VISHALEXPO

Vishal Exports Overseas Limited has informed the Exchange that on October 31, 2005, the Jt.Managing Director of the Company announced the result of the voting by postal ballot in respect of Special Resolution as mentioned in the notice dated September 14, 2005. The details of the results of the postal ballot is as follows : (a) Number of valid postal ballot forms received -2393; (b) Votes in favour of Resolution- 20,48,03,181; (c) Votes against Resolution - 14,585; (d) Number of Invalid postal ballot forms received - 94; The special resolution as mentioned above is therefore declared passed by

Vishal Exports Overseas Limited has informed the Exchange that pursuant to the provisions of Section 17 of the Companies Act, 1956 and as per Section 192A of the Companies Act, 1956, read with Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, the Company is seeking the consent of the members of the Company in respect of the Special Resolution for alteration of Object Clause of the Memorandum of Association of the Company. The company has appointed Mr. P K Modi, Chartered Accountants as Scrutinizer for conducting the postal ballot process. The duly completed postal ballot form

Vishal Exports Overseas Limited has informed the Exchange that the BOD's of the Company have at their meeting held on August 30, 2005, passed the resolution for the allotment of 24,00,00,000 Equity Shares of Re.1/- each as Bonus Equity shares. The Equity share capital after the said allotment has been increased from 12,00,00,000 Equity shares of Re.1/- each to 36,00,00,000 Equity shares of Re.1/- each.

Vishal Exports Overseas Limited has submitted to the Exchange a copy of the resolution passed at the meeting of the BODs of the Company held on August 30, 2005, resovling to capitalize an amount of Rs.24,00,00,000 standing to the credit of General Reserve Account of the company, in terms of the special resolution passed at the AGM of the company held on July 25, 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).

Vishal Exports Overseas Limited has submitted to the Exchange a copy of the Minutes of AGM of the company held on July 25, 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).

Vishal Exports Overseas Limited has informed the Exchange that following shareholders falling under Promoters Group have sold their shares of Vishal Exports Overseas Limited. The details are as follows: 1) Smt. Sonal D Mehta has sold 4751335 shares. 2) Smt. Kantaben S. Mehta has sold 2047760 shares. 3) Smt. Ushaben P. Mehta has sold 2440665 shares. 4) Smt. Raxa M. Doshi has sold 1247335 shares. 5) Smt. Rachana Y. Parikh has sold 1247335 shares. The post sale holding of the above named shareholders are NIL.

Vishal Exports Overseas Limited has informed the Exchange that Smt. Sonal D Mehta, shareholder of the Company has sold 25,50,000 equity shares aggregating to 2.125% of the share capital of the Company, the details of which are as follows: (i) sale of 450,000 shares on June 29, 2005; (ii) sale of 450,000 shares on June 30, 2005; (iii) sale of 450,000 shares on July 05, 2005; (iv) sale of 450,000 shares on July 13, 2005; (v) sale of 450,000 shares on July 18, 2005; (vi) sale of 300,000 shares on July 22, 2005. The shareholding of Smt. Sonal D Mehta after the said sale is 47,51,335 shares aggrega

Vishal Exports Overseas Limited has informed the Exchange that at the AGM of the members of the Company held on July 25, 2005, the members took the following decisions by passing the respective resolutions as listed in the Notice of the meeting dated June 14, 2005: 1) Declared the dividend @ 40% on paid up capital of 12,00,00,000 equity share of Re.1/- each i.e. 0.40 per equity share, total amounting to Rs.480.00 lacs. 2) Increased the Authorised Share Capital of the Company to Rs.75,00,00,000/- divided into 68,00,00,000 consisting of 68,00,00,000 equity shares of Re.1/- each and Rs.7,00,00,00

Further the members also approved the following by passing the respective resolutions: a) Reappointed Mr. Subhashchandra C. Mehta and Mr. Mayur B. Shah who retired by rotation. b) Appointed auditors of the company until the conclusion of the next AGM of the company. c) Appointed Mr. T. G. Natarajan as Director on the Board of the Company. d) Reappointed Mr. Subhashchandra C. Mehta as Chairman of the company for the period of 3 years, Mr. Pradeep S. Mehta as Managing Director for the period of 5 years and Mr. Dipak S. Mehta as Joint Managing Director for the period of 5 years, all w.e.f. July 0

Vishal Exports Overseas Limited has informed the Exchange that pursuant to the Special Resolution passed at the Annual General Meeting of the company, the Committee of Board of Directors of the company at its meeting held on July 25, 2005 has fixed August 26, 2005 as the "Record Date" for the purpose of determining the shareholders for the entitlement of and the allotment of the Bonus Equity Share in the ratio of 2 Bonus share for every 1 equity share held by them in the company.

Vishal Exports Overseas Limited has submitted to the Exchange a copy of the Notice of AGM of the Members of the company to be held on July 25, 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).

Vishal Exports Overseas Limited has submitted to the Exchange a copy of the Corporate Announcement being issued by the Company, titled "Vishal to set up 100 MW Wind Farm". 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).

Vishal Exports Overseas Limited has informed the Exchange that with regard to variation in the figure of deferred tax liability reported in unaudited financial result for the year ended March 31, 2005 amounting to Rs.925.93 lacs as compare to Audited result for the same period which shows the figure of Rs.617.30 lacs, the Company would like to clarify as under: In Finance bill 2005, which is substantially passed in May, 2005 tax rate has been reduced from 35% to 30% in view of which there is variation in the figure of Deferred Tax Liability reported in Unaudited Financial Results for the year

Vishal Exports Overseas Limited has informed the Exchange that the BODs at its meeting held on June 14, 2005, has approved Issue of Bonus Equity Shares in the ratio of Two equity shares for every One equity share held, subject to the approval of the shareholders at the ensuing Annual General Meeting.

