NAHARSPG

Nahar Spinning Mills Ltd. has informed the Exchange that " as per the Order dated 21st Dec., 2006 passed by the Hon'ble Punjab & Haryana High Court in respect of publication, the company has already published the notice as approved by the Court Secretary in the News papers on 12th January, 2007. A Copy of the notice 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/Naharspi_Not_19012007.zip target=NEW> For more details click here.</a>

Nahar Spinning Mills Ltd. has submitted to the Exchange a copy of the Rationale for the Demerger of Investment Business of NSML (Nahar Spinning Mills Ltd.). 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).<a href=/content/corporate/Naharspinning_15112007.zip target=NEW> For more details click here.</a>

(ii) Upon such allotment of shares, the paid up value of each existing equity share of Nahar Exports Limited shall stand reduced from Rs. 10/- (Ten) each to Rs. 3.50 per equity share which would be reorganised into the nominal value of Rs. 5/- per equity share, as per scheme. Thus every shareholders of Nahar Exports Limited holding 100 Fully paid up equity share of Rs. 10/- each on the record date, shall be entitled for 55 (Fifty-five) fully paid equity shares of Rs. 5/- (Five) each of Nahar Spinning Mills Limited (post investment business) and 70 Equity shares of Rs. 5/- each of Nahar Exports

Nahar Spinning Mills Ltd. has informed the Exchange that "the Hon'ble Punjab & Haryana High Court vide its Order dated December 21,2006 has sanctioned the Scheme of Demerger and Arrangement between Nahar Spinning Mills Limited and Nahar Exports Limited. The appointed date of the said demerger and arrangement as approved by the Hon'ble Court is 1st day of April, 2006. The company has further informed the Exchange that as per the Scheme of Demerger and Arrangement sanctioned by the Hon'ble High Court, upon demerger and transfer of investment business aggregating to Rs. 34576.54 lacs of Nahar Spi

Nahar Spinning Mills Ltd. has informed the Exchange that the Hon'ble Punjab & Haryana High Court vide its Order dated August 17,2006 has directed the company that seperate meeting(s) of the Equity Shareholders, Secured and Unsecured Creditors be held for the purpose of considering, and if thought fit, approving with or without modification, the composite scheme of Demerger and Arrangement between Nahar Spinning Mills Limited, Nahar Exports Limited and Nahar Capital and Financial Services Limited. The company has further informed the Exchange that in pursuance of the said order and as directed