltd with the Company on March 17, 2006. The Company has filed the Certified Copy of the said order with the Registrar of Companies, Maharashtra, Mumbai on March 20, 2006.

Mahindra Ugine Steel Co. Ltd had informed the Exchange that the workers have gone on an illegal strike from February 20, 2006. The Company has further informed the Exchange that the workers have on evening of February 27, 2006 called off the strike and commenced work. The strike lasted for full seven days. Its impact will be only marginal for the current quarter in view of adequate stocks to meet the market requirements.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Hon'ble High Court, Bombay at its hearing held on February 24, 2006 has approved the petition in respect of Scheme of Amalgamation filed by the Company for Amalgamation between Pranay Sheetmetal Stampings Limited, Console Estate & Investments Limited, Valueline Hotels & Resorts Limited with the Company.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that workers of the Company's Factory of Steel Division at Khopoli has gone on illegal strike with effect from February 20, 2006.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the BODs of the Company at their meeting held on January 27, 2006, has discussed in detail the Concept paper on Employees Stock Options and the modalities / implications of the same.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that HSBC Equity Fund (HEF) has sold 4,95,828 shares aggregating to 1.60% of the total paid up capital of Mahindra Ugine Steel Co. Ltd on January 23, 2006. The mode of sale is Secondary market Sale and the shareholding of HSBC Equity Fund (HEF) after the said sale is 7,43,742 shares aggregating to 2.40% of the total paid up capital of Mahindra Ugine Steel Co. Ltd..

Mahindra Ugine Steel Co. Ltd has informed the Exchange regarding the EGM of the Equity Shareholders of the Company held on January 11, 2006 wherein the Scheme of Amalgamation between Pranay Sheetmetal Stampings Limited, Valueline Hotels and Resorts Limited, Console Estate and Investments Limited and Mahindra Ugine Steel Company Limited has been approved unanimously by conduct of poll. The equity shareholders present in the meeting then cast their ballots. On scrutiny by the Scrutineers 83 ballots representing 1,69,06,943 Equity Shares having face value of Rs.16,90,69,430 were found. The result

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Equity Shareholders of the Company at their EGM (Court Convened) held on January 11, 2006 have unanimously approved the Scheme of Amalgamation between Pranay Sheetmetal Stampings Ltd, Valuelines Hotels and Resorts Ltd, Console Estate and Investments Ltd with the Company.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Mr. Raghunath Murti, Managing Director of M/s Mahindra Intertrade Limited has sold 6,883 shares of Mahindra Ugine Steel Co. Ltd on December 30, 2005. The mode of sale is Market and the shareholding of Mr. Raghunath Murti, after the said sale is 10,000 shares aggregating to 0.03% of the total share capital of Mahindra Ugine Steel Co. Ltd.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Mr. Hemant Luthra, Director of the Company has acquired 10,200 shares of Mahindra Ugine Steel Co. Ltd on December 30, 2005. The mode of acquisition is Market Purchase and the shareholding of Mr. Hemant Luthra after the said acquisition is 50,000 shares aggregating to 0.16% of the total share capital of Mahindra Ugine Steel Co. Ltd.

HSBC Investments (Hong Kong) Limited has informed the Exchange that HSBC Global Investment Funds a/c. HSBC Global Investment Funds BRIC Freestyle has acquired 24,052 shares of Mahindra Ugine Steel Co. Ltd. on December 29, 2005. The mode of acquisition is Market Purchase and the shareholding of HSBC Global Investment Funds a/c. HSBC Global Investment Funds BRIC Freestyle after the said acquisition is 21,88,587 shares aggregating to 7.08% of the total paid up capital of Mahindra Ugine Steel Co. Ltd.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that HSBC Global Investment Funds a/c. HSBC Global Investment Funds BRIC Freestyle has acquired 24,052 shares aggregating to 0.08% of the total paid up capital of Mahindra Ugine Steel Co. Ltd. on December 29, 2005. The mode of acquisition is Open Market and the shareholding of HSBC Global Investment Funds a/c. HSBC Global Investment Funds BRIC Freestyle after the said acquisition is 21,88,587 shares aggregating to 7.08% of the total paid up capital of Mahindra Ugine Steel Co. Ltd.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that by an Order made on the November 25, 2005 and by further Order dated December 09, 2005, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Mahindra Ugine Steel Company Limited, the Applicant Company be convened and held on January 11, 2006 to consider and if thought fit, to approve, with or without modification, the arrangement embodied in the Scheme of Amalgamation between Pranay Sheetmetal Stampings Limited, Valueline Hotels and Resorts Limited, Console Estate and Investments Lim

