VARUNSHIP

Varun Shipping Co. Ltd. has informed the Exchange that the Company has fixed February 08, 2006 as Record date for the purpose of payment of second interim dividend of Rs.1.50 per share. The Company has further informed that the second interim dividend will be payable on or after February 17, 2006.

Varun Shipping Co. Ltd. has informed the Exchange regarding a Press Release dated January 24, 2006 titled " Varun Shipping's 9 months profit up by 137 per cent; Declares Second Interim Dividend of 15 per cent ." The details 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).

Varun Shipping Co. Ltd. had informed the Exchange that Exmar Marine NV Led Consortium of which Varun Shipping Company Limited was a member, was short listed by Petronet LNG Limited (PLL) for time chartering of a LNG tanker for a period of 25 years. LNG tankers can now be flagged overseas as the earlier guidelines relating to LNG shipping which required such tanker to be flagged in India, have been kept in abeyance. Due to this change, PLL directed all the bidders to resubmit their price bids. Based on the re-submitted bids, Mitsui OSK Lines led consortium comprising of Shipping Corporation of

Varun Shipping Co. Ltd. has informed the Exchange that the Company along with its consortium partners, namely, Exmar Marine NV of Belgium, Tecto NV of Belgium and Indian Oil Corporation Limited have been shortlisted for the contract for time chartering an LNG tanker for a period of 25 years by Petronet LNG Limited. The approximate value of this contract is Rs. 3,200 crores. A new joint venture company will be established for owning and operating the LNG tanker by the consortium partners. The LNG tanker with a capacity of 156,100m3 will be built at Daewoo Shipbuilding & Marine Engineering Co. L

Varun Shipping Co. Ltd. has informed the Exchange that the company's subsidiary, VSC International Pte Ltd., has acquired a 1991 built LPG Carrier, Maharshi Bhavatreya on November 23, 2005.The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Varun Shipping Co. Ltd. has submitted to the Exchange a copy of the Chairman's letter dated November 07, 2005 mailed to all the shareholders of the Company. 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).

Varun Shipping Co. Ltd. has informed the Exchange that Khatau International Limited* has acquired 52,00,000 equity shares aggregating to 4.63% of the total share capital of Varun Shipping Company Limited on October 31, 2005. The mode of acquisition is Preferential allotment Conversion of OFCW's (Optionally fully convertible warrants) into equity shares) and the details of the shareholding after the acquisition is as follows: 1) Khatau International Limited - 32,084,243 equity shares aggregating to 27.35% of the total paid up capital of Varun Shipping Company Limited; and 2) Dilip D Khatau Gro

Khatau International Limited* has informed the Exchange that they have acquired 52,00,000 shares aggregating to 4.63% of the total share capital of Varun Shipping Company Limited on October 31, 2005. The mode of acquisition is Preferential allotment (Conversion of OFCW's into fully paid equity shares) and the details of the shareholding after the acquisition is as follows: 1) Khatau International Limited holds 32,084,243 shares aggregating to 27.35% of the total paid up capital of Varun Shipping Company Limited; and 2) Dilip D Khatau Group inclusive of Khatau International Limited holds 51,167

Varun Shipping Co. Ltd. has informed the Exchange that consequent to the exercise of option for conversion of 52,00,000 Optionally Fully Convertible Warrants (OFCWs) which were allotted on preferential allotment basis to Khatau International Limited, the Committee of Directors has on October 31, 2005 has issued and allotted 52,00,000 equity shares to Khatau International Limited.

Varun Shipping Co. Ltd. has informed the Exchange that the Company has acquired a 1991 built LPG Carrier,Maharshi Krishnatreya on October 24,2005.The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Varun Shipping Co. Ltd. has informed the Exchange that at the board meeting held on October 19,2005, the BODs have declared an interim dividend of 15 per cent (Rs.1.50 per share) on the equity share capital of the company for the year ending March 31,2006.

Varun Shipping Co. Ltd. has informed the Exchange that the company has fixed the record date on November 04, 2005 for the purpose of payment of interim dividend of Rs.1.50 per share.The interim dividend will be payable on or after November 16, 2005.

Varun Shipping Co. Ltd. has informed the Exchange that the Company has issued a press release dated October 19, 2005 titled 'Varun Shipping's six months' profit up by 146 per cent - Declares Interim Dividend of 15 Per cent'.The details 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/CorporateAnnouncements).

