SHYAMTELE

Shyam Telecom Ltd has informed the Exchange that in the Board Meeting held on August 08, 2006, the Board of Directors passed a resolution approving the following :- i) Transfer of Shares of Shyam Telelink Limited (Company's Subsidiary) to Shyam Basic Infrastructure Projects Private Limited worth Rs.200 crores comprising of 20 crores equity shares of Rs. 10 each. ii) Distribution of 25,59,57,500 equity shares of Rs.10 each amongst the shareholders of the Company. iii) Allotment of new shares after Reduction of Share Capital and Consolidation thereof in terms of the Scheme. The Company has furth

Shyam Telecom Ltd has informed the Exchange that with regards to the Board Meeting to be held on February 26, 2005, the Company has submitted that certain clarifications on the scheme are still pending and after receiving the same, the Board has decided to meet again under intimation to the Stock Exchanges.

Shyam Telecom Ltd has informed the Exchange that the BOD�s of the Company has given the approval for the following subject to the approval of the institutions/lenders of the Companies and of High Court of Jurisdiction involved in the restructuring exercise: a) Amalgamation of Shyam Telecom Manufacturing Limited (wholly owned subsidiary of the Company doing the Manufacturing business and unlisted) into Shyam Telecom Limited, the Company; b) Reorganisation of capital structure and realignment of investments of Shyam Telecom Limited, Company with a view to have separate listed entities for manufa