NOVOPANIND

Novopan Industries Limited has informed the Exchange that: "Novopan Industries Limited, India's leading Particle Board manufacturer has sold over 3.00 lacs square meters of Pre-laminated Particle Boards during January, 2007, achieving a growth of 25% over the corresponding month of last year. The enhanced off take is from both OEM and retail segments, displaying growth in Particle Board demand in general and demonstration of market penetration efforts by Company's strong dealer/distributor network. Looking ahead, Novopan expects a stronger fourth quarter performance than what was achieved prev

Novopan Industries Limited has informed the Exchange that: "Novopan Industries Limited, the market leader in Pre-laminated Particle Board industry has received the approval of Hon'ble High Court of Andhra Pradesh for its proposal to merge Particle Board Division of GVK Novopan Industries (P) Ltd., resin-manufacturing division of GVK Petrochemicals (P) Ltd., and Amalgamation of Novofurniture (P) Limited with itself. Novopan has received the certified copy of High Court Order and has filed the same with the Registrar of Companies, Andhra Pradesh, Hyderabad. The merger is effective from 1st April

Novopan Industries Limited has submitted to the Exchange a copy of the Minutes of the AGM of the Company held on September 29, 2006. A copy 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/Novopan_AGM_01112006.zip target=NEW> For more details click here.</a>

Novopan Industries Limited has informed the Exchange that shareholders of the company at the AGM held on September 29,2006 have accorded their approval for the following: 1) Re-appointment of Sri G V Krishna Reddy, Smt. G Indira Krishna Reddy and Sri R Surender Reddy as Director of the Company. 2) Declared the dividend @21% on 87,92,757 equity shares of Rs.10/- each of the company. 3) Re-appointment of M/s Brahmayya & Co., Chartered Accountants as statutory auditors of the company. 4) Approved the increase in remuneration of Sri N Anil Kumar Reddy, Managing Director of the Company. 5) Approved

Novopan Industries Limited has informed the Exchange that Shareholders of the Company at their Meeting convened by Hon'ble High Court of Andhra Pradesh, Hyderabad held on September 29,2006 have unanimously approved the Scheme of Arrangement between M/s GVK Petrochemicals (P) Ltd. and M/s GVK Novopan Industries (P) Ltd. with M/s Novopan Industries Ltd. and Amalgamation of M/s Novofurniture (P) Ltd. with M/s Novopan Industries Ltd. and their respective shareholders.

Novopan Industries Limited has informed the Exchange that by an order made on August 30,2006, the Hon'ble High Court of Andhra Pradesh, Hyderabad has directed that the meeting of the equity shareholders of the applicant company be held on September 29,2006 for the purpose of considering and if thought fit, approving with or without modification(s), the proposed scheme of arrangement between M/s. GVK Petrochemicals private Limited and M/s. GVK Novopan Industries Private Limited with M/s. Novopan Industries Limited and amalgamation of M/s. Novofurniture Private Limited with M/s. Novopan Industri

Novopan Industries Limited has informed the Exchange that the Board of Directors of the company at its meeting held on July 27, 2006 has appointed Mrs. G Aparna Reddy as Additional Director on the Board of the Company.

Novopan Industries Limited has informed the Exchange that the Board at its meeting held on July 27,2006 has recommended 21 % Dividend for the year ended March 31,2006.

Novopan Industries Limited has informed the Exchange that the Board of Directors at their meeting held on July 27,2006 have decided to convene the next AGM of the company on September 29,2006 and announced the book closure dates from September 25,2006 to September 29,2006 for the purpose of payment of dividend, if declared.

Novopan Industries Limited has informed the Exchange that in order to consolidate the GVK Group's Particle board related operations and to achieve synergy in production, procurement, marketing and overall managerial operations and to achieve the ultimate goal of maximizing the wealth of the Investors, the Board of Directors of the company at its meeting held on June 25, 2006 has approved the following mergers with Novopan Industries Limited w.e.f April 01, 2006. (i) Merger of Particle Board division of GVK Novopan Industries (P) Ltd. (ii) Merger of Resin Division of GVK Petrochemicals (P) Ltd.

Novopan Industries Limited has informed the Exchange that the Board of Directors at its meeting held on June 25,2006 has decided to change the Registrar & Transfer Agents (RTA) of the Company from M/s. CIL Securities Limited, 214, Raghava Ratna Towers, Chirag Ali Lane, Abids, Hyderabad - 500001 to M/s. Satguru Management Consultants (P) Ltd., Plot No.15, Hindi Nagar, Punjagutta, Hyderabad - 500 034.

