STINDIA

Sti India Ltd has informed the Exchange on January 18,2007 that: "The Shareholder of the Company have in the Extra-Ordinary General Meeting held today approved following items:- 1) To offer, issue and allot optionally convertible debentures for an aggregate value of Rs.136.75 Crores to Private Investors. 2) To offer, issue and allot optionally convertible warrants for an aggregate value of Rs.25.50 Lacs to Private Investors and Promoters Group. 3) To offer, issue and allot 40.00 Lacs equity shares of Rs.10.00 each to State Bank of India on preferential allotment basis".

Sti India Ltd has submitted to the Exchange a copy of the notices of the Extra-Ordinary General Meeting of the members of company to be held on 18th January 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/STIIndia_Not_02012007.zip target=NEW> For more details click here.</a>

Sti India Ltd had informed the Exchange regarding changes in the quantum of one time settlement of existing debt and also the consequential changes required in the issue size of equity shares, convertible / non-convertible debentures, deferment of Extraordinary General Meeting scheduled to be held on December 11,2006. The company has now informed the Exchange that: "Now, the Committee of the Directors have in their meeting held on 19th December, 2006 decided as the follows subject to necessary regulatory approvals from SEBI / RBI and Stock Exchanges: 1) To offer, issue and allot optionally co

Sti India Ltd had informed the Exchange regarding cancellation of Extra-ordinary General Meeting of the company scheduled to be held on December 11,2006. The company has now informed the Exchange that "erroneously the word cancellation was used in place of deferment of the Extra-ordinary General Meeting scheduled to be held on December 11,2006. Considering the Secretarial Standards prescribed by ICSI we wish to use the word "defer" in place of cancellation of EGM. In view of above we wish to inform you that, considering the changes in the quantum of one time settlement of existing debt and a

Sti India Ltd has informed the Exchange that: "In view of the changes in the quantum of one time settlement of existing debt and also the consequential changes required in the issue size of equity shares, convertible / non-convertible debentures and warrants to promoters and private investors, the Allotment Sub-committee of the Board of Directors have in their meeting held on December 06, 2006 decided to cancel the proposed Extra-ordinary General Meeting scheduled to be held on 11th December, 2006. The new date of Extra-ordinary General Meeting and other details related thereto shall be inform

Sti India Ltd had informed the Exchange regarding the decision taken by the Board in respect of One Time settlement of existing debt, issue of equity shares, convertible/non-convertible debentures, warrants etc. to promoters and private investors and calling Extra Ordingaly General Meeting of share holder whenever required. The Board had in its Meeting held on October 27, 2006 also constituted a sub-committee of the BoDs to take necessary decisions in respect thereof. Now, the Committee of the Directors have in their meeting held on November 17, 2006 decided as follows subject to necessary re

Sti India Ltd has informed the Exchange that the Board of Directors of Company in its meeting held on October 27, 2006 considered other items and decided as follows:- (i) The Board of Directors have decided to explore all the possibilities for one time settlement of restructured debt with the existing lenders and take necessary steps in relation thereto. (ii) Subject to necessary regulatory approvals, the Board has decided to offer, issue and allot such numbers of equity shares, convertible non-convertible debentures, warrants or other instruments on such terms and conditions, as may be neces

Sti India Ltd has informed the Exchange that the shareholders of the company have in their AGM held on September 30, 2006 approved/ decided the following: (1) Approved the re-appointment of Mr. N. M. Sharma as director liable to retire by rotation. (2) Approved the re-appointment of M/s Rastogi Narain & Co. as Auditors.(3) Approved the proposal of de-listing of shares from M P Stock Exchange. (4) Approved to modify the Authorised Share Capital of the Company from Rs.45 Crores consisting of 2.50 Crores Equity Shares of Rs.10/- each and 20.00 lacs Preference Shares of Rs.100/- each to Authorised

Sti India Ltd has informed the Exchange that the Board of Directors of the company have in their Board Meeting held on September 04, 2006 decided to include following agenda items for approval of the shareholder in the notice of AGM to be held on September 30, 2006. :- 1) To keep the existing Authorised Share Capital unchanged at Rs.45 Crores, but modify it from Rs.45 Crores consisting of 2.50 Crores Equity Share of Rs.10/- each and 20 Lacs Preference Share of Rs.100/- Each to Rs.45 crores consisting of 4 Crores Equity Share of Rs.10/- each and 5 Lacs Preference Share of Rs.100/- Each. 2) To i

Members of the Exchange are hereby notified that the suspension in trading of equity shares of STI India Limited will be revoked w.e.f. June 23, 2006 on account of satisfactory redressal of issues of non-compliance of the Listing Agreement.