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Administrator of the Specified Undertaking of the Unit Trust of India has sold 18,19,934 shares aggregating to 5.88% of the total paid up capital of Mahindra Ugine Steel Co. Ltd during the period May 2004 to June 2005. The mode of sale is Open Market and the shareholding of Administrator of the Specified Undertaking of the Unit Trust of India after the said sale is Nil shares of Mahindra Ugine Steel Co. Ltd.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the BODs of the Company at their meeting held on September 5, 2005 have proposed a compromise or arrangement under sections 391 & 394 of the Companies Act,1956 involving the amalgamation and merger of Pranay Sheetmetal Stampings Ltd. (Pranay) , Console Estate & Investments Ltd. (Console) and Valueline Hotels & Resorts Ltd. (Valueline) with Mahindra Ugine Steel Co. Ltd ('the Company'). The proposed scheme of Amalgamation (the scheme) is subject to the sanction of the Hon'ble High Court of Bombay or such other competent authority. (1)

(c) To the equity shareholders of Valueline: 14 (Fourteen) equity shares of Rs.10/- each fully paid up of the Company to be issued and allotted at par for every 1(one) equity share of Rs.10/- each fully paid up in Valueline.

Mahindra Ugine Steel Co. Ltd has submitted to the Exchange a copy of the proceedings of AGM of the Company held on July 29, 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).

Mahindra Ugine Steel Co. Ltd has informed the Exchange regarding the change in shareholding of HSBC Equity Fund(HEF) and HSBC Midcap Equity Fund(HMEF). The details are as follows: 1) HSBC Equity Fund(HEF) has acquired 68,663 shares aggregating to 0.22% of the total paid-up capital of Mahindra Ugine Steel Co. Ltd. on June 22, 2005. The mode of acquisition is through secondary market purchase. The shareholding of HSBC Equity Fund(HEF) and HSBC Midcap Equity Fund(HMEF) after the said acquisition as follows: 1) HSBC Equity Fund(HEF) holds 10,58,175 shares aggregating to 3.42% of the total paid up

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Schemes of HSBC Mutual Fund have acquired shares of Mahindra Ugine Steel Co. Ltd. The details are as follows: 1) HSBC Equity Fund(HEF) has acquired 68,663 shares aggregating to 0.22% of the total paid-up capital of Mahindra Ugine Steel Co. Ltd. on June 22, 2005. The mode of acquisition is through open market. The shareholding of Schemes of HSBC Mutual Fund after the said acquisition as follows: 1) HSBC Equity Fund(HEF) holds 10,58,175 shares aggregating to 3.42% of the total paid up capital of Mahindra Ugine Steels Co. Ltd.; 2) HSBC M

HSBC Asset Management (India) Private Limited has informed the Exchange that Schemes of HSBC Mutual Fund have acquired shares of Mahindra Ugine Steel Co. Ltd. The details are as follows: 1) HSBC Equity Fund(HEF) has acquired 68,663 shares aggregating to 0.222% of the total paid-up capital of Mahindra Ugine Steel Co. Ltd. on June 22, 2005. The mode of acquisition is secondary market purchase.The shareholding of Schemes of HSBC Mutual Fund after the said acquisition as follows: 1) HSBC Equity Fund(HEF) holds 10,58,175 shares aggregating to 3.4210% of the total paid up capital of Mahindra Ugine S

Investria, Paris, France has informed the Exchange that they have sold 12,88,804 Equity Shares aggregating to 4.17% of the total paid-up Equity Share Capital of Mahindra Ugine Steel Company Limited on June 17, 2005. The mode of sale is through open market and the shareholding of Investria, Paris, France after the said sale is Nil Equity Shares of Mahindra Ugine Steel Company Limited.

