SOUISPAT

Southern Ispat And Energy Limited has informed the Exchange that the Board, at its meeting held on 14h November 2014, has decided to diversify and de-risk by goin into manufacturing of solar grade silicon ingots and bricks used in solar cells. The Company has further informed that the Company has signed an Agreement with Gujarat Government to set up the plant and the Board has decided to acquire 200 acres of land in a phased manner. (Source MSE)

Southern Ispat And Energy Limited has informed the Exchange that the Board of Directors in its meeting held on 14th January 2012 accepted the resignation of Mr. E. Sankaranarayana from the Board. (Source MSE)

Southern Ispat And Energy Limited has informed the Exchange that the Board of Directors of the Company, in its meeting held on 26th Novmber 2011, decided to forfeit 1,00,00,000 share Warrants issued to Non Promoters on Preferential basis, due to non receipt of balance from the allottees. (Source MSE)

Southern Ispat And Energy Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on 21st November, 2011 decided to hold the 16th Annual General Meeting of the Company on 26th December, 2011 and the Register of Members and Share Transfer Books of the Company will remain Closed from 21st December, 2011 to 26th December, 2011 (both days inclusive). The Company has further informed that no dividend has been recommended for the financial year 2010-2011. (Source MSE)

Southern Ispat And Energy Limited has informed the Exchange that the Board of Directors, in its meeting held on 10th June 2011, has approved, among other things, the following: (1) Allotment of 88,399,980 Equity shares of Rs.10/- each underlying 2,946,666 GDR's issued in the name of Depositary (The Bank of New York Mellon) and (2) the Offering Circular filed at Luxembourg Stock Exchange. (Source MSE)

Southern Ispat And Energy Limited has informed the Exchange that the Board in its meeting held on 2nd April 2001 approved the following: (i) the opening of GDR Issue; (ii) extension of last date of Scheme of Amalgamation with Kerala Sponge Iron Ltd by 31st October 2011 and (iii) closing the financial year 2010-2011 on 30th June 2011. (Source MSE)

The Board of Directors of Southern Ispat And Energy Limited has taken on record the Audited Financial Results of the Company for the period of 15 months ended 30th June 2010 in their meeting held on 27th November 2010. The Company has recorded a Prfit before Interest, Depreciation and Taxes of Rs.1377.02 lakhs and the Profit after Tax of Rs.822.97 lakhs for the period. (Source MSE)

Southern Ispat And Energy Limited has informed the Exchange the outcome of Board meeting of the Company held on 6th November 2010, as follows: (1) The Boad has approved the resolution of raising funds upto 100 crores; (2) The Board approved alteration of MOA and AOA for increasing of Authorised Capital upto 160 Croresof the Company and (3) For getting the approval of shareholders for issuing additional shares the Board approved conducting of EGM on 11-12-2010 by way of postal ballot. (Source MSE)

Southern Ispat And Energy Limited has informed the Exchange, the outcome of the Board Meeting held on 22nd October 2010 as follows:" (1) The Company has approved the proposal of acquiring New-Tech Forge and Foundry Ltd., Gujarat having a net worth of Rs.200 crore, which is having an Integrated Steel Plant with an annual capacity of 120,000 MT of producing sponge iron, billets, round steel, forging articles, machine flanges, etc. (2) During the quarter, the Company has initiated the process of acquiring Iron Ore mines in Chattarpur District of Madhya Pradesh, having an estimated reserve of 230

Southern Ispat And Energy Limited has informed the Exchange that the Board of Directors of the Company, at the meeting heldon 29th September 2010 inter alia, discussed and passed the resolution to extend the last date of Scheme of Amalgamation of M/s. Southern Ispat and Energy Ltd. with M/s. Kerala Sponge Iron to 30th April 2011. (Source MSE)