SATHAISPAT

Sathavahana Ispat Ltd has informed the Exchange vide notes to Accounts in the Audited Financial Results for the year ended March 31, 2009 (taken on record by the Board of the Directors of the Company at its meeting held on June 30, 2009) regarding the utilisation of proceeds of preferential issue as on March 31,2009 is as under (in Rs. Lakhs): (1) Amount lying in fixed deposits with bank: 2181.72; (2) Amount incurred on Project and other related business Expenditure: 1227.63; (3) Amount in current account with bank: 0.15; Total amount: 3409.50.

Sathavahana Ispat Ltd has informed the Exchange that the Board of Directors, at their meeting held on June 30, 2009 recommended a dividend of Rs.1.50 per share amounting to Rs. 477.38 lakhs for the financial year ended March 31, 2009 subject to approval of Banks and members in general meeting. The applicable Corporate Dividend Tax amounting to Rs. 81.13 Lakhs will be paid by the Company.

Sathavahana Ispat Ltd has informed the Exchange that "The Company will be declaring audited results on or before 30th June, 2009 for the financial year 2008-09 and accordingly the Un-audited Financial Results (Provisional) for the fourth quarter ended March, 2009 will not be declared."

Sathavahana Ispat Ltd has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31, 2008 (taken on record by the Board of the Directors of the Company at its meeting held on January 30, 2009) regarding the utilisation of proceeds of preferential issue as under (in Rs. Lakhs): (1) Amount lying in fixed deposits with bank: 2300.00; (2) Project Expenditure: 663.02; (3) Other related business Expenditure : 446.42; (4) Amount in current account with bank: 0.06; Total amount: 3409.50.

Sathavahana Ispat Ltd has submitted to the Exchange a copy of the extract of minutes of Annual General Meeting of the Company held on September 30, 2008. 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/Sathav_AGM_04112008.zip target=NEW> For more details click here.</a>

Sathavahana Ispat Ltd has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended September 30, 2008 (taken on record by the Board of the Directors of the Company at its meeting held on October 31, 2008) regarding the utilisation of proceeds of preferential issue as under (in Rs. Lakhs): (1)Amount lying in fixed deposits with bank: 3200.00 (2)Project Expenditure: 209.44 (3)Amount in current account with bank: 0.06. Total amount: 3409.50.

Sathavahana Ispat Ltd has informed the Exchange that the following in connection with the dividend payment for the financial year 2007-08: (1) Date on and from which the dividend instruments on shares will be issued : on or above October 24, 2008.(2) Name of the Bank and controlling Branch: Axis Bank Limited, Begumpet Branch, Hyderabad. (3) ECS facility: Dividend will be paid through ECS facility at those centres permitted by Reserve Bank of India and will be paid to all the shareholders who have provided full and proper information of Bank particulars subject to guidelines issued in this reg

Sathavahana Ispat Ltd has informed the Exchange that the members of the company at the Annual General Meeting held on September 30, 2008 have duly approved all the businesses as specified in the notice convening the meeting viz; 1) Adoption of the Audited Accounts of the Company for the year ended March 31, 2008 along with the Reports of Directors and Auditors thereon. 2) Declaration of Dividend at 15% on equity shares for the year 2007-08. 3) Reappointment of Shri Syed Anis Hussain as Director, whose term of office is liable for determination of retirement by rotation. 4) Reappointment of Shr

Sathavahana Ispat Ltd has informed the Exchange that Register of Members and share transfer books of the Company will remain closed from September 16, 2008 to September 30, 2008 (both days inclusive) for the purpose of Annual General Meeting of the Company to be held on September 30, 2008 and for determining names of members eligible for dividend, if approved, on equity shares for the financial year ended March 31, 2008.

Sathavahana Ispat Ltd has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30,2008 (taken on record by the Board of the directors of the Company at its meeting held on July 31, 2008) that the utilisation of proceeds of preferential issue is as under in Rs. Lakhs: (1)Amount lying in fixed deposits with bank: 3200.00 (2)Project Expenditure: 199.92 (3)Amount in current account with bank: 9.58. Total amount: 3409.50.

Sathavahana Ispat Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on June 30, 2008 has recommended a dividend of 15% amounting to Rs. 394.73 Lakhs for the financial year ended March 31, 2008 which is subject to approval of members in general meeting. The applicable Corporate Dividend Tax amounting to Rs. 67.08 Lakhs will be paid by the Company.

Sathavahana Ispat Ltd has informed the Exchange vide notes to Accounts in the audited financial results for the year ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on June 30, 2008) that the utilisation of proceeds of preferential issue is as under in (Rs. Lakhs): (1) Amount lying in fixed deposits with bank : 3200.00 (Rs. Lakhs) (2) Amount in current accounts with bank : 209.50 (Rs. Lakhs); Total amount : 3409.50 (Rs. Lakhs).

Sathavahana Ispat Ltd has informed the Exchange that : "The Company will be declaring audited results on or before 30th June, 2008 for the financial year 2007-08 and accordingly the Un-audited Financial Results (Provisional) for the fourth quarter ended March, 2008 will not be declared."

