TORRENTSEC

Torrent Power Sec Limited has informed the Exchange that Pursuant to the Composite Scheme of Arrangement including Amalgamation (Scheme) approved by the Honorable High Court of Gujarat, Torrent Power SEC Limited (TPSEC) - scrip code TORRENTSEC along with Torrent Power AEC Limited (TPAEC) and Torrent Power Limited (TPL) has fixed September 28, 2006 as the Record Date to determine the entitlement of shareholders of TPSEC to receive shares of TPL as per the exchange ratio stipulated in the Scheme. The Scheme in para 12.6 (e) has inter alia provided as under "�. Notwithstanding the foregoing, upon

Members of the Exchange are hereby informed that the trading in equity shares of Torrent Power SEC Limited shall be suspended w.e.f. September 21, 2006 (i.e. closing hours of trading on September 20, 2006) on account of Scheme of Arrangement including Amalgamation of Torrent Power AEC Limited and Torrent Power SEC Limited with Torrent Power Limited.

Torrent Power Limited has informed the Exchange that the Honorable High Court of Gujarat at Ahmedabad, vide Order dated July 12,2006 has sanctioned the Composite Scheme of Arrangement including Amalgamation between Torrent Power AEC Limited (TPAL), Torrent Power SEC Limited (TPSL) and Torrent Power Generation Limited (TPGL) with Torrent Power Limited (TPL) and their respective shareholders and creditors and reorganization of capital of Torrent Power Limited (the "Scheme") with effect from April 01,2005 (i.e. the Appointed Date under the Scheme). The aforesaid Order of the Honorable High Court

3) Consequently, TPL will issue and allot : i) 5.5 Equity shares of Rs. 10 each fully paid up for each Equity share of Rs. 10 each held in TPAL, ii) 11.75 Equity shares of Rs. 10 each fully paid up for each Equity share of Rs. 10 each held in TPSL, iii) 0.25 equity share of Rs. 10 each fully paid up for each Equity share of Rs. 10 each held in TPGL. The details 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).

Torrent Power Sec Limited has informed the Exchange that in terms of the authority delegated by the Board of Directors of the Company in its meeting held on July 19,2006 and in consultation with Torrent Power Limited, it is decided to fix September 28,2006 as the "Record Date" to determine entitlement of the Shareholders of Torrent Power SEC Limited for issue of Equity Shares of Torrent Power Limited.

Torrent Power Sec Limited has informed the Exchange that the Honorable High Court of Gujarat at Ahmedabad, vide Order dated July 12,2006 has sanctioned the Composite Scheme of Arrangement including Amalgamation between Torrent Power AEC Limited (TPAL), Torrent Power SEC Limited (TPSL) and Torrent Power Generation Limited (TPGL) with Torrent Power Limited (TPL) and their respective shareholders and creditors and reorganization of capital of Torrent Power Limited. The aforesaid Order of the Honorable High Court of Gujarat at Ahmedabad was filed by the Company with the Registrar of Companies, Guj

Torrent Power Sec Limited has informed the Exchange that Mr. A. B. Panchal, IAS, Joint Secretary to Government of Gujarat, Energy and Petrochemicals Department, has been appointed as a Government nominee Director on the Board of the Company with effect from July 19, 2006 vice Mr. R. C. Meena, IAS.

Torrent Power Sec Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad has passed an order on July 12, 2006 sanctioning the scheme of Arrangment including amalgamation u/s 100, 391 to 394 of the Companies Act, 1956, of Torrent Power SEC Limited, Torrent Power AEC Limited and Torrent Power Generation Limited with Torrent Power Limited. The formal order of the Hon'ble High Court in this respect is awaited.

Torrent Power Sec Limited has informed the Exchange that the Equity Shareholders, Unsecured Creditors and Secured Creditors of the company in their respective meetings held on June 06,2006, pursuant to the Order of the Hon'ble High Court of Gujarat dated May 01,2006 have approved with requisite majority, the Scheme of Arrangement including Amalgamation between Torrent Power AEC Limited and Torrent Power SEC Limited and Torrent Power Generation Limited with Torrent Power Limited and the Reorganisation of Capital of Torrent Power Limited.

Torrent Power Sec Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad, vide its order dated May 01,2006, has directed the convening of a meeting of the Equity Shareholders of Torrent Power SEC Limited to be held on June 06,2006 for the purpose of considering and, if thought fit, approving with or without modification(s) the Scheme of Arrangement including Amalgamation between Torrent Power SEC Limited, Torrent Power AEC Limited and Torrent Power Generation Limited with Torrent Power Limited.

