POLARIND

Polar Industries Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on January 30, 2009 have interalia considered the following : It is proposed that a distribution of the company's product be done through an independent marketing company.

Polar Industries Ltd has informed the Exchange regarding the outcome of Board meeting held on June 28, 2008. 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/Polar_OutcomeofBoardmeeting_30062008.zip target=NEW> For more details click here.</a>

Polar Industries Ltd has informed the Exchange vide its letter dated April 21, 2008 that: "At the just concluded Board Meeting the members of the Board have resolved as under: 1) Audit and Remuneration Committees of the Board have been reconstituted; 2) M/s. K.L. Jaisingh & Co. Cost Accountants have been appointed as Cost Auditors of the Company for the Financial year 2008-09; 3) Accepted the Debt Restructuring package as approved by Asset Reconstruction Company of the India Limited; 4) Accepted the resignation of Mr. Vishwanath G. Malagi, Company Secretary, from the services of the Company an

Polar Industries Ltd has informed the Exchange vide its letter dated March 10, 2008 that: " At the just concluded meeting, the Board of Directors of the Company have inter- alia considered the following: a) approved cancellation of the allotment of 14,00,000 shares of Rs.10/- each out of the 40,00,000 equity shares of Rs.10/- each made at a premium of Rs. 4.70 per share to promoters on 20.08.2007 on conversion of 40,00,000 Zero Coupon Convertible warrants of Rs. 14.70 each, to comply with the requirement of securities and Exchange Board of India (Substantial Acquisition of shares and Takeover

Polar Industries Ltd had informed the Exchange that a meeting of the Board was held on February 22, 2008 to inter-alia consider convening of an Extra Ordinary General Meeting of the members of the Company for the purpose of grant of necessary authority to the Board u/s 81 (1A) to issue and allot Convertible Warrants to Promoters of the Company. Since certain clarifications / legal opinions have been requisitioned by the members of the Board, when considering the matter relating to allotment of Convertible Warrants to Promoters and convening of Extra Ordinary General Meeting for the said purpos

Polar Industries Ltd has informed the Exchange that the board of directors in their meeting held on August 25,2006 approved the extension of financial year of the company by six months i.e. upto September 30,2006 and also extension of time for holding AGM for the financial year 2005-06 by 3 months i.e. upto March 31,2007, subject to approval of Registrar of Companies, West Bengal. The board of directors decided to review the status of sickness of the company in terms of provisions of The Sick Industrial Companies (Special Provisions) Act, 1985 on the basis of audited accounts for the acconting

Polar Industries Ltd had informed the Exchange regarding the Board meeting to be held on APril 29, 2006 for the Unaudited Financial Results for the Qtr ended Mar 31, 2006. The Company now informed the Exchange that the BoDs of the Company in its meeting held on April 29, 2006 could not take on record the unaudited Financial Results for the quarter ended March, 2006. The meeting of audit committee could not be held on April 29, 2006 because of lack of quorum for approving the unaudited financial results for the quarter ended March, 2006. In view of the above, the BoDs of the Company in its me