SHYAMTELE

Shyam Telecom Ltd has submitted to the Exchange a copy of the Proceedings of the AGM of the Company held on August 07, 2006. The details of the proceedings shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

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 the AGM was held on August 07,2006 and all the Resolutions as proposed in the Notice of the AGM were passed without any modifications or alterations with overwhelming majority.

Shyam Telecom Ltd has informed the Exchange that the Annual General Meeting of the Company will be held on August 07, 2006.

Members of the Exchange are hereby informed that the trading in equity shares of Shyam Telecom Ltd. shall be suspended w.e.f. July 25, 2006 (i.e. closing hours of trading on July 24, 2006) on account of Scheme of Arrangement.

Shyam Telecom Ltd has informed the Exchange regarding the benefits available to the shareholders of the company under the Scheme of Arrangement as approved by the Hon'ble High Court of Rajasthan. The Scheme contemplates distribution of 25,59,57,500 (Twenty five crores fifty nine lacs fifty seven thousand five hundred) equity shares of the face value of Rs.10/- each aggregating to Rs.255,95,75,000 (Rupees two fifty five crores ninty five lacs seventy five thousand only) as on the transfer date held by the share holders without any consideration in proportion to their share holding in the Amalga

Shyam Telecom Ltd has informed the Exchange that the Company has announced Book Closure from August 01, 2006 to August 07, 2006 (both days inclusive). The Register of members and Share transfer books of the Company will remain closed during the period for the purpose of AGM and also be reckoned for the purpose of ascertaining the shareholders of the Company, entitled to receive the shares of Shyam Telelink Limited and fresh shares of the Company consequent to consolidation of reduced share capital of the Company, in terms of Scheme of Arrangement as approved by Rajasthan High Court vide their

Fidelity International has informed the Exchange that FMR Corp and its direct and indirect subsidiaries and Fidelity International Limited and its direct and indirect subsidiaries have sold 32,571 shares aggregating to 0.10% of the total share capital of Shyam Telecom Ltd on June 19, 2006. The mode of sale is through Open Market and the shareholding of FMR Corp and its direct and indirect subsidiaries and Fidelity International Limited and its direct and indirect subsidiaries after the said sale is 1,595,982 shares aggregating to 4.96% of the total share capital of Shyam Telecom Ltd.. The deta

Shyam Telecom Ltd has informed the Exchange that FMR Corp and its direct and indirect subsidiaries and Fidelity International Limited and its direct and indirect subsidiaries have sold 32,571 shares aggregating to 0.10% of the total share capital of Shyam Telecom Ltd on June 19, 2006. The mode of sale is through Open Market and the shareholding of FMR Corp and its direct and indirect subsidiaries and Fidelity International Limited and its direct and indirect subsidiaries after the said sale is 1,595,982 shares aggregating to 4.96% of the total share capital of Shyam Telecom Ltd. The details of

Shyam Telecom Ltd has informed the Exchange that a Company's Subsidiary i.e. Shyam Telecom UK LImited has been awarded Wireless Telegraphy License for the 1781.7- 1785 MHz paired with 1876.7- 1880 MHz band by OFCOM for operating GSM services in UK. License enables the Licensee to provide coverage in office buildings and campuses so as to provide seamless coverage. The License is for initial term of 10 years and extendable at the discretion of OFCOM.

Shyam Telecom Ltd has informed the Exchange that the company has received order from Hon'ble High Court of Rajasthan approving the Scheme of Arrangement filed earlier by the company without any modification. The main high lights of the Scheme are as follows :- a) Shyam Telecom Manufacturing Limited, a wholly owned subsidiary of the company involved in manufacturing of telecom/transmission equipments amalgamates with Shyam Telecom Limited (the amalgamated company). b) Transfer of liabilities of the amalgamated company to the tune of RS.200 crores and in lieu their of transfer of investments in

Shyam Telecom Ltd had informed the Exchange that the Hon'able High Court of Rajasthan has granted an extension to the Company to hold its AGM up to January 31, 2006 as a Scheme of Arrangement u/s 391-394 of the Companies Act, 1956 has been filed with the said Court and is pending for final orders. The Company has now informed the Exchange that in the hearing held on January 25, 2006 the Court has ordered that the meeting (AGM), which had been deferred till January 31, 2006 shall stand further deferred until further orders.

