TUBEINVEST

Tube Investments Of India Ltd has informed the Exchange that the BODs at its meeting held on January 25, 2006 approved setting up of a green-field precision tube manufacturing facility in China at an estimated cost of US$ 6.5 Million.

Tube Investments Of India Ltd has submitted to the Exchange a copy of the proceedings of the AGM held on July 29, 2005. 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/CorporateAnnouncements).

Tube Investments Of India Ltd has informed the Exchange that the Company has divested its entire shareholding (181,431 equity shares) in Parry Agro Industries Ltd. to other Murugappa Group entities. The shares have been sold through the Bombay Stock Exchange Ltd. on December 14, 2005 for a total consideration of Rs.21.02 crores.

Tube Investments Of India Ltd has informed the Exchange that Mr. Adhiraj Sarin, Managing Director has submitted his resignation and the BODs of the Company has accepted the same at its meeting held on October 27, 2005.

Tube Investments Of India Ltd has informed the Exchange that Mr.M.M.Murugappan,director of the company has purchased 2,750 shares of Tube Investments Of India Ltd. as follows :- 1) Mr. M M Murugappan (HUF Account) has acquired 1500 shares on August 18, 2005. The mode of acquisition is Market Purchase and the shareholding of Mr. M M Murugappan(HUF Account) after the said acquisition is 71066 shares of the Company. 2) Mr. M M Murugappan (HUF Account of Mr. M M Muthiah) has acquired 1250 shares on August 18, 2005. The mode of acquisition is through Market Purchase and the shareholding of Mr. M M

Tube Investments Of India Ltd has informed the Exchange that the members of the Company at the AGM held on July 29, 2005, appointed Messers. Deloitte Haskins & Sells, Chartered Accountants as Statutory auditors of the Company. Messrs. Deloitte Haskins & Sells will hold office from the conclusion of the AGM till the conclusion of the next AGM.

Tube Investments Of India Ltd has informed the Exchange that the dividend of 70% (Rs.7 per share) recommended for the year 2004-05, is to be considered for declaration at the AGM scheduled on July 29, 2005. The dividend, if declared at the said AGM, will be paid on August 03, 2005.

Tube Investments Of India Ltd has informed the Exchange that the BODs of the Company at their meeting held on June 16, 2005, approved the sale of maximum of 94,86,619 equity shares of Cholamandalam Investment and Finance Company Ltd. representing 25% of its equity capital in favour of DBS Group, Singapore at a price not less than Rs.150/- per share. The Company has proposed to sell only 15.1% initially.

Tube Investments Of India Ltd has informed the Exchange that UTI Mutual Fund has acquired 7,61,582 shares of the company(aggregate purchase from February 04, 2005 to April 25, 2005) and accordingly their current total holding is 9.33% of the paid up capital of the company carrying voting rights.The details of the transaction shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Tube Investments Of India Ltd has informed the Exchange that the BODs at their meeting held on April 29, 2005, have recommended a dividend of 70% (Rs.7/- per share) for the F.Y. ended March 31, 2005. The company has further informed that the transfer books of the company will remain closed from July 15, 2005 to July 29, 2005 (both days inclusive) for the purpose of determining members eligible to receive the dividend. The AGM of the company will be held on July 29, 2005 to consider, interalia, appointment of M/s Deloitte, Haskins & Sells, Chartered Accountants as auditors of the company. The r

Tube Investments Of India Ltd has informed the Exchange that the Company has signed a Memorandum of Understanding with the Government of Orissa for setting up a steel plant. The Company has proposed to promote a separate company to implement the project. The implementation of the project is subject to necessary approvals.

Tube Investments Of India Ltd has informed the Exchange that UTI Mutual Fund has purchase 741,955 shares of the Company in the secondary market (aggregate purchase from January 29, 2005 to February 04, 2005) and hence the current total holding of UTI Mutual Fund is 7.27% of the paid up capital of the Company carrying voting rights.

Tube Investments Of India Ltd has informed the Exchange that UTI Mutual Fund has acquired 1,50,000 shares aggregating to 0.4060% of the total paid up capital of Tube Investments of India Ltd. on January 28, 2005. The mode of acquisition is through Open Market and the shareholding of UTI Mutual Fund after the said acquisition is 19,44,516 shares aggregating to 5.2626% of the total paid up capital of the Company.

UTI Asset Management Company Pvt.Ltd. has informed the Exchange that UTI Mutual Fund has acquired 1,50,000 shares aggregating to 0.4060% of the total paid up capital of Tube Investments of India Ltd. on January 28, 2005. The mode of acquistion is through Secondary Market Purchase. The total shareholding of UTI Mutual Fund after the said acquisition is 1944516 shares aggregating to 5.2626% of the total paid up capital of the Company.

Tube Investments Of India Ltd has informed the Exchange that at the Board meeting held on January 27, 2005, Mr. S. Sandilya has been appointed as additional Director on the Board of Directors of the Company with effect from January 27, 2005.

Tube Investments Of India Ltd has informed the Exchange that the High Court of Judicature at Madras has sanctioned the Scheme of Arrangement between TIDC India Limited (TIDC) and the company. The Scheme provides for the amalgamation of TIDC with the Company w.e.f. from April 01, 2004 (appointed date) and adjustment of deferred revenue expenditure against the securities premium account. The Scheme has become effective December 15, 2004.

Tube Investments Of India Ltd has informed the Exchange that Mr. Adhiraj Sarin, Managing Director of the company has sold 5625 equity shares of the company.

Tube Investments Of India Ltd has informed the Exchange that at the meeting of the equity shareholders of the Company held on October 21, 2004 pursuant to the Order of the High Court of Judicature at Madras approved the Scheme of Arrangement between TIDC India Limited and Tube Investments of India Limited.

Tube Investments Of India Ltd has informed the Exchange that the Hon'ble High Court of Judicature at Madras, has directed that a Meeting of the equity shareholders of the Company shall be held on October 21, 2004 for the purpose of considering and if thought fit, approving with or without modification, the Scheme of Arrangement proposed to be made between TIDC India Limited (the Transferor Company) and Tube Investments of India Limited (the Transferee Company) and their respective shareholders.