SURANAIND

Surana Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on March 21, 2014 has accepted the Final Letter of Approval (LOA) dated March 13, 2013, issued by Corporate Debt Restructuring Empowered Group (CDR EG) approving the Corporate Debt Restructuring proposal submitted by the Company. The Board of Directors of the Company passed necessary resolutions for the implementation of the approved Corporate Debt Restructuring scheme.

Surana Industries Limited has informed the Exchange that the proposal of the Company regarding the restructuring of it's Debt has been approved by the CDR Empowered Group of Corporate Debt Restructuring Cell and Communicated vide its letter of Approval (LOA) dated February 26, 2014. Pursuant to terms and conditions of the LOA and CDR Package need to be implemented within 120 days from the LOA and the Master Restructuring Agreement to be executed between the Company and the Lenders, The Cuff-off date of CDR Package is June 01, 2013.

Surana Industries Limited has informed the Exchange regarding a press release dated June 28, 2011: "Surana Industries Ltd (SIL) announces that Surana Power Limited, its wholly owned Subsidiary company, has been authorized by SIL to investigate financing options to progress the completion of its Power Projects. It is intended that Surana Power Ltd will investigate a number of financing options, including, but not limited to, raising equity capital by way of a listing on an appropriate Stock Exchange. Further details will be released by SIL in due course".

Surana Industries Limited has informed the Exchange that "A press meet was organized by the company to appraise of the salient features of the Working of the company and to announce the successful launching of Foreign Currency Convertible Bonds to the extent of US$25 Million in two tranches. It was informed that the first tranch of US$14 million was fully subscribed and the second instalment of US$11 million will be taken within another ten days. The bonds are listed on the Luxembourg Stock Exchange and will be converted into Equity shares of Rs.140/- each. It was informed that the funds raise

Surana Industries Limited has informed the Exchange regarding a press release dated May 11, 2007, titled "Surana Industries finalises Boilers, ESP & Turbine for 35 MW Captive Power Plant". A copy of the press release 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/surana_PR_140507.zip target=NEW> For more details click here.</a>