Mahindra Holdings & Finance Limited has informed the Exchange that they have acquired 12,24,904 shares aggregating to 3.96% of total paid up capital of Mahindra Ugine Steel Co. Ltd. on June 17, 2005. The mode of acquisition is through Open Market and the shareholding of Mahindra Holdings & Finance Ltd. after the said acquisition is 1,64,66,789 shares aggregating to 53.24% of total paid up capital of Mahindra Ugine Steel Co. Ltd..

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Investria, Paris, France has sold 12,88,804 shares aggregating to 4.17% of total paid up capital of Mahindra Ugine Steel Co. Ltd. on June 17, 2005. The mode of sale is through Open Market and the shareholding of Investria, Paris, France after the said sale is NIL shares of the company.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that Mahindra Holdings & Finance Ltd. has acquired 12,24,904 shares aggregating to 3.96% of total paid up capital of Mahindra Ugine Steel Co. Ltd. on June 17, 2005. The mode of acquisition is through Open Market and the shareholding of Mahindra Holdings & Finance Ltd. after the said acquisition is 1,64,66,789 shares aggregating to 53.24% of total paid up capital of Mahindra Ugine Steel Co. Ltd..

HSBC Investments (Hong Kong) Limited has informed the Exchange that HSBC Global Investment Funds a/c HSBC Global Investment Funds BRIC Freestyle have acquired 32,163 shares of Mahindra Ugine Steel Co. Ltd. on June 07, 2005. The mode of acquisition is through Market Purchase and the shareholding of HSBC Global Investment Funds a/c HSBC Global Investment Funds BRIC Freestyle after the said acquisition is 1,560,034 shares aggregating to 5.04% of the total paid up capital of Mahindra Ugine Steel Co. Ltd.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that HSBC Global Investment Funds a/c, HSBC Global Investment Funds BRIC Freestyle have acquired 32,163 shares aggregating to 0.10% of the total paid up capital of Mahindra Ugine Steel Co. Ltd. on June 07, 2005. The mode of acquisition is through Open Market and the shareholding of HSBC Global Investment Funds a/c, HSBC Global Investment Funds BRIC Freestyle after the said acquisition is 15,60,034 shares aggregating to 5.04% of the total paid up capital of Mahindra Ugine Steels Co. Ltd.

HSBC Investments (Hong Kong) Limited has informed the Exchange that HSBC Global Investment Funds a/c, HSBC Global Investments Funds BRIC Freestyle have acquired 32,163 shares of Mahindra Ugine Steel Co. Ltd. on June 07, 2005. The mode of acquisition is through Market Purchase and the shareholding of HSBC Global Investment Funds a/c, HSBC Global Investment Funds BRIC Freestyle after the said acquisition is 1,560,034 aggregating to 5.04% of the total paid up capital of Mahindra Ugine Steels Co. Ltd.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that AGM of the Company will be held on July 29, 2005. The register of Members and Share Transfer Books of the Company will remained closed from July 16, 2005 to July 29, 2005 (both days inclusive) for the purpose of the AGM of the Company.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that 1) Mr. R R Krishnan has been appointed as Director w.e.f. April 21, 2005. 2) Mr. S.Ravi, Nominee Director of Unit Trust of India has resigned w.e.f. April 21, 2005.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that at the Board Meeting held on April 21, 2005, the BOD's of the Company has recommended a payment of dividend of Rs.3/- per share on equity share of Rs.10/- each for the year ended March 31, 2005.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that at the Board Meeting held on March 16,2005, the Board of Directors of the Company has approved in principle the proposal of expansion to raise the production capacity of Steel Division of the Company to 2,40,000 tonnes p.a. by March,2008.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the equity shares of the Company are delisted from The Delhi Stock Exchange Association Limited w.e.f. March 01,2005 vide their letter dated February 26,2005.