MONNETISPA

MONNETISPA: Members of the Exchange are hereby informed that the trading in Equity Shares of Monnet Ispat and Energy Limited shall be suspended w.e.f. August 29, 2018 (i.e. closing hours of trading on August 28, 2018) on account of Reduction of Share Capital and Consolidation of Share Capital.

The Exchange had sought clarification from Monnet Ispat and Energy Limited with respect to announcement dated 26-Jul-2018, regarding Salient features of the resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016, as amended (IBC) in respect of the corporate insolvency resolution process of Monnet Ispat and Energy Limited (Company MIEL).On basis of above the Company is required to clarify following:1. Any other material information not involving commercial secrets2. Salient features, not involving commercial secrets, of the resolution plan approved by the Tribunal

MONNETISPA:The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to announcement dated 26-Jul-2018, regarding " Monnet Ispat and Energy Limited has informed the Exchange regarding 'Salient features of the resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016, as amended (��IBC��) in respect of the corporate insolvency resolution process of Monnet Ispat and Energy Limited (��Company��/ ��MIEL��)'.". On basis of above the Company is required to clarify following: 1. Any other material information not involving commercial secrets<

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "JSW Steel close to a deal for Monnet Ispat". 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 company. Monnet Ispat and Energy Limited has submitted their response.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "JSW Steel close to a deal for Monnet Ispat". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange had sought clarification from the Company with respect to news item captioned "NCLT upholds termination of coal mine tender to Monnet Ispat". The response from the Company is enclosed.

The Exchange has sought clarification from the Company with respect to news item captioned "NCLT upholds termination of coal mine tender to Monnet Ispat" In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any information that

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Aion-JSW Steel Files Rs. 3500-cr Resolution Plan for Monnet Ispat.". 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 company. Monnet Ispat and Energy Limited has submitted their response.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Aion-JSW Steel Files Rs. 3500-cr Resolution Plan for Monnet Ispat.". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to Non-compliance as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: 1. Adoption of Ind AS for the quarter ended June 30, 2017. 2. Format prescribed in Schedule III to the Companies Act, 2013 3. Reconciliation of Profit & loss not givenThe response from the company is awaited.

The Exchange has sought clarification from the Company with respect to news item captioned 32 firms file for bankruptcy. The response from the Company is enclosed.

The Exchange has sought clarification from the Company with respect to news item captioned 32 firms file for bankruptcy. In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any information that has not been announced to the Exc

MONNETISPA: The Exchange had sought clarification from Monnet Ispat and Energy Limited with respect to announcement dated 14-Feb-2017, regarding "Monnet Ispat and Energy Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on February 14, 2017, has, inter alia approved the following:- (1) Appointment of Mr. Sanjay Kumar Garodia as Chief Financial Officer of the Company. (2) Appointment of Mr. Kunal Sharma as Independent Director on the Board of the Company. ". On basis of above the Company is required to clarify following: 1. Brief profile (in case

MONNETISPA:The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to announcement dated 14-Feb-2017, regarding "Monnet Ispat and Energy Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on February 14, 2017, has, inter alia approved the following:- (1) Appointment of Mr. Sanjay Kumar Garodia as Chief Financial Officer of the Company. (2) Appointment of Mr. Kunal Sharma as Independent Director on the Board of the Company. ". On basis of above the Company is required to clarify following: 1. Brief profile (in case

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "JSW Steel, Blackstone in talks to buy Monnet Ispat.". 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 company. Monnet Ispat and Energy Limited has submitted their response.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "JSW Steel, Blackstone in talks to buy Monnet Ispat.". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Monnet Ispat has received equity infusion proposal from an international 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 company. Monnet Ispat and Energy Limited has submitted their response.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Monnet Ispat has received equity infusion proposal from an international company." In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Lenders seek to sell 51 per cent in Monnet Ispat and Energy". 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 company. Monnet Ispat and Energy Limited has submitted their response.

