VARDHMNSPG

Vardhman Spinning & General Mills Ltd has informed the Exchange that Mr. S.P. Oswal has resigned from the Office of Managing Director w.e.f. June 01, 2005. He, However, continues to be the Chairman and Director of the Company.

Vardhman Spinning & General Mills Ltd has informed the Exchange that the BODs in their meeting held on June 17, 2005 have recommended dividend of 20% on paid-up equity share capital of the company.

Vardhman Spinning & General Mills Ltd has submitted to the Exchange the annual statement of holdings of shares of the Company as on March 31, 2004 and March 31, 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).

Vardhman Spinning & General Mills Ltd has submitted to the Exchange a copy of the notice issued to the equity shareholders of the Company to surrender their shares certificates to the Company for cancellation and also to exercise the option to obtain fresh equity shares to be issued by the Company and Mahavir Spinning Mills Limited in dematerialized form. 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).

Members of the Exchange are hereby informed that the trading in equity shares of Vardhman Spinning & General Mills Ltd shall be suspended w.e.f April 13, 2005 (i.e. closing hours of trading on April 12, 2005) on account of Scheme of Arrangement and Demerger between Vardhman Spinning & General Mills Ltd. and Mahavir Spinning Mills Ltd.

Vardhman Spinning & General Mills Ltd has informed the Exchange of the Scheme of Arrangement and Demerger between Vardhman Spinning and General Mills Limited and Mahavir Spinning Mills Limited. The Details of the Scheme is as follows:- 1) The Scheme of Arrangement and Demerger, whereby the Textile business of Vardhman Spinning and General Mills Limited (Transferor Company) vests in Mahavir Spinning Mills Limited (Transferee Company) with effect from April 01, 2004 has been sanctioned by the Hon'ble High Court of Punjab and Haryana at Chandigarh vide its Order dated March 04, 2005 which has bee

5) Shareholders having shares in physical/certificate form shall have the option, to be exercised by way of giving a notice to the Transferor and Transferee companies, of having the fresh shares either in certificate form or in dematerialized form. This option can be exercised on or before April 22, 2005.

Vardhman Spinning & General Mills Ltd and Mahavir Spinning Mills Ltd has informed the Exchange that pursuant to the Scheme of Arrangement and Demerger between Vardhman Spinning & General Mills Ltd (Transferor Company) and Mahavir Spinning Mills Ltd (Transferee Company) as sanctioned by the Hon'ble High Court for the state of Punjab and Haryana,Chandigarh,Companies has fixed April 22,2005 as the record date for ascertaining the names of Equity Shareholders of Transferor Company entitled to receive the fresh equity shares of the Transferor Company in lieu of the retained shares in the Transferor

Clarification of News : The press had reports on September 07, 2004 that Mahavir Spinning Mills Limited is to be merged with Vardhman Spinning & General Mills Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.Vardhman Spinning & General Mills Limited has vide its letter inter-alia stated, "The Company vide its letter dated 1st September, 2004 informed the stock exchanges that a meeting of the Board of Direct