Sathavahana Ispat Ltd has informed the Exchange regarding the outcome of the meeting of the Board of Directors of the Company held on March 31, 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/Sathavahana_OutcomeBm_31032008.zip target=NEW> For more details click here.</a>

Sathavahana Ispat Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2007 and found the same to be in order subject to certain observations. The auditor's observations are : Non provision of current tax and deferred tax for the period ended December 31, 2007 and consequential adjustments from out of the Profit for the period as provided in Accounting Standard 22 i.e., "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India".

Sathavahana Ispat Ltd has informed the Exchange that : "Shri S. N. Rao, Executive Director (Works), on superannuation ceased to be a whole time Director on the Board of the Company with effect from 1st February 2008 but continues to be on the Board of the Company as an independent director. This change has been approved by the Board of Directors vide Board Resolution dated 31st January 2008".

Sathavahana Ispat Ltd has informed the Exchange regarding the Outcome of Extraordinary General Meeting held on January 14, 2008. The details of the business transacted at the EGM 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/sathavana_OUTEGM_15012008.zip target=NEW> For more details click here.</a>

Sathavahana Ispat Ltd has submitted to the Exchange a copy of Notice of Extraordinary General Meeting to be held on January 14, 2008. 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/sathavahana_NOTEGM_26122007.zip target=NEW> For more details click here.</a>

Sathavahana Ispat Ltd has informed the Exchange regarding the outcome of the meeting of the Board of Directors of the Company held on December 20, 2007. 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/Sathavahana_OutcomeBm_20122007.zip target=NEW> For more details click here.</a>

Sathavahana Ispat Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are : Non provision of current tax and deferred tax for the period ended September 30, 2007 and consequential adjustments from out of the Profit for the period as provided in Accounting Standard 22 i.e., "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India".

Sathavahana Ispat Ltd has informed the Exchange vide notes to Unaudited Financial Results for the quarter ended September 30, 2007 (taken on record by the Board of the directors of the Company at its Meeting held on October 31, 2007) that the Co-generation Power facility of 30MW of the Greenfield Project is under Implementation and its commissioning is likely to be in third quarter of current financial year, barring unforseen circumstances.

Sathavahana Ispat Ltd has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on September 29, 2007. 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/SathavahanaIspat_MinutesAGM.zip target=NEW> For more details click here.</a>

Sathavahana Ispat Ltd has informed the Exchange that the members at the Annual General Meeting of the Company held on September 29, 2007 have unanimously passed the following resolution as an ordinary resolution with regard to declaration of dividend: "Resolved that a dividend @ 10% on the paid up equity share of the Company for the year ended March 31, 2007 with applicable dividend tax payable by the Company be and is hereby declared for payment, in respect of shares held in electronic form to those members whose names appear as beneficial owners in the statements furnished by the depositorie

Sathavahana Ispat Ltd has informed the Exchange that the Register of Members and share transfer books of the Company will remain closed from September 15, 2007 to September 29, 2007 (both days inclusive) for the purpose of Annual General Meeting of the Company to be held on September 29, 2007 and for determining names of members eligible for dividend, if approved on equity shares for the financial year ended March 31, 2007.

Sathavahana Ispat Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the period ended June 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are : non provision of current tax and deferred tax for the period ended 30th June, 2007 and consequential adjustments from out of the Profit for the period as provided in Accounting Standard 22 i.e., "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

Sathavahana Ispat Ltd has informed the Exchange that: "The plant of the Company situated at Haresamudram Village, Bommanahal Mandal, Anantapur District, Andhra Pradesh has been re-started on July 30, 2007 after completion of Blast Furnace relining".

Sathavahana Ispat Ltd has informed the Exchange that the Board of Directors, at their meeting held on June 30, 2007, recommended a dividend of 10% amounting to Rs.263.00 Lakhs for the financial year ended March 31, 2007 subject to approval of Banks and members in general meeting. The applicable Corporate Dividend Tax will be paid by the Company.

Sathavahana Ispat Ltd has informed the Exchange that: "The Company has taken a capital shut down of the Pig Iron making plant situated at Haresamudram village, Bommanahal Mandal, Anantapur District, Andhra Pradesh effective from 3rd June 2007 for relining of blast furnace and for other repairs which will last for about 45 to 50 days. The plant operations will be resumed after these works are completed".

Sathavahana Ispat Ltd has informed the Exchange that: "The Company will be declaring audited results on or before 30th June, 2007 for the financial year 2006-07 and accordingly the Un-audited Financial Results (Provisional) for the fourth quarter ended March, 2007 will not be declared".

Sathavahana Ispat Ltd has informed the Exchange that: "The Company has commenced commercial operations of Coke Oven Batteries for manufacture of Metallurgical Coke with Rated capacity 300,000 tons per annum at its Greenfield Project situated at Kudithini Village, Bellary District, Karnataka effective from 21st March 2007. The works on the 30 MW Co-generation Power Plant, forming part of the said Greenfield project, are in progress and its commissioning will be announced separately".

Sathavahana Ispat Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the period ended December 31, 2006 and found the same to be in order subject to certain observations. The auditor's observations are : non provision of current tax and deferred tax for the period ended 30th September, 2006 and consequential adjustments from out of the Profit for the period as provided in Accounting Standard 22 i.e., "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.