NAHARSPG

Nahar Spinning Mills Ltd. had informed the Exchange that the Board decided to give one last opportunity to those shareholders who did not pay the Allotment Money, to pay the Allotment Money due alongwith interest thereon and issued forfeiture notice dated April 08,2006 and November 01,2006. Inspite of the above forfeiture notice which were sent by Registered post, some shareholders have not paid the Allotment Money alongwith interest due thereon. The company has now informed the Exchange that in view of the above the Board in their meeting held on 15th Jan., 2007 has forfeited 81008 Equity sh

Members of the Exchange are hereby informed that the trading in equity shares of Nahar Spinning Mills Ltd. shall be suspended w.e.f. January 24, 2007 (i.e. closing hours of trading on January 23, 2007) on account of Scheme of Demerger and Arrangement.

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 informed the Exchange that: "The Board of Directors have decided to fix Friday the 2nd day of February, 2007 as the Cut Off date (Record Date) to determine the shareholders who shall be eligible to get equity shares as per the scheme of demerger and arrangement".

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 company has issued Zero Interest Secured Premium Convertible Bonds of Rs.250/- each alongwith warrants on rights basis in terms of Letter of Offer dated December 19,1995. On the exercise of option attached with the warrants, company has allotted equity shares of Rs.10/- each at a price of Rs.137/- (including Rs.127/- as share premium) on May 07,1997 to all the shareholders as per the terms and conditions specified in the warrant letter and the company despatched partly paid up shares alongwith Allotment Money notice dated May 07,1997

Nahar Spinning Mills Ltd. has informed the Exchange that the AGM of the members of the company will be held on September 30,2006.

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

Nahar Spinning Mills Ltd. has informed the Exchange that the Board of Directors of the Company in their meeting held on September 04, 2006 have decided that the company should enter into new line of business of real estate subject to the approval of shareholders. The company is authorised to undertake the proposed business under sub clause 12 (a & b) of Clause - III C of the object clause of the Memorandum of Association of the Company. Further the said business of real estate shall be undertaken in Nahar Spinning Mills Limited.

Nahar Spinning Mills Ltd. has informed the Exchange that the Register of Members and Share Transfer Books will remain closed from September 20, 2006 to September 30, 2006 (both days inclusive) for the purpose of dividend on the Equity Shares for the year 2005-06.

Nahar Spinning Mills Ltd. has informed the Exchange that the Board of Directors at their meeting held on June 07,2006 have recommended Dividend @50% on the equity share capital for the financial year 2005-2006.

Nahar Spinning Mills Ltd. has informed the Exchange that the Board in its meeting held on March 30, 2006 have approved the scheme of Demerger and Arrangement between Nahar Spinning Mills Limited (hereinafter referred to as �NSML�) and Nahar Exports Limited (hereinafter referred to as �NEL�). Pursuant to the Scheme NSML, shall demerge and transfer its investment business to a new company Nahar Capital and Financial Services Limited (hereinafter referred to as 'NCFSL') to be formed for the purpose of taking over the investment business of NSML. On the transfer of investment business as per schem

paid up value of Rs 6.5 per share shall stand extinguished from the books of NEL upon transfer of textile business to NSML. The remaining paid up value of Rs.3.5 per equity shares of residual undertaking of NEL shall be reorganised into equity capital of Rs.5/-per share through this scheme of Demerger and Arrangement. Thus upon sanction of the scheme shareholders of NEL holding 100 Fully paid up equity shares of Rs.10/- each on the record date to be fixed for the purspose, shall receive 55 Fully paid up equity shares of Rs.5/- each in NSML.(post demerger of investment business) and 70 Fully pa

Nahar Spinning Mills Ltd. had informed the Exchange that the BOD have recommended Dividend @ 50% on the equity Share Capital for the year 2004-2005. The Company has now informed the Exchange that the shareholders of the Company have approved the dividend in their AGM held on September 28, 2005 and the Company proposes to pay the dividend by October 03, 2005 or October 04, 2005. Further, the Company has submitted to the Exchange a copy of Minutes of the AGM held on September 28, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Lat

Nahar Spinning Mills Ltd. has informed the Exchange that the Register of Members and Share Transfer Books will remain closed from September 16, 2005 to September 28, 2005 (both days inclusive) for the purpose of dividend on the Equity Shares for the year 2004-05.

Nahar Spinning Mills Ltd. has informed the Exchange that the BoD's at their meeting held on June 4, 2005 has recommended dividend @ 50% on the Equity share capital for the financial year 2004-2005.

Nahar Spinning Mills Ltd. has informed the Exchange that the company application for voluntary delisting of its shares from the Ludhiana Stock Exchange and Delhi Stock Exchange have been accepted and the equity shares stand delisted from the both the Exchanges.

Nahar Spinning Mills Ltd. has informed the Exchange that the BoD's have recommended Dividend @50% on the Equity Share Capital for the year 2003-2004. The Shareholders of the company have approved the dividend in their AGM held on September 30, 2004 and the company proposes to pay the dividend by October 07, 2004.