MUNJALAUTO

Munjal Auto Industries Limited has informed the Exchange that Mr. Mayank Dholakiya, Independent Director of the Company has ceased to be Director of the Company due to his sudden demise on July 14,2006.

Munjal Auto Industries Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 30, 2006 has recommended a dividend of 50% on equity shares subject to shareholders' approval.

Members of the Exchange are hereby informed that the trading in equity shares of Munjal Auto Industries Limited shall be suspended w.e.f. May 17, 2006 (i.e. closing hours of trading on May 16, 2006) on account of Scheme of Arrangement involving demerger of the Company with Shivam Autotech Ltd.

Munjal Auto Industries Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on May 02, 2006 has fixed May 24, 2006 as 'RECORD DATE' for the purpose of determining the eligibility of shareholders to receive new shares of the Company and shares of Shivam Autotech Limited (SAL). The Company has further informed that certified copies of the Orders passed by the High Courts of Gujarat and Delhi have been filed with the Registrar of Companies, Gujarat at Ahmedabad, on April 13, 2006 and with the Registrar of Companies, Delhi on April 27, 2006. Accordingly,

Munjal Auto Industries Limited has informed the Exchange regarding the change in the shareholding of promoter companies as at March 31, 2006 vis-a-vis to their holding as at March 31, 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/Corporate Announcements).

Munjal Auto Industries Limited has informed the Exchange that the Hon'ble High Court of Gujarat has sanctioned the scheme of demerger of the Company with Shivam Autotech Ltd. vide its Final Order dated March 29, 2006.

Munjal Auto Industries Limited has informed the Exchange that the Company has filed petition sanctioning Scheme of Arrangement before Hon'ble High Court of Gujarat at Ahmedabad, which shall be listed on February 10, 2006. Similarly, Shivam Autotech Limited (Transferee Company) has also filed petition sanctioning Scheme of Arrangement before Hon'ble High Court of Delhi, which shall be heard on March 24, 2006.

Munjal Auto Industries Limited has informed the Exchange that in the Meetings of the Shareholders, Secured and Unsecured Creditors of Munjal Auto Industries Ltd. (MAIL) held on January 30, 2006 to discuss the Scheme of Arrangement, 100 per cent of the Secured and Unsecured Creditors and 100 per cent of the total number of shareholders present in person / proxies voted overwhelming in favour of the scheme. These 100 per cent of the shareholders present in person / proxies represent 74.82 per cent of the total value of equity shares of the Company. The Scheme of Arrangement proposes that Binola

Munjal Auto Industries Limited has informed the Exchange that by an Order made on December 16, 2005, the Hon'ble High Court of Gujarat at Ahmedabad has directed that meetings of Equity Shareholders and Creditors (Secured & Unsecured) of the value of Rs.50,000/- or more of Munjal Auto Industries Limited, the Applicant / Transferor Company be convened on January 30, 2006 for the purpose of considering and, if thought fit, approving with or without modification(s), the proposed Scheme of Arrangement between Munjal Auto Industries Limited (Transferor Company) and Shivam Autotech Limited (Transfer

Hero Investments Private Limited has informed the Exchange that they have sold 2,00,000 shares(promoter group) aggregating to 1.000% of the total paid up capital of Munjal Auto Industries Limited on December 05, 2005.The mode of sale is Open Market and the shareholding of Hero Investments Private Limited after the said sale is 5,00,000 shares(promoter group) aggregating to 2.500% of the total paid up capital of Munjal Auto Industries Limited.

Bahadur Chand Investments Pvt. Limited has informed the Exchange that they have sold 2,00,000 shares(promoter group) aggregating to 1.000% of the total paid up capital of Munjal Auto Industries Limited on December 05, 2005. The mode of sale is Open Market and the shareholding of Bahadur Chand Investments Pvt. Limited after the said sale is 5,00,000 shares(promoter group) aggregating to 2.500% of the total paid up capital of Munjal Auto Industries Limited.

Munjal Auto Industries Limited has informed the Exchange that :- (1) Hero Investments Pvt. Ltd. (Part of Promoter group) has sold 2,00,000 equity shares of Munjal Auto Industries Limited on December 05, 2005. The shareholding of Hero Investment Pvt. Ltd. (Part of Promoter group) after the said sale is 5,00,000 Equity shares aggregating to 2.50% of the total share capital of Munjal Auto Industries Limited. (2) Bahadur Chand Investments Pvt. Ltd. (Part of Promoter group) has sold 2,00,000 equity shares of Munjal Auto Industries Limited on December 05, 2005. The shareholding of Bahadur Chand Inv

Munjal Auto Industries Limited has informed the Exchange that Haresh S. Khilnani who has assumed the office of Director / officer of the Company on December 05, 2005 holds Nil shares of Munjal Auto Industries Limited.