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Lenders seek to sell 51 per cent in Monnet Ispat and Energy". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

News about Monnet Ispat and Energy Limited. The media had reports that "Monnet, lenders agree on debt-equity swap". 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 company. Monnet Ispat and Energy Limited has vide its letter inter-alia stated, "The lenders of the company had formed Joint Lenders Forum (JLF) in terms of Reserve Bank of India (RBI) guidelines. Further, lenders among themselves discussed various options of restructuring

The Exchange has sought clarification from Monnet Ispat and Energy Limited, with respect to recent news item captioned "Monnet, lenders agree on debt-equity swap". In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

News about Monnet Ispat and Energy Limited.The media had reports that "Share surges on reports of talks with Bhushan Steel to acquire stake in Orissa Sponge Iron".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 company.Monnet Ispat and Energy Limited has vide its letter inter-alia stated, "We are in principal agreeable to sell our stake held in Orissa Sponge Iron & Steel Ltd. to Bhushan Steel Limited. However, no commercial terms and valuat

The Exchange has sought clarification from Monnet Ispat and Energy Limited, with respect to recent news item captioned "Share surges on reports of talks with Bhushan Steel to acquire stake in Orissa Sponge Iron". In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the Company is awai

The Exchange had sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Fresh lease of life for Monnet Ispat". The Company has clarified that "the said news item has been published by the media in their own capacity and without corroborating the facts through any press release or statement from the representatives of the Company. We have observed that the news item has presented the facts and figures of the Company in a manner which is not reflective of the actual facts".

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Fresh lease of life for Monnet Ispat". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information

News Verification : The media had reports that . 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 company. Monnet Ispat and Energy Limited has vide its letter inter-alia stated," We would like to inform you that Company is at preliminary stage of discussion with few buyers to explore sale of its part stake in Monnet Power Company Limited. However, the discussions are at intial stage and the deal if fractified is subject to the due diligence

The Exchange has sought clarification from Monnet Ispat and Energy Limited with respect to recent news item captioned "Adani, JSW vie for Monnet Power". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that

Price movement : Significant price movement has been observed in Monnet Ispat and Energy Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Monnet Ispat and Energy Limited has vide its letter inter-alia stated,"There is no material development in the Company and the movement in price is attributable to the market function."

Monnet Ispat Limited has submitted to the Exchange that a copy of clarification with respect to news item published in the news paper on October 24, 2011.

News Verification : The media had reports that the Blackstone Group may acquire 12% stake in Monnet Ispat Limited's greenfield power plant to be set up in Orissa. 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. Monnet Ispat Ltd has vide its letter inter-alia stated," We would like to inform you that the Company is in discussion with various private equity investors for the possible stake in its subsidiary company

News Verification : The media had reports that Monnet Ispat Ltd may set up a 1,000 MW power plant in Indonesia. 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. Monnet Ispat Ltd has vide its letter inter-alia stated, "The Company is only in discussion with the Indonesian authorities for putting up coal fired Power Plant in that country on a pit-head basis. We would like to clarify that nothing has been finalized so

Clarification of News : The press had reports that Monnet Ispat Limited has struck a deal to acquire a manganese ore mine in Zambia. The company is also planning to set up a ferro alloys plant in Zambia. 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. Monnet Ispat Ltd has vide its letter inter-alia stated, "This is to inform that the news item appears to be correct in so far as the Company has negotiated for a Mang

News Verification : The press had reports on May 04, 2005 that Monnet Ispat Limited is planning to invest Rs 1400 crore for setting up sponge iron units in Orissa & Jharkhand. 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. Monnet Ispat Limited has vide its letter inter-alia stated, "We have not stated about any expansion of Rs. 1400 crores coming up in the state of Orissa and Jharkhand as reported in the press. Th

News Verification : The press had reports that Monnet Ispat Limited is planning to invest Rs 1400 crore for setting up sponge iron units in Orissa & Jharkhand. 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 Monnet Ispat Limited.