Shyam Telecom Ltd had informed the Exchange that the Company had sought extension for holding its AGM up to December 31, 2005 u/s 166(1) of the Companies Act, 1956. The Company has now informed that they applied to the High Court for further extension under Rule 6&9 of the Company (Court) Rules, 1959 read with Section 151 of Court of Civil procedure. The same has been also granted by Hon'able Court of Rajasthan till January 31, 2006.

Shyam Telecom Ltd has informed the Exchange that the company has obtained an extension of time for holding the AGM u/s 166(1) of the Companies Act,1956, for a period of 3 months, to hold its AGM upto December 31, 2005 which was due to be held upto September 30, 2005.

Shyam Telecom Ltd has informed the Exchange that the Board Meeting scheduled to be held on August 31, 2005, for approving the Audited Financial Results for the year ending March 31, 2005, has been adjourned and will be reconvened under intimation to the stock exchanges.

Shyam Telecom Ltd has informed the Exchange that the shareholding of Fidelity International Limited ("FIL") and its direct and indirect subsidiaries and FMR Corp and its direct and indirect subsidiaries as on July 27, 2005, on exclusion of domestic mutual fund is 19,67,954 shares aggregating to 6.11% of the share capital of Shyam Telecom Ltd.

Fidelity Investments has informed the Exchange that the shareholding of Fidelity International Limited ("FIL") and its direct and indirect subsidiaries and FMR Corp and its direct and indirect subsidiaries as on July 27, 2005, on exclusion of domestic mutual fund is 19,67,954 shares aggregating to 6.11% of the share capital of Shyam Telecom Ltd.

Fidelity Investments has informed the Exchange that Fidelity International Limited and its direct and indirect subsidiaries and FMR Corp and its direct and indirect subsidiaries has acquired 1,058,970 shares aggregating to 3.29% of the total share capital of Shyam Telecom Ltd on June 16, 2005. The mode of acquisition is Market Purchase and the shareholding of Fidelity International Limited and its direct and indirect subsidiaries and FMR Corp and its direct and indirect subsidiaries after the said acquisition is 2,913,990 shares aggregating to 9.05% of total share capital of Shyam Telecom Ltd.

Shyam Telecom Ltd has informed the Exchange that in the Board Meeting held on June 15, 2005, the Board of Directors of the Company has approved the Scheme of Arrangement subject to the approval of members /creditors and approval of High Court of Judicature of Rajasthan or such authority which provides for: (a) Amalgamation of Shyam Telecom Manufacturing Limited with Shyam Telecom Limited; (b) Transfer of liabilities of Shyam Telecom Limited to Shyam Basic Infrastructure Projects Limited to the tune of Rs.200 crores out of outstanding liabilities as on Transfer date along with shares of Shyam T

Fidelity Investments has informed the Exchange that FMR Corp. and its direct and indirect subsidiaries and Fidelity International Limited (FIL) and its direct and indirect subsidiaries has acquired 497,882 shares aggregating to 1.55% of the total paid up capital of Shyam Telecom Ltd.on June 09, 2005. The mode of acquisition is through Open Market and the shareholding of FMR Corp. and its direct and indirect subsidiaries and Fidelity International Limited (FIL) and its direct and indirect subsidiaries after the said acquisition is 1,628,955 shares aggregating to 5.06% of the total paid up capit

Shyam Telecom Ltd has informed the Exchange that Mr. Hemant Kumra has joined the Company Board as an Additional Director w.e.f. April 23, 2005 as an Independent Director.

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

Shyam Telecom Ltd has informed the Exchange that the AGM was held on September 27, 2004 and all the Resolutions as proposed in the Notice of the AGM were passed without any modifications or alterations with overwhelming majority.

Clarification of News : The press had reports that Bharti Tele-Ventures Limited is in talks to buy Shyam Telecom Limited's stake in Hexacom. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Shyam Telecom Limited has vide its letter inter-alia stated, "We hereby submit that there are no talks/conversation being done by Bharti Tele-Ventures Limited with us for acquiring our stake in Hexacom. The above news is false