Members of the Exchange are hereby informed that 217230 partly paid equity shares of Varun Shipping Co. Ltd. has become fully paid up on receipt of balance call money. In view of the above, trading in the above fully paid up shares will be available for trading under the ISIN No. - INE702A01013 w.e.f. October 03, 2005.

Varun Shipping Co. Ltd. has informed the Exchange that Mr. Arun Mehta, Vice Chairman and Managing Director of the company has acquired 350,000 equity shares of Varun Shipping Company Limited on September 02, 2005. The mode of acquisition is allotment upon exercise of option of conversion on 350,000 Optionally Fully Convertible Warrants allotted on preferential basis. The shareholding of Mr. Arun Mehta after the said acquisition is 30,23,921 shares aggregating 2.70% of the post issue capital of Varun Shipping Co. Ltd..

Varun Shipping Co. Ltd. has informed the Exchange that consequent to the exercise of option for conversion of 3,50,000 Optionally Fully Convertible Warrants (OFCWs) which were allotted on preferential allotment basis to Mr. Arun Mehta, Vice Chairman & Managing Director of the Company, the Committee of Directors at its meeting held on September 2, 2005 has issued and allotted 3,50,000 equity shares to Mr. Arun Mehta.

Varun Shipping Co. Ltd. has informed the Exchange that the Company has acquired a 1991 built LPG Carrier, Maharshi Mahatreya on August 31, 2005. The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Varun Shipping Co. Ltd. has informed the Exchange that the Company and its subsidiary, VSC International Pte. Ltd., Singapore, have signed Memorandum of Agreements to acquire 3 LPG carriers. Details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Varun Shipping Co. Ltd. has informed the Exchange that the company has acquired its second Aframax tanker, namely, MT Amba Bhakti. The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Varun Shipping Co. Ltd. has submitted to the Exchange a copy of the Minutes of the AGM of the Company held on June 16, 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).

Varun Shipping Co. Ltd. has informed the Exchange that the Company has issued a press release dated July 07, 2005, titled 'Varun Shipping's Q1 profit up by 268 per cent'. The details 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/CorporateAnnouncements).

Varun Shipping Co. Ltd. has submitted to the Exchange a copy of the notice of AGM of the Company to be held on June 16, 2005. A copy of the notice of the AGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Varun Shipping Co. Ltd. has informed the Exchange that consequent to the exercise of option for conversion of 273,000 Optionally Fully Convertible Warrants (OFCWs) which were allotted on preferential allotment basis to Mr. Arun Mehta, Vice Chairman & Managing Director of the Company, the Committee of Directors at its meeting held on May 31, 2005 has issued and allotted 273,000 equity shares to Mr. Arun Mehta.

Varun Shipping Co. Ltd. has informed the Exchange that at the meeting of the BOD's held on April 28, 2005, the Directors recommended a final dividend of 20% on the equity share capital of the company in addition to the interim dividend of 10% which has already been paid for the year ended March 31, 2005. Further, the Company has issued a press release dated April 28, 2005, titled 'Varun Shipping's Net Profit Vaults Up By 128 Per Cent.' The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Se

Varun Shipping Co. Ltd. has informed the Exchange that the board has fixed the book closure from June 07, 2005 to June 16, 2005 for the purpose of payment of final equity dividend, if declared by the company. The company has further informed that the final dividend will be payable on or about June 21, 2005.

Varun Shipping Co. Ltd. has informed the Exchange that the company has acquired its eighth LPG Carrier, MAHARSHI DEVATREYA on April 25, 2005. The new vessel has a cargo carrying capacity of 35,559 cbm. With this acquisition, the company will now be operating a diversified fleet of 15 ships. The company's vessel acquisition was financed partly out of its own resources and partly out of long term loan from ICICI Bank Limited.

Varun Shipping Co. Ltd. has informed the Exchange that the company has acquired 2003 built Aframax Crude Oil Tanker, AMBA Bhavanee on March 28, 2005 having cargo carrying capacity of 107,081 DWT. The company will now be operating a diversified fleet of 14 vessels. The company has also signed a Memorandum of Agreement for purchase of 1990 built LPG carrier having 35559 cbm capacity. Delivery of the second vessel is expected before end of May, 2005. Total investment in both the vessels together will be around Rs.465 crores.