Vishal Exports Overseas Limited has informed the Exchange that the BODs at its meeting held on June 14, 2005, have recommended dividend of 40% (i.e.Rs.0.40 per equity shares) for the year 2004-2005 subject to the approval of the Shareholder at the ensuing AGM. The Register of Members and Share Transfer Books of the Company will be closed from July 18, 2005 to July 25, 2005 (both days inclusive) for the purpose of determining shareholders entitled to payment of dividend for the year 2004-2005. The Annual General Meeting of the Company is fixed on July 25, 2005 to consider and approve Annual Fin

Vishal Exports Overseas Limited has informed the Exchange that the BODs at its meeting held on June 14, 2005 has taken under mentioned decisions: 1)Proposed re-appointment of Shri Subhashchandra C. Mehta as Executive Chairman, Shri Pradeep S. Mehta as Managing Director and Shri Dipak S. Mehta as Joint Managing Director of the company. 2)To raise further funds to augment its long term resources to expand upon the existing capacity in " Power Sector " through placement of issue by way of ADR / GDR / SDR / FCCB and / or issue of equity shares as may be decided.

Vishal Exports Overseas Limited has submitted to the Exchange a copy of the Corporate Announcement being issued by the Company, titled "Vishal to set up 7.5 MW Wind Farm at Andhiyur, Tamil Nadu". 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).

Vishal Exports Overseas Limited has informed the Exchange that M/s. Indian Renewable Energy Development Agency Ltd. vide their letter dated May 26, 2005 has withdrawn the nomination of Shri Inderjit Singh Anand from the Board of Directors of Vishal Exports Overseas Limited as nominee director with effect from the date of their said letter.

Vishal Exports Overseas Limited has submitted to the Exchange a copy of the Corporate Announcement being issued by the Company, titled "Vishal launches hydro project". 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).

Vishal Exports Overseas Limited has submitted to the Exchange a copy of the Corporate Announcement being issued by the Company, titled "Vishal Exports Overseas' Q4 net profit up 54.46% to Rs.11.43 crore". 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).

Vishal Exports Overseas Limited has informed the Exchange that one of the Directors of the company Mr. Devesh A. Bhatt has resigned from the post due to his personal reasons and the company has received a letter dated April 6, 2005 in that connection from the said Director. The Company has further informed that it has accepted his resignation on April 8, 2005.

Vishal Exports Overseas Limited has informed the Exchange that the Company's subsidiary company viz. Hateshwari Om Power Enterprises Pvt. Ltd. has successfully commissioned 1.00 mw. Small Hydro Power Project at Village Ching, District Shimla, Himachal Pradesh. The details of the announcement shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Vishal Exports Overseas Limited has informed the Exchange regarding a press release being issued by the Company, titled "Vishal Bags Rs.300 Crores Export Order". 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).

Vishal Exports Overseas Limited has informed the Exchange regarding a circular sent to the shareholders of the company regarding Subdivision of equity shares 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).

Vishal Exports Overseas Limited has informed the Exchange that the Committee of Directors have decided at its meeting held on February 09, 2005, fixed March 04, 2005, as Record Date for the purpose of subdivision of face value of equity shares of Rs.5/- each into Re.1/- each.

Vishal Exports Overseas Limited has informed the Exchange that at the EGM of the members of the company held on February 08,2005,the members have passed unanimously the Resolution approving the subdivision of equity shares face value from Rs.5/- per share to Re.1/- per share and the consequential amendment in the Memorandum of Association of the Company.

Vishal Exports Overseas Limited has informed the Exchange that an EGM of the Members of the company will be held on February 08, 2005, to transact the following business : (a) to sub divide the Company's equity share of Rs.5/- each in to the equity shares of Re.1/- each and to issue 5 equity shares with a face value of Re.1/- each for every 1 equity share of Rs.5/- each held by the members w.e.f. such date as may be decided by the BOD's / committee thereof authorized in this behalf; (b) the proposed subdivision of the face value, requires amendment to the Memorandum of Association of the compa

Vishal Exports Overseas Limited has informed the Exchange that the meeting of BODs was held on January 01,2005 in which the Board has approved the subdivision of equity shares of the company from the face value of Rs.5/- per share to Rs.1/- per share and to amend the Memorandum and Articles of Association accordingly subject to the approval of members of the company.

Vishal Exports Overseas Limited has informed the Exchange that the Company has posted a good result for the half year ended September 2004. The Company has achieved net sales of Rs.1061.05 Crores for the half year ended September 2004 as against Rs.757.13 Crores of the corresponding half year ended september 2003. Further the Net Profit of the Company has been increased considerably from Rs.13.38 Crores for the half year ended September 2004 to Rs.15.84 Crores of the corresponding half year. The Company has invested Rs.69.29 Crores in Windfarm Project set up in the State of Rajasthan and Tamil

Vishal Exports Overseas Limited has informed the Exchange that at its AGM held on September 30, 2004 the members have unanimously adopted and approved the following resolutions: 1) Dividend on equity shares @ 20%, 2) Re-appointment of Mr. Pradeep S Mehta and Mr. Dipak S Mehta as Directors. 3) Re-appointment of M/s. H J Parikh & Co. Chartered Accountants as Statutory Auditors of the company upto the next AGM. 4) Appointment of Mr. Devesh A Bhatt and Mr. Praful R Dave as Directors on the Board of the company. 5) The revision in remuneration of Mr. Subhashchandra C Mehta, Mr. Pradeep S Mehta and

Vishal Exports Overseas Limited has informed the Exchange that at the AGM of the company held on September 30, 2004 the members of the company have declared and approved dividend @20% on 2,40,00,000 Equity Shares of Rs.5/- each fully paid up.