WELSPUNGUJ

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Welspun Trading Ltd., together with the Persons Acting in concert with them, a constituent of the Welspun Promoter Group and the Persons Acting in Concert with them have acquired 16,33,333 shares aggregating 1.53% of the share capital of Welspun Gujarat Stahl Rohren Limited on May 03, 2005. The mode of acquisition is allotment pursuant to the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. and Welspun Gujarat Stahl Rohren Ltd., and their respective members and creditors.The shareholding of Welspun Trading

Welspun Trading Limited, a constituent of the Welspun Promoter Group(Acquirer) has informed the Exchange that they along with the Persons Acting in Concert with them, have acquired 16,33,333 shares aggregating 1.53% of the total paid up capital of Welspun Gujarat Stahl Rohren Limited on May 03, 2005. The mode of acquisition is allotment pursuant to the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. and Welspun Gujarat Stahl Rohren Ltd., and their respective members and creditors.The shareholding of Welspun Trading Limited along with the Persons Acting in Concert after th

Eupec PipeCoatings GmbH has informed the Exchange that they have acquired 54,36,667 shares aggregating 5.08% of the total paid up capital of Welspun Gujarat Stahl Rohren Ltd. on May 03, 2005. The mode of acquisition is pursuant to the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. (un-listed "Transferor Company") and Welspun Gujarat Stahl Rohren Ltd. (listed "Transferee Company"), and their respective creditors and members sanctioned by the Hon'ble High Court of Gujarat, the shareholder of the unlisted Transferor Company (in which Eupec PipeCoatings GmbH were also a shar

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Eupec PipeCoatings GmbH have acquired 54,36,667 shares aggregating 5.08% of the share capital of Welspun Gujarat Stahl Rohren Ltd. on May 03, 2005. The mode of acquisition is Allotment pursuant to the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. and Welspun Gujarat Stahl Rohren Ltd. and their respective members and creditors. The shareholding of Eupec PipeCoatings GmbH after the said acquisition is 85,65,523 shares aggregating 8.00% of the share capital of Welspun Gujarat Stahl Rohren Ltd.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the Company has issued a press release dated April 30, 2005 titled "Un-audited Financial Results for the year ended March, 05". 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).

Welspun Gujarat Stahl Rohren Limited had informed the Exchange that Welspun Trading Limited, a constituent of the Welspun Promoter Group alongwith the Persons Acting in Concert with them have sold 44,69,793 shares aggregating 3.16% of the share capital of Welspun Gujarat Stahl Rohren Limited on April 12, 2005. The company has now further informed that the said shares were sold to Eupec PipeCoatings GmbH, Germany, business partner of the Company.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Welspun Trading Limited, a constituent of the Welspun Promoter Group and the Persons Acting in Concert with them have sold 44,69,793 shares aggregating 3.16% of the share capital of Welspun Gujarat Stahl Rohren Limited on April 12, 2005 to Eupec PipeCoatings GmbH, Germany, business partner of the company. The mode of sale is Off Market sale and the shareholding of Welspun Trading Limited and the Persons Acting in Concert after the said sale is 4,76,47,657 shares aggregating 33.71% of the share capital of Welspun Gujarat Stahl

Welspun Trading Limited, a constituent of the Welspun Promoter Group has informed the Exchange that they along with the Persons Acting in Concert with them, have sold 44,69,793 shares aggregating 3.16% of the total paid up capital of Welspun Gujarat Stahl Rohren Limited on April 12, 2005. The mode of sale is Off Market sale and the shareholding of Welspun Trading Limited along with the Persons Acting in Concert after the said sale is 4,76,47,657 shares aggregating 33.71% of the total paid up capital of Welspun Gujarat Stahl Rohren Limited. The list of the Welspun Promoter Group and The Person

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Welspun Trading Limited, a constituent of the Welspun Promoter Group and the Persons Acting in Concert with them have sold 44,69,793 shares aggregating 3.16% of the share capital of Welspun Gujarat Stahl Rohren Limited on April 12, 2005. The mode of sale is Off Market sale and the shareholding of Welspun Trading Limited and the Persons Acting in Concert after the said sale is 4,76,47,657 shares aggregating 33.71% of the share capital of Welspun Gujarat Stahl Rohren Limited. The list of the Welspun Promoter Group and The Person

Members of the Exchange are hereby informed that the trading in equity shares of Welspun Gujarat Stahl Rohren Limited shall be suspended w.e.f April 20, 2005 (i.e. closing hours of trading on April 19, 2005) on account of Scheme of Arrangement between Welspun Gujarat Stahl Rohren Limited and Eupec - Welspun Pipe Coatings (India) Limited.