Novopan Industries Limited has informed the Exchange that the Board of Directors at their meeting held on June 25,2006 have approved the following proposals with a view to consolidate Particle Boards Operations of GVK Group and to achieve synergy in production, procurement, marketing and overall managerial operations of group's Particle Boards related activities. 1) Merger of GVK Novopan Industries (P) Ltd with Novopan Industries Limited. 2) Merger of Resin Division of GVK Petrochemicals (P) Ltd with Novopan Industries Limited. 3) Merger of Novofurniture (P) Ltd with Novopan Industries Limited

Novopan Industries Limited has informed the Exchange that (1)GVK Petro-chemicals Pvt. Ltd has sold 3771647 shares aggregating to 42.89% of the total share capital of Novopan Industries Limited. The mode of sale is through Consequent to scheme of Arrangement between GVK Petro-chemicals Pvt. Ltd with GVK Capital & Finance Ltd and Scheme of Amalgamation of Lunar Capital Services Pvt Ltd and the shareholding of GVK Petro-chemicals Pvt Ltd. after the said sale is Nil shares of the total share capital of Novopan Industries Limited.(2) GVK Capital & Finance Ltd. has acquired 3771647 shares aggregat

GVK Petrochemicals Pvt Ltd has informed the Exchange that consequent on the orders of the Hon'ble High Court of Andhra Pradesh dated January 28, 2006, the investment division of GVK Petrochemicals Pvt Ltd has amalgamated with M/s. GVK Capital & Finance Ltd. The Investment division inter-alia consists of several quoted shares, including the shares of Novopan Industries Ltd and TajGVK Hotel Resorts Ltd which have been transferred to M/s. GVK Capital & Finance Ltd. The details of the shares so transfered to GVK Capital & finance Ltd as per the orders of the Hon'ble High Court of Andhra Pradesh

GVK Capital & Finance Ltd has informed the Exchange that consequent on the orders of the Hon'ble High Court of Andhra Pradesh dated January 28, 2006, the investment division of GVK Petrochemicals Pvt Ltd has amalgamated with M/s. GVK Capital & Finance Ltd. The Investment division inter-alia consists of several quoted shares, including the shares of Novopan Industries Ltd and TajGVK Hotel Resorts Ltd which have been transferred to M/s. GVK Capital & Finance Ltd. The details of the shares so transfered to GVK Capital & finance Ltd as per the orders of the Hon'ble High Court of Andhra Pradesh s

Novopan Industries Limited has informed the Exchange that GVK Capital & Finance Ltd. have sold 3,50,000 shares aggregating to 3.98% of the total share capital of Novopan Industries Limited on March 29, 2006. The mode of sale is through Market and the shareholding of GVK Capital & Finance Ltd. after the said sale is 6,15,403 shares aggregating to 7.00% of the total share capital of Novopan industries Limited.

GVK Capital & Finance Ltd. has informed the Exchange that they have sold 3,50,000 shares aggregating to 3.98% of the total share capital of Novopan Industries Limited on March 29, 2006. The mode of sale is through Market and the shareholding of GVK Capital & Finance Ltd. after the said sale is 6,15,403 shares aggregating to 7.00% of the total share capital of Novopan industries Limited.

Novopan Industries Limited has informed the Exchange that the Company proposes to set up a new Pre-laminated Particle Board facility in the State of Uttaranchal and the Board has accorded its approval for setting up of the project at their meeting held on October 19, 2005. Further, the Company has disinvested the shares in its U.S. subsidiary company, viz. M/s GVK America Inc., and received the sale proceeds of Rs. 750 lacs as against the book value of Rs. 765 lacs and the loss of Rs. 15 lacs has been separately reflected in the operating results of Second quarter ended September 30, 2005.

Novopan Industries Limited has submitted to the Exchange a copy of the Minutes 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).

Novopan Industries Limited has informed the Exchange that shareholders of the Company at the AGM held on September 28, 2005 have accorded their approval for the following :- 1) Re-appointment of Sri N Anil Kumar Reddy as Managing Director of the Company for the five years w.e.f. April 22, 2005. 2) Re-appointment of Sri Som Bhupal & Mr. A Issac George as directors of the Company. 3) Declared the dividend @ 20% on 87,92,757 equity shares of Rs. 10/- each of the Company. 4) Re-appointment of M/s Brahmayya & Co., Chartered Accountants as statutory auditors of the Company. 5) Authorised the Board o

Novopan Industries Limited has submitted to the Exchange a copy of the Minutes of Proceedings conducted through Postal Ballot of the Company held on September 12, 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).

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,99,253 shares aggregating to 2.27% of Paid-up capital of Novopan Industries Limited during the period August 10, 2005 to August 25, 2005. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 2,91,054 shares aggregating to 3.31% of Paid-up capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,83,485 shares aggregating to 2.09% of share capital of Novopan Industries Limited during the period July 07, 2005 to August 09, 2005. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 4,90,307 shares aggregating to 5.58% of share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that pursuant to section 192A of the Companies Act,1956 read with the companies (passing of resolution by postal ballot) Rules, 2001, the company is seeking consent of the members of the Company by means of a postal ballot for passing the following resolutions: 1) Ordinary resolution under section 293(1)(a) of the Companies Act, 1956 to sale the whole of a undertaking i.e. investments of the company in its foreign subsidiary company; 2) Special resolution under section 372A of the Companies Act, 1956 to invest in the securities of subsidiary

Novopan Industries Limited has informed the Exchange that the Board in its meeting held on July 27, 2005 has recommended a dividend @ 20% for the year ended March 31, 2005. The company has further informed that the BODs have decided to convene the AGM of the company on September 28, 2005 and announced the book closure dates from September 26, 2005 to September 28, 2005 for the purpose of payment of dividend, if declared.