Varun Shipping Co. Ltd. has informed the Exchange that the Committee of Directors at its meeting held on March 23, 2005, has allotted Optionally Fully Convertible Warrants on preferential basis to the following: 1) 68,50,000 Optionally Fully Convertible Warrants ("OFCWs") of Rs.32.09 each of an amount aggregating to Rs.21,98,16,500 to Khatau International Limited, a promoter group company. 2) 6,23,000 Optionally Fully Convertible Warrants ("OFCWs") of Rs.32.09 each of an amount aggregating to Rs.1,99,92,070 to Mr. Arun Mehta, Vice Chairman & Managing Director of the company.

Varun Shipping Co. Ltd. has informed the Exchange that Mr. Bansi S. Mehta, has resigned from the BoDs of the company on March 21, 2005 due to other commitments.

Varun Shipping Co. Ltd. has informed the Exchange that the Committee of Directors at its meeting held on March 22,2005 has issued and allotted 27,00,000 Equity Shares on preferential basis to Transportation Infrastructure and Energy Investment, which is a sub-account of Matterhorn Advisory Singapore Pte Ltd., which is a Foreign Institutional Investor.

Varun Shipping Co. Ltd. has informed the Exchange that EGM of the company will be held on March 10, 2005 for issue of equity shares and optionally fully convertible warrants on preferential basis. The details of the notice of EGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Varun Shipping Co. Ltd. had informed the Exchange that the BOD's at its meeting held on January 17, 2005 considered and recommended to the shareholders the issue of securities on preferential basis to Foreign Institutional Investors and/or its sub-accounts, Khatau International Limited and Mr. Aurn Mehta. The Company has now informed that the Committee of Directors, which was authorized by the BOD's in this connection, at its meeting held on February 10, 2005 has determined the price and number of Equity Shares and Optionally Fully Convertible Warrants (OFCWs) as given below, which may be issu

Varun Shipping Co. Ltd. has informed the Exchange that the BOD's at its meeting held on January 17, 2005, have considered and recommended to the shareholders the following issue of securities on preferential basis: 1) Issue of equity shares of Rs.10 each at a premium to Foreign institutional Investors (FIIs) and/or its sub accounts upto an amount of Rs.9 crores; 2) Issue of Optionally Fully Convertible Warrants (OFCWs) to Khatau International Limited, which is a promoter group company upto an amount of Rs.22 crores; 3) Issue of OFCWs to Mr. Arun Mehta, Vice Chairman & Managing Director of the

Varun Shipping Co. Ltd. has informed the Exchange that the company has issued a press release on January 17, 2005 titled "Varun Shipping's 9 months profit up by 183 per cent". The details 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/CorporateAnnouncements).

Members of the Exchange are hereby informed that the trading in the partly paid up equity shares of Rs.5/- paid up (series-E1) of Varun Shipping Co. Ltd. shall be suspended w.e.f. January 05, 2005 ( i.e Closing hours of January 04, 2005) on account of payment of balance call money.

Varun Shipping Co. Ltd. has informed the Exchange that Mr. Arun Mehta,Vice Chairman and Managing Director, of the company has acquired 864979 shares of Varun Shipping Company Limited on December 07,2004.The mode of acquisition is allotment-rights issue. The shareholding of Mr. Arun Mehta after the said acquisition is 2400921 shares representing 2.21% of shares (post issue capital) of the company.

UTI Bank Ltd. has informed the Exchange that the rights issue of 36261591 equity shares of Varun Shipping Company Ltd. of the face value of Rs.10 each at premium of Rs.8 per share aggregating to Rs.6527.09 lakhs, which opened on October 18, 2004, has closed on November 17, 2004.

Varun Shipping Co. Ltd. has informed the Exchange that the company has issued a press release on November 16, 2004 titled "Varun Shipping Acquires Its Seventh LPG Carrier". The details 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/CorporateAnnouncements).

Varun Shipping Co. Ltd. has informed the Exchange that at its meeting held on October 18, 2004 the BOD have declared an interim dividend of 10% (Re.1 per share) on equity shares of Rs.10 each of the company for the year ending on March 31, 2005.

Varun Shipping Co. Ltd. has informed the Exchange that the company has fixed a Record Date on November 03, 2004 for the purpose of payment of interim dividend of Re.1 per share. The interim dividend will be payable on or after November 08, 2004.