Torrent Power Sec Limited has informed the Exchange that the Company has received the order from Gujarat Electricity Regulatory Commission at Ahmedabad (GERC) on the petition No. 859 / 2006 filed by Gujarat Urja Vikas Nigam Limited (GUVNL) revising the tariff being charged by GUVNL to Torrent Power SEC Limited (TPSL) by 10.56 paisa per unit approximately effective from April 01, 2006, which will result into the additional power purchase cost of Rs. 34 crores per annum to the Company. GERC, also directed TPSL to file its Annual Revenue Requirement for revision of its tariff being charged to its

Torrent Power Sec Limited has informed the Exchange that a meeting of the Board of Directors of Torrent Power SEC Limited (the "Company") was held in Ahmedabad on March 22,2006 to consider the recommendations of the Committee of Directors appointed for the purpose of developing a suitable model for the reorganization / restructuring of the business of the Company along with all other companies of the Torrent Group in the power sectors viz., Torrent Power AEC Limited and Torrent Power Generation Limited. The Board approved the proposal to amalgamate the entire business and undertaking of the Co

The Scheme also provides for the reorganization of the share capital of Torrent Power Limited subject to Section 100 and other applicable provisions of the Companies Act, if any, by way of reducing the face value of each equity share of Rs.10 each fully paid up to 1 (one) equity share of Rs. 2.50 each fully paid up and simultaneously consolidating 4 (four) equity shares of Rs.2.50/- each fully paid up into 1 (one) equity share of Rs.10/- each fully paid up pursuant to which the shareholding of the shareholders in Torrent Power Limited shall reduce proportionately. As a result, the shareholders

Torrent Power Sec Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on March 22, 2006, has, subject to the approval of the Registrar of Companies and such other approvals as may be required, decided to extend the current financial year which ends on March 31, 2006 to close on September 30, 2006 so that the balance sheet and the profit and loss account shall be compiled for a period of eighteen months ending on September 30, 2006.

Torrent Power Sec Limited has informed the Exchange that Mr. R.C. Meena, IAS, Joint Secretary to Government of Gujarat, Energy and Petrochemicals Department, has been appointed as a Government nominee Director on the Board of the Company w.e.f. February 20, 2006 vice Mr. Mahendra Patel.

Torrent Power Sec Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 24, 2006 has given its approval for commissioning study to evolve a suitable business model for the operations of the Company, including the possibility of reorganization / restructuring of existing operations / business of all the three companies of the Torrent Group in power sector viz., Torrent Power SEC Limited, Torrent Power AEC Limited and Torrent Power Generation Limited. The Board has appointed a committee of directors of the Company to appoint professional cons

Torrent Power Sec Limited has informed the Exchange that the following resolutions have been passed at the AGM held on July 29, 2005 : 1) Declaration of Dividend @ 36% i.e. Rs.3.60 per share. 2) Re-appointment of Mr. Sudhir Mehta as a Director of the Company. 3) Re-appointment of Mr. Markand Bhatt as a Director of the Company. 4) Re-appointment of M/s.A.F. Ferguson & Co. Chartered Accountants as an auditors of the company for the year 2005-06. 5) Appointment of Mr. Arun Kanchan, as the "Manager" of the Company within the meaning of Section 2(24) of the Companies Act, 1956 and designated as th

Torrent Power Sec Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company will remain closed from July 19, 2005 to July 29, 2005, both days inclusive for the purpose of dividend payment (i.e.36%) as declared by the BOD's of the Company.

Torrent Power Sec Limited has informed the Exchange that at the meeting of the BOD's of the Company held on June 23, 2005, it was decided to recommend equity dividend for the year ended March 31, 2005 at the rate of Rs.3.60 per equity share of Rs.10/- each on 93,01,896 equity shares (free of tax in the hands of shareholders).

Torrent Power Sec Limited has informed the Exchange that the name of the Registered Office bulding of Torrent Power SEC Limited has been changed from "Electricity House" to "Torrent House" with effect from June 15, 2005. The new address of the Registered Office of the Company is as follows: Torrent Power SEC Limited ,'Torrent House', Station Road, Surat- - 395003.

Members of the Exchange are hereby informed that the name of Surat Electricity Co. Ltd. shall be changed to Torrent Power SEC Limited and the trading symbol of the company be changed from SURATELEC to TORRENTSEC w.e.f. June 07, 2005.

Surat Electricity Co. Ltd has informed the Exchange that as per Annual Disclosure received from the Directors / Officers / Designated Employees of the Company / Records available with the Company, all Directors / Officers / Designated Employees (including their dependent family members, dependent parents, dependent children) are not holding any Equity Shares of the Company as at the last date of the financial year i.e March 31, 2005.

