SPANCO

Spanco Limited has informed the Exchange regarding inability to convene the Annual General Meeting of the Company for the Financial year ending March 31, 2014.

Spanco Limited has informed the Exchange that the Registrar of Companies, Maharashtra, Mumbai, vide letter dated September 11, 2013, has extended the period of holding the Annual General Meeting of the Company for the financial year ended March 31, 2013 by three months i.e. up to a period of December 31, 2013.

Spanco Limited has informed the Exchange that the Company has made reference to the CDR cell for the Corporate Debt Restructuring of the Company under CDR mechanism as envisaged under scheme of Reserve Bank of India.

Spanco Limited has informed the Exchange that the Essel Utilities Distribution Company Private Limited has entered into a joint venture with Spanco Nagpur Discom Ltd., a step down subsidiary of the Company by entering in to a Share Subscription Cum Shareholders' Agreement ("SSSA") with intention to subscribe equity shares of Spanco Nagpur Discom Limited on Preferential basis and by virtue of this, Spanco Nagpur Discom Limited will cease to be a step down subsidiary of the Company upon allotment of the shares.

Spanco Limited has informed the Exchange that the Company vide a Deed of Adherence dated November 23, 2011 has transferred its Power distribution Business of Nagpur to its step down subsidiary namely Spanco Nagpur Discom Limited with effect from November 23, 2011.

Spanco Limited has informed the Exchange that the Company, in the capacity of Distribution Franchisee, has taken over the Distribution Assets, created and employed for distribution of electricity from Maharashtra State Electricity Distribution Co. Ltd. for designated distribution franchisee area comprising Civil Lines, Mahal and Gandhibag divisions under Nagpur Urban circle with effect from May 01, 2011.

Spanco Limited has informed the Exchange that M/s. Bessemer Venture Partners Trust, Mauritius ("Investor") has entered into a Share Subscription Agreement ("SSA") with Spanco Power Distribution Limited, a wholly owned subsidiary of the Company for investment upto Rs. 800 million in the said subsidiary by way of subscription of equity shares on preferential basis.

Spanco Limited has informed the Exchange that the Company (as lead partner) in consortium with Smart Chip Limited (as consortium partner), has received a Letter of Intent (LOI) in respect of introduction of e-Governance in Transport Department (Non-Commercial wing), Punjab, for a period of five years. The order value is amounting to Rs. 61 crores (approx).