Sti India Ltd has informed the Exchange that the Board of Directors in its meeting held on June 09, 2006 decided to reclassify the types of Share Capital within the overall Authorized Capital of Rs.45 Crores subject to the approval of shareholders in the next AGM. The AGM of the Company is proposed to be held on September 30, 2006. The Company further informed that the Register of Members and the share transfer books of the Company shall remain closed from September 23, 2006 to September 30, 2006 (both days inclusive).

Sti India Ltd has informed the Exchange that Subsequent to the Debt Restructuring scheme approved by the major term lending institutions and Bankers, the Board for Industrial and Financial Reconstruction has declared the Company as sick u/s 3(1)(O) of the Sick Industrial Company (Special Provisions) Act, 1985. The Board has appointed State Bank of India as the operating agency u/s 17(3) of the Act for submitting a draft Rehabilitation Scheme. The Company is of the opinion that this measure adopted by the Board shall help to sustain its improved operation as well as enhance its capabilities to

Sti India Ltd has informed the Exchange that Stressed Assets Stabilization Fund - A Financial Institution (Trust) formed by the Government of India has acquired 75,00,000 shares aggregating to 30% of the total paid up capital of Sti India Limited on December 19, 2005. The mode of acquisition is through upon conversion of part loan into Equity under Section 81 (3) of the Companies Act, 1956 and the shareholding of Stressed Assets Stabilization Fund - A Financial Institution (Trust) formed by Government of India after the said acquisition is 75,00,000 shares aggregating to 30% of the total paid

Stressed Assets Stabilization Fund has informed the Exchange that they have acquired 75,00,000 shares aggregating to 30% of the total paid up capital of Sti India Ltd. on December 19, 2005. The mode of acquisition is upon Conversion of Part loan into equity under section 81(3) of the Companies Act, 1956 and the shareholding of Stressed Assets Stabilization Fund after the said acquisition is 75,00,000 shares aggregating to 30% of the total paid up capital of Sti India Ltd.

Sti India Ltd has informed the Exchange that in the AGM held on September 30, 2005, the shareholders have approved the following: 1) Re-appointment of Mr. K. N. Garg as Director; 2) Re-appointment of Statutory Auditors M/s Rastogi Narain & Co; 3) Issue of 75 lacs Equity Shares at par on preferential allotment to Stressed Assets Stabilization Fund (SASF) in terms of the restructuring of term liabilities. A copy of the proceedings of the AGM held on September 30, 2005 shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Serv

Sti India Ltd has informed the Exchange regarding the outcome of the Board Meeting of the Company held on September 01, 2005 as follows: (i) The BODs approved the Annual Accounts for the year ended on March 31, 2005 after incorporating restructuring of term liability of the Company; (ii) The BODs have approved the notice of AGM to convene AGM on September 30, 2005; (iii) The agenda for the next AGM will include an item in respect of preferential allotment of 75 lacs Equity Shares Rs.10 each for cash at par in favour of Stressed Assets Stabilization Fund (SASF) in term of restructuring of term

Sti India Ltd has informed the Exchange that the BODs have in their Board Meeting held on July 28, 2005 decided to convene its AGM on September 30, 2005. The Company has further informed that the Share transfer books and register of members shall remain closed from September 23, 2005 to September 30, 2005 (both days inclusive).

Sti India Ltd has informed the Exchange that 1,75,00,000 Equity Shares of Rs. 10/- each fully paid up of the Company have been delisted from The Stock Exchange - Ahmedabad (ASE) and The Delhi Stock Exchange Association Limited (DSE) w.e.f. February 28, 2005 and March 01, 2005, respectively. The Delistng of the Company Shares from the Ludhiana Stock Exchange Association Limited (LSE) is under progress and is expected to come by the end of the Month.