General Investor Information

M/S Intime Spectrum Registry Limited (ISRL) are acting as the Registrar & Share Transfer Agents of the Company. Investor grievances are handled by ISRL in consultation with the Secretarial department of the company. Share transfer in the physical form is presently registered and returned to the shareholders within 15 days of receipt of valid documents. The Share Transfer & Investor Grievance Committee looks into the various issues relating to share transfer and investor grievances and meets once a month to review the same.

Requests for share transfer, sub-division, consolidation and issue of duplicate share certificates and any investor grievances can be addressed to the Registered Office, the Casablanca office of the company or the office of the Registrar & Share Transfer Agents.

 

The following email address of the Compliance Officer has been designated exclusively for registering complaints of the investors: investorgrievance_cell@ispatind.com

The investors may send their grievances on the said email address. They may also send their grievances on the email address of the Company's Registrar & Share Transfer Agents, M/S ISRL as under: helpline@intimespectrum.com


Scheme of Reconstruction & Amalgamation

Upon sanction of Scheme of Reconstruction and Amalgamation between Ispat Industries Ltd. and Ispat Metallics India Ltd. and its members and creditors (Scheme), by respective jurisdictional High Courts at Calcutta and Bombay, and compliance of other legal formalities, the Scheme has become effective from 26th October, 2005. Accordingly, the capital of Ispat Industries Ltd. (IIL) has been reconstructed and Ispat Metallics India Ltd. (IMIL) is merged with IIL.

In terms of the Scheme, 40% of the Equity Shares of the Company existing prior to implementation of the Scheme, i.e. 692590311 Equity Shares, stands converted into 0.01% Cumulative Redeemable Preference Shares of Rs.10/- each (0.01% CRPS). Accordingly, the said 692590311 Equity Shares of Rs.10/- each stands reorganized as under :-

i. 41,55,54,187 Equity Shares of Rs.10/- each
ii. 27,70,36,124 – 0.01% CRPS of Rs.10/- each

Further, the following shares have also been issued pursuant to the said Scheme:-

(i) 22,02,00,000 Equity Shares of Rs.10/- each at par to the Promoters of the Company.

(ii) 8,68,00,000 – 0.01% CRPS of Rs.10/- each at par to the Promoters of the Company.

(iii) 24,17,79,890 Equity Shares of Rs.10/- each at par to the Lenders of the Company towards conversion of Rupee Term Loans amounting to Rs.241,77,98,900/-.

(iv) 34,49,08,141 Equity Shares of Rs.10/- each at par to the Equity Shareholders of erstwhile IMIL in the ratio of one equity share of Rs.10/- each of IIL for one equity share of Rs.10/- each held in IMIL, consequent upon merger of IMIL with IIL.

(v) 12,20,72,720 – 0.01% CRPS of Rs.10/- each at par to the 0.01% CRPS holders of erstwhile IMIL in the ratio of one 0.01% CRPS of Rs.10/- each of IIL for one 0.01% CRPS of Rs.10/- each held in IMIL, consequent upon merger of IMIL with IIL.

(vi) 1,36,00,000 – 12% CRPS of Rs.100/- each at par to the 12% CRPS holders of erstwhile IMIL, in the ratio of one 12% CRPS of Rs.100/- each of IIL for one 12% CRPS of Rs.100/- each held in IMIL, consequent upon merger of IMIL with IIL.

The terms of 0.01% Cumulative Redeemable Preference Shares are as under :-

1. Dividend

(i) The Preference Shares shall carry dividend of 0.01% per annum.

(ii) The dividend will accrue at the end of each year with effect from 1stOctober, 2002 (the “Restructuring Appointed Date” under the Scheme).

(iii) The dividend shall become due and payable from June 15, 2018 until the redemption of the Preference Shares.

2. Redemption

The Preference Shares shall be redeemed in eight quarterly installments commencing from June 15, 2018.

The Equity Shares and 0.01% Cumulative Redeemable Preference Shares (0.01% CRPS) of the Company, issued pursuant to Scheme of Reconstruction and Amalgamation (Scheme), have been listed and admitted to dealings on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited with effect from Thursday, April 20, 2006.

The said Equity Shares and 0.01% CRPS are tradeable in dematerialized mode only. The Equity Shares and 0.01% CRPS have been admitted with both the Depositories, namely, National Securities Depository Limited and Central Depository Services (India) Limited. New ISIN Nos. have been allocated for dealing in the Equity Shares and 0.01% CRPS of the Company. The new ISIN Nos. are as under :-

1) For Equity Shares – INE 136A01022
2) For 0.01% CRPS – INE 136A04034

The shares in the dematerialized form, post-Scheme, have been credited in the beneficiary accounts of the respective Shareholders under the aforementioned new ISIN Nos. The old ISIN No. 136A01014, for the Equity Shares of the Company issued prior to implementation of the Scheme, has been deactivated and is no more effective.

New Share Certificates have been issued and dispatched to the respective Shareholders in respect of shares in physical form, post-Scheme, without requiring surrender of the old Equity Share Certificates of the Company. Accordingly, the old share certificates shall stand cancelled.

Results of Postal Ballot Declared on 18th April, 2007

Pursuant to Section 192A of the Companies Act, 1956, read with Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, consent of the members was sought by means of voting by Postal Ballot in respect of the following:-

Proposed Resolution No.1: Increase in Borrowing Limits, pursuant to Section 293(1)(d) of Companies Act, 1956.

Proposed Resolution No.2: Creation of Charge, pursuant to Section 293(1)(a) of Companies Act, 1956.

Notice containing the proposed resolutions together with the Explanatory Statement setting out the material facts was sent to all the shareholders of the Company. The Company had appointed Mr. Rajiv Lall, Advocate, Calcutta High Court, as the Scrutinizer for conducting the Postal Ballot. After completion of the scrutiny of the Ballot Papers, the Scrutinizer had submitted his report to the Chairman of the Company. Based on the Scrutinizer’s Report, the results of Postal Ballot were declared on Wednesday, 18th April, 2007 at 3.00 P.M. at the Registered Office of the Company, as follows:-
 

S.N.	Particulars	Resolution No.1	Resolution No.2
1.	Number of Valid Postal Ballot forms received	5976	5976
2.	Votes in favour of the resolution	860588452	860563022
3.	Votes against the resolution	392538	406325
4.	Percentage of Votes in favour   of the resolution	99.95	99.95
5.	Result	Approved by requisite majority	Approved by requisite majority

Member of IISI | ISA | INSDAG