Comments
Dear Sir,
I had purchsed total 3400 shares named Sri Dhramdeo Prasad and Hare Krishna
on 14.02.1995 by DD No-009888 and 009889 (BOI Branch), but now i don't know what is the status of my that shares. These shares were purchased by KARVEY Group.certificate no -A8770590 and A9170576
Kindly Inform me for same.
Thanks & Regard
Hare Krishna
Suryanagar Road No 2
B.T Road
Ramgarh Cantt-829122 (Jharkhand)
(NEW ADDRESS)
I had purchsed total 3400 shares named Sri Dhramdeo Prasad and Hare Krishna
on 14.02.1995 by DD No-009888 and 009889 (BOI Branch), but now i don't know what is the status of my that shares. These shares were purchased by KARVEY Group.certificate no -A8770590 and A9170576
Kindly Inform me for same.
Thanks & Regard
Hare Krishna
Suryanagar Road No 2
B.T Road
Ramgarh Cantt-829122 (Jharkhand)
(NEW ADDRESS)
Dear Sir,
I have purchased the shares of Jindal Vijayanagar Steel Ltd. from Arvind Mills Ltd. and shares had been transferred in my name on 30.07.1996. through Karvy Consultant Ltd. My share Certificate Nos. are[protected], 3965468, 3965496,[protected], each of 100 shares, i.e.total 1000 shares. I have got no any informations from your company as my address has been changed and now my new address is :
Mr. Gyan Narayan
C/O Kailash Vastralaya
hathuwa Market
Chapra-841301. Bihar.
So, Now please u make any correspondence on my this new address.
Most important that I have not received any bonus, any devident or any information, and now I want to sale all my shares. So, please guide that what I should do to sale my shares. I am waiting for your guidelines and earliest response.
Thanking you
Sincerely yours
Gyan Narayan
Folio No. JVS1431794.
Kailash Vastralaya
hathuwa Market
Chapra-841301
Mob.[protected].
I have purchased the shares of Jindal Vijayanagar Steel Ltd. from Arvind Mills Ltd. and shares had been transferred in my name on 30.07.1996. through Karvy Consultant Ltd. My share Certificate Nos. are[protected], 3965468, 3965496,[protected], each of 100 shares, i.e.total 1000 shares. I have got no any informations from your company as my address has been changed and now my new address is :
Mr. Gyan Narayan
C/O Kailash Vastralaya
hathuwa Market
Chapra-841301. Bihar.
So, Now please u make any correspondence on my this new address.
Most important that I have not received any bonus, any devident or any information, and now I want to sale all my shares. So, please guide that what I should do to sale my shares. I am waiting for your guidelines and earliest response.
Thanking you
Sincerely yours
Gyan Narayan
Folio No. JVS1431794.
Kailash Vastralaya
hathuwa Market
Chapra-841301
Mob.[protected].
siri am having 100 sharesof jindal vijaynagar steel ltd certificate no3228238 dist no [protected]-[protected], regd folio no jvso407951as the shares are convertted in JSWL.sofar i have not received any letter .14 year is past please advice and help.please call me on [protected] .
b k singh
b k singh
jindal vijayanagar steel ltd — not recieving new certificate
i have 600 share certificates of jindal vijayanagar steel ltd which i had purchased in 1995.the details of share certificatereg folio no jvs8011986 certi no 7129808 dist no [protected] - [protected]
certi no 7129809 dist no [protected] - [protected]
certi no 7129810 dist no [protected] - [protected]
certi no 7129811 dist no [protected] - [protected]
certi no 7129812 dist no [protected] - [protected]
certi no 7129813 dist no [protected] - [protected].
name of share holders mukund mehta
miksha mehta
i have not recieved the new certificate of these shares so i am not able to demat it. please send me the new certi on my following address.
G- 504.Indraprasth -5
near surdhara bunglows- 2.
Prahaladnagar.
Ahmedabad 380015.
Gujarat
To
KARVY COMPUTER SHARE PVT LTD
51/2 T K N COMPLEX
VANIVILAS ROAD
Opp: NATIONAL COLLEGE
BASAVANAGUDI
BANGOLORE
560004
Sir
Sub:- JINDAL VIJAYANAGAR STEEL LTD - Change of address –Reg
Ref;- Folio No JSWO 236825 Certificate No 236823
I B.ASI BABU, certificate holder with certificate No. 236823 request you to change my postal address to my permanent address as given below as I am retiring from service after super-annuation.
Yours faithfully,
(B.ASI BABU).
Permanent Address:
B.ASIBABU
Upstairs of telephone exchange
PERAVALI
West Godavari District
Andhra Pradesh
Pin-534328
Phone[protected]
Cell [protected]
Bank Account No
STATE BANK OF INDIA
St John’s Road
SECUNDERABAD
KARVY COMPUTER SHARE PVT LTD
51/2 T K N COMPLEX
VANIVILAS ROAD
Opp: NATIONAL COLLEGE
BASAVANAGUDI
BANGOLORE
560004
Sir
Sub:- JINDAL VIJAYANAGAR STEEL LTD - Change of address –Reg
Ref;- Folio No JSWO 236825 Certificate No 236823
I B.ASI BABU, certificate holder with certificate No. 236823 request you to change my postal address to my permanent address as given below as I am retiring from service after super-annuation.
Yours faithfully,
(B.ASI BABU).
Permanent Address:
B.ASIBABU
Upstairs of telephone exchange
PERAVALI
West Godavari District
Andhra Pradesh
Pin-534328
Phone[protected]
Cell [protected]
Bank Account No
STATE BANK OF INDIA
St John’s Road
SECUNDERABAD
I WANT TO KNOW THE STATUS OF MY SHARE CERTIFICATE NO 236823 OF jindal vijayanagar steel ltd BY e mail
For querries related to Equity Shares of Jindal Vijayanagar Steel Ltd, kindly get in touch with the Regristrars, details of which are furnished below:
Registrars
Karvy Computershare Private Ltd. Plot No. 17-24, Vittal Rao Nagar, Madhapur,
Hyderabad 500086
Andhra Pradesh
Tel:[protected]
Fax: 23420814, 23311968
Email: [protected]@karvy.com
Website: www.karvycomputershare.com
Rgds,
Nitin
Registrars
Karvy Computershare Private Ltd. Plot No. 17-24, Vittal Rao Nagar, Madhapur,
Hyderabad 500086
Andhra Pradesh
Tel:[protected]
Fax: 23420814, 23311968
Email: [protected]@karvy.com
Website: www.karvycomputershare.com
Rgds,
Nitin
hi sir i m raj parekh i have 1000 physical shares of pithampur steels ltd. but those shares are on not my name but i have transfer deed of every certificate on that selller was sign in year 1994 but now company says this all certificate are partly paid up now tell me what to do.
raj parekh
[protected]
raj parekh
[protected]
one of my friend, his father had 500 shares of vijaynagar ltd in physical form.as his father has been expired, now his son wanted to transfer those shares into his name.kindly inform me the procedure.
[protected]
[protected]
Dear sir
I HAVE PURCHASED 1100 SHARES OF JINDAL VIJAYNAGAR STEEL PA, IT MERGED TO JSWL. CAN I AM ENTITLED TO RECEIVE THE SHARES OF
JSW STEEL IN CONVERSION RATIO? I HAVE NOT RECEIVE ANY SHARE JSW STEEL .WHAT IS PROCESIOR OF GETTING THESE SHARE
PL REPLY.
SHAILESH PATEL
I HAVE PURCHASED 1100 SHARES OF JINDAL VIJAYNAGAR STEEL PA, IT MERGED TO JSWL. CAN I