Munjal Auto Industries Limited has informed the Exchange that Hero Investments Private Limited and Bahadur Chand Investments Private Limited(sellers and PACs with them) (Both the above sellers are forming part of promoter group) have sold shares of Munjal Auto Industries Limited on December 05,2005 as follows: (1) Hero Investments Private Limited - 2,00,000 shares (1.000%) and (2) Bahadur Chand Investments Private Limited - 2,00,000 shares (1.000%).The mode of sale is Open market and the shareholding of Hero Investments Private Limited and Bahadur Chand Investments Private Limited after the sa

Munjal Auto Industries Limited has informed the Exchange that the Company has appointed Mr. Haresh S. Khilnani as Company Secretary w.e.f. December 05, 2005 in replacement of erstwhile Company Secretary Mr.Alok Nidhi Gupta. The said Company Secretary shall also act as Compliance officer.

Munjal Auto Industries Limited has informed the Exchange that ICRA Limited has assigned "A1+" (pronounced as A one plus) rating for Rs.10 Crore Short Term Debt including Commercial Paper Programme of the Company. This rating indicates highest safety, which means the prospect of timely payment of debt / obligation by the Company is the best.

Munjal Auto Industries Limited has submitted to the Exchange a copy of the proceedings of the AGM of the Company held on September 28, 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).

Munjal Auto Industries Limited has informed the Exchange that at a meeting of the BODs of M/s. Munjal Auto Industries Limited held on October 03, 2005, a Scheme of Arrangement was approved pursuant to which Binola Division of the Company at Dist. Gurgaon, Haryana, which is engaged in "Forging and Machining" business, would be demerged into a separate Company M/s Shivam Autotech Limited. As per the Advisory Report of M/s. S.S. Kothari Mehta & Co., Chartered Accountants, the Capital Structure of the two companies would be Rs.10,00,00,000 (Rupees Ten Crores each) (Paid Up). The existing paid up c

Munjal Auto Industries Limited has informed the Exchange that the shareholders of the Company had approved declaration of 40% dividend on the equity shares of the Company for the year ended on March 31, 2005 at their AGM of the Company held on September 28, 2005. The Company has further informed the Exchange that apart from items under ordinary business, the shareholders also approved the followings major items under special business :- 1) Re-appointment of Mr. Neeraj Munjal as Whole time Director of the Company for further period of five years commencing from February 01, 2005. 2) Increase in

Munjal Auto Industries Limited has informed the Exchange regarding the shareholding of the promoter companies in Munjal Auto Industries Ltd. as on September 20, 2005.There is no change in the shareholding of the promoter companies. The details of the same are as follows: i) Promoter Companies - Hero Group:- 1) Hero Cycles Limited holds 99,54,624 shares (49.77%); 2) Rockman Industries Limited holds 16,55,092 shares (8.28%); 3) Highway Industries Limited holds 730,174 shares (3.65%); 4) Bhagyoday Investments Pvt. Ltd holds 3,50,000 shares (1.75%); 5) Munjal Investments Pvt. Limited holds 3,50,00

Munjal Auto Industries Limited has informed the Exchange that the AGM of the Company is scheduled to be held on September 28, 2005.

Munjal Auto Industries Limited has informed the Exchange that the Register of Members and Shares Transfer Books of the Company will remain closed from September 16, 2005 to September 20, 2005 (both days inclusive) for the purpose of dividend.

Munjal Auto Industries Limited has informed the Exchange that the BODs in its meeting held on August 10, 2005 unanimously resolved that the Binola Unit of the Company at Gurgaon (Haryana), which is engaged in forging/ machining activities for the auto Industry be demerged into a separate Company - Shivam Autotech Limited (a recently incorporated Company) and the residual Company i.e. Munjal Auto Industries Limited continue to carry on the business of sheet metal components at Waghodia (Vadodara). A Committee of the BODs has been empowered to finalize the detailed demerger process on the basis

Clarification of News : The press had reports on June 04, 2005 that Munjal Auto Industries Limited is making a foray into the four-wheeler forging segment and is in talks with General Motors and Ford for four-wheeler forgings. 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. Munjal Auto Industries Limited has vide its letter inter-alia stated, "The Company has not received any order either from General Motors or Fo

Munjal Auto Industries Limited has informed the Exchange that the BoD's at its meeting held on June 04, 2005, have recommended a dividend of 40% for the year ended March 31, 2005.

Munjal Auto Industries Limited has informed the Exchange regarding the disclosures received from promoter companies, directors and designated employees as follows: 1) There has been no change in the shareholding of promoter companies as at March 31, 2005 vis-a-vis to their holding as at March 31, 2004 as none of the promoter Companies entered into any transaction into equity shares of the Company during FY 2004-05. 2) None of the Directors and designated employees has entered into any transaction in the equity shares of the Company during FY 2004-05. 3) None of the Directors and designated emp

Munjal Auto Industries Limited has informed the Exchange that subject to approval of Members of the Company, BOD�s in its meeting held on January 29, 2005, has re-appointed Shri Neeraj Munjal as Whole Time Director for a further period of five years from February 01, 2005.

Munjal Auto Industries Limited has informed the Exchange that ICRA Ltd. has assigned "A1+"(pronounced as A one plus) rating for Rs.10 Crore short Term Debt including Commercial Paper Programme of the company. This rating indicates highest safety,which means the prospect of timely payment of debt/obligation by the Company is the best.

Munjal Auto Industries Limited has informed the Exchange that Calcutta Stock Exchange has granted the company in-principle approval for voluntary delisting of the equity shares of the Company.