Novopan Industries Limited has informed the Exchange that the Board of Directors of the company at their meeting held on July 24, 2005 has decided to sale the investments of the company in its wholly owned foreign subsidiary company that is M/s GVK America Inc., and also authorized the Chairman to sell the said investments at a consideration not less than US$1,700,000.

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,76,266 shares aggregating to 2.00% of share capital of Novopan Industries Limited. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 6,73,792 shares aggregating to 7.67% of share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that Industrial Development Bank of India Ltd. has sold 1,77,891 shares aggregating to 2.02% of share capital of Novopan Industries Limited. The shareholding of Industrial Development Bank of India Ltd. after the said sale is 8,50,058 shares aggregating to 9.67% of share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 27, 2005 has re-appointed Mr. N. Anil Kumar Reddy as Managing Director for a term of 5 years w.e.f. April 22, 2005.

Novopan Industries Limited has informed the Exchange that the Company has received intimation from M/s. GVK Petrochemicals (P) Ltd. - shareholder of the company that consequent to the approval of Scheme of Amalgamation of M/s SB Finance (P) Ltd. & M/s GVS Finance (P) Ltd. with M/s GVK Petrochemicals (P) Ltd. vide order of Hon'ble High Court of Andhra Pradesh dated December 30, 2004 the shareholding of M/s SB Finance (P) Ltd. & M/s GVS Finance (P) Ltd. have been transferred to M/s GVK Petrochemicals (P) Ltd. on March 31, 2005 of Novopan Industries Limited. The details are as follows : M/s GVK P

GVK Petrochemicals (P) Ltd has informed the Exchange that they have acquired 35,81,731 shares aggregating 40.74% of the total paid up capital of Novopan Industries Limited. The date of acquisition is March 31, 2005 and the mode of acquisition is Transfer consequent to scheme of amalgamation of SB Finance (P) Ltd & GVS Finance (P) Ltd with GVK Petrochemicals (P) Ltd. vide High Court of A.P. Order dated December 31, 2004 issued on January 29, 2005. The shareholding of GVK Petrochemicals (P) Ltd after the said acquisition is 37,72,147 shares aggregating 42.91% of the total paid up capital of Novo

Novopan Industries Limited has informed the Exchange that consequent to the approval of scheme of amalgamation of M/s SB Finance(P) Ltd. & M/s GVS Finance(P) Ltd. with M/s GVK Petrochemicals (P) Ltd. vide order of Hon'ble High Court of Andhra Pradesh dated December 30,2004 the shareholding of M/s SB Finance(P) Ltd. & M/s GVS Finance(P) Ltd. have been transferred to M/s GVK Petrochemicals(P) Ltd. on March 31,2005. The company has further informed that M/s SB Finance(P) Ltd., M/s GVS Finance(P) Ltd. & M/s GVK Petrochemicals(P) Ltd. are group companies. Hence, the above said transfer is interse

Novopan Industries Limited has informed the Exchange that IDBI Ltd. has sold 1,90,539 shares aggregating to 2.17% of the share capital of Novopan Industries Limited during the period form February 25,2005 to March 14,2005. The shareholding of IDBI Ltd. after the said sale is 10,27,949 shares aggregating to 11.69% of the share capital of Novopan Industries Limited.

Novopan Industries Limited has informed the Exchange that GVK Capital & Finance Ltd. have acquired 128832 shares representing 1.46% of the share capital of Novopan Industries Ltd. The date of acquisition is December 14, 2004 and the mode of acquisition is through inter se transfer. The shareholding of GVK Capital & Finance Ltd. after the said acquisition is 963754 shares representing 10.96% of the share capital of Novopan Industries Ltd.

GVK Capital & Finance Ltd. have informed the Exchange that they have acquired 128832 shares representing 1.46% of the total paid-up capital of Novopan Industries Ltd. The date of acquisition is December 14,2004 and the mode of acquisition is through inter se transfer. The shareholding of GVK Capital & Finance Ltd. after the said acquisition is 963754 shares representing 10.96% of the total paid-up capital of Novopan Industries Ltd.

GVK Petrochemicals Pvt. Ltd. have informed the Exchange that they have acquired 62836 shares representing 0.71% of the total paid-up capital of Novopan Industries Ltd. The date of acquisition is December 14,2004 and the mode of acquisition is through inter se transfer. The shareholding of GVK Petrochemicals Pvt. Ltd. after the said acquisition is 190416 shares representing 2.16% of the total paid-up capital of Novopan Industries Ltd.

Novopan Industries Limited has informed the Exchange that M/s GVK Capital & Finance Ltd. have acquired 149713 shares representing 1.70% of the total paid-up capital of Novopan Industries Ltd. The date of acquisition is October 19,2004. The shareholding of M/s GVK Capital & Finance Ltd. after the said acquisitions is 834922 shares representing 9.50% of the total paid-up capital of the company.

Novopan Industries Limited has informed the Exchange that Mr. Y Rama Murty had been appointed as a director by the shareholders of the company at the AGM held on September 29, 2004, whose period of office shall be liable to retire by rotation.