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 Eupec-Welspun PipeCoatings (India) Ltd. (an Un-listed Transferor Company) and the Company both have filed with the Registrar of Companies, Gujarat the Order of the Hon'ble High Court of Gujarat sanctioning the Scheme of Arrangement and hence the Scheme has come into effect from March 28, 2005.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Hon'ble High Court of Gujarat at Ahmedabad has sanctioned on March 15,2005 the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. and Welspun Guajarat Stahl Rohren Ltd. and their respective creditors and members comprising of the following: 1) Merger of Eupec-Welspun PipeCoatings (India) Ltd. (Un-listed company) with Welspun Guajarat Stahl Rohren Ltd. (Listed company) and consequential issue of 2 equity shares of Rs. 10/- each fully paid-up in Welspun Gujarat Stahl Rohren Ltd. for every 3 equity shares of Rs

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.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter / half year ended September 30, 2004 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the company has placed Fixed Rate Foreign Currency Convertible Bonds [FCCB's] of the aggregate size of US$ 40 mln on December 21, 2004. The particulars of FCCB's are as follows: [1] Coupon: 1% p.a. fixed rate. [2] Yield to maturity: 4.25% fixed rates. [3] Conversion premium: 22% on closing price of December 21, 2004. [4] Tenure: Bulleted redemption on March 31, 2010.

Welspun Gujarat Stahl Rohren Limited has announced the receipt of yet another prestigious order amounting to US$ 114 Mln,for 56"*-70 linepipe from Iran. This is the 3rd successive order exceeding US$ 100 mln, in last 6 months. With this, the company has established itself one of the few large diameter pipe manufacturers in the world. The Company has also received approval from "Total" of France, making Welspun as only company from India to receive such a preferred status. The company has further stated that the Management perceives that the order would substantially improve performance and pr

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the Company has received approval from 'Total' of France, one of the world's largest Oil & Gas majors under which the Indian company will be automatically entitled to bid for all tenders floated by 'Total' for its global pipeline projects. Welspun Gujarat is the only company from India to receive such a preferred status. 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 (/C

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that T Rowe Price Associates, Inc. has acquired 15,00,000 shares (1.06%) of the Company. The date of acquisition is November 09, 2004 and the mode of acquisition is through secondary market purchase. The shareholding of T Rowe Price Associates, Inc. after the said acquisition is 74,42,745 shares (5.27%) of Welspun Gujarat Stahl Rohren Limited.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the EGM of the company will be held on November 20,2004 to transact the following : The company is proposing to issue further equity shares/convertible instruments/securities for the purpose of funding its capital expansion plan and other financial requirements, the issued and paid-up equity share capital of the company is expected to increase beyond Rs.159,00,00,000 and accordingly it is proposed to increase the Authorised Share Capital of the company to Rs.254,00,00,000.00 divided into 18,50,00,000 equity shares of Rs.10/-

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that the BOD of the Company has transacted the following businesses in its meeting held on October 20, 2004 : 1) recommendation to the meeting of the general body for approval of issue oF Foreign Currency Convertible Bonds / GDRs / ADRs and / or any other securities convertible into equity shares of the aggregate sum upto US Dollars 50 mlns equivalent to Indian Rupees Rs.2300 mln (approx.) 2) consequential increase in Authorized Share Capital. 3) revision of the scope of the expansion project and consequential revision in the cost

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Grantham A/c GMO Emerging Markets Fund has sold 3,453,800 shares amounting to 2.44% of the paid up capital of Welspun Gujarat Stahl Rohren Limited. The date of sale is October 04, 2004 and the mode of sale is through secondary market sale. The shareholding of Grantham A/c GMO Emerging Markets Fund after the said sale is Nil shares.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange of the following : 1) Proceedings at the AGM held on September 30, 2004. 2) Approval of the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. and Welspun Gujarat Stahl Rohren Ltd. and their respective creditors and members. 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).

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Grantham A/c GMO Emerging Markets Fund has sold 27,47,000 shares (1.94%) and the shareholding after sale is 35,43,800 shares (2.50%). The date of sale is September 20, 2004 and the mode of sale is through secondary market sale.

Clarification of News : The press had reports on March 02, 2004 that Welspun Gujarat Stahl Rohren Limited will shortly execute the Rs 1200 crore order of GAIL (India). 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. Welspun Gujarat Stahl Rohren Limited has vide its letter inter-alia stated, "In this connection, we wish to inform you that GAIL has only floated a tender recently for a pipeline project of similar valu