WELSPUNGUJ

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the Company has fixed the Record Date on April 28, 2005 to determine the names of the shareholders entitled to receive 7 equity shares of Rs. 5 each fully paid-up of the Company in lieu of 10 equity shares of Rs. 10/- each fully paid-up held by them in the Company in terms of the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. and Welspun Gujarat Stahl Rohren Ltd. and their respective creditors and members sanctioned by the Hon'ble High Court of Gujarat at Ahmedabad vide their order dated March 15, 2005.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the Company had applied to the Stock Exchange, Ahmedabad for delisting of its equity shares from Ahmedabad Stock Exchange. After completing the prescribed procedure required under SEBI Laws, the ASE has delisted Company's equity shares from the exchange. The Company has further informed that a letter dated February 14,2005 received from the ASE informing that the equity shares of the Company have been delisted from the ASE effective from February 18,2005.