Surat Electricity Co. Ltd has informed the Exchange that Torrent Private Limited have acquired 2,14,004 Equity Shares aggregating to 2.30% of the total Equity Share Capital of Surat Electricity Co. Ltd. during the period from June 18, 2004 to March 22, 2005. The mode of acquisition is through Market Purchase and the shareholding of Torrent Private Limited after the said acquisition is 44,99,591 Equity Shares aggregating to 48.37% of the total Equity Share Capital of Surat Electricity Co. Ltd.

Surat Electricity Co. Ltd has informed the Exchange that Torrent Private Limited have acquired 1,87,244 shares aggregating to 2.01% of the total paid up capital of Surat Electricity Co. Ltd. The mode of acquisition is through Open Market and the shareholding of Torrent Private Limited after the said acquisition is 43,77,845 shares aggregating to 47.06% of the total paid up capital of the company.

Torrent Private Limited has informed the Exchange that they have acquired 187244 shares aggregating to 2.01% of the total paid up capital of Surat Electricity Co. Ltd. The mode of acquisition is through Open Market and the shareholding of Torrent Private Limited after the said acquisition is 4377845 shares aggregating to 47.06% of the total paid up capital of Surat Electricity Co. Ltd.

Surat Electricity Co. Ltd has informed the Exchange that Mr. Sudhir S. Shah has resigned as a Director of the company on February 21, 2005.

Surat Electricity Co. Ltd has informed the Exchange that Life Insurance Corporation of India (LIC) has sold 1,93,297 equity shares aggregating to 2.08% of the share capital of Surat Electricity Company Limited on February 15, 2005. The mode of sale is through market and the shareholding of LIC after the said sale is 10,57,323 equity shares aggregating to 11.37% of the share capital of the Company.

Surat Electricity Co. Ltd has informed the Exchange regarding issue of new share certificates without exchange of old certificates consequent upon the change of name of the company from The Surat Electricity Company Limited to 'TORRENT POWER SEC LIMITED'. For the specific purpose of issuing new share certificate, the company has decided to keep March 10,2005 as the record date. The company will be able to ascertain the names of the shareholders who are entitled to the new Share Certificates, shortly after the record date. After the record date, the old share certificates will not be valid and

Surat Electricity Co. Ltd has informed the Exchange that the name of company,The Surat Electricity Company Limited has been changed to "TORRENT POWER SEC LIMITED".

Surat Electricity Co. Ltd has informed the Exchange that the BOD's of the Company at its meeting held on January 19, 2005, appointed Mr. Arun Kanchan as the Manager of the Company within the meaning of Section 2(24) of the Companies Act, 1956 for a period of three years w.e.f. January 19, 2005 and designated Mr. Arun Kanchan as the 'Chief Executive Officer'.

Surat Electricity Co. Ltd has informed the Exchange that the BODs of the company at its meeting held on January 19,2005 appointed Mr.Arun Kanchan as the Chief Executive Officer of the Company w.e.f January 19,2005.

Surat Electricity Co. Ltd has informed the Exchange that Mr. S.K.Duggal has retired as Managing Director of the Company on December 31,2004 on the expiry of his term of employment.

Surat Electricity Co. Ltd has informed the Exchange that Vadodara Stock Exchange Limed, Vadodara (VSE) has approved in principle, voluntary delisting of the securities of the company w.e.f. November 10, 2004. The company has further stated that in view of the above, the company's securities will not be traded on VSE.

Surat Electricity Co. Ltd has informed the Exchange that Mr. Mahendra Patel, Joint Secretary to Government of Gujarat in Energy and Petrochemicals Department, has been appointed as a Government nominee Director on the Board of the Company with immediate effect vice Mr. R N Joshi, IAS.

Surat Electricity Co. Ltd has informed the Exchange of the following : 1) Mr. D J Patel resigned as a Director of the company w.e.f. September 24, 2004; 2) Mr. Sudhir Shah's appointment as a Director has been regularized by the Shareholders at the AGM held on September 24, 2004.

Surat Electricity Co. Ltd has informed the Exchange that the following Items/Resolutions have been passed at the AGM held on September 24, 2004 without any modification: (1) Declaration of Dividend @ 33% i.e. Rs. 3.30 per Share. (2) Re-appointment of Mr. Samir Mehta as a Director of the Company. (3) Re-appointment of M/s. A.F. Ferguson & Co. Chartered Accountants as an auditors of the Company for the year 2004-05. (4) Appointment of Mr. Sudhir Shah as a Director of the Company. (5) Change in Articles of Association of the Company. (6) Change in name of the Company from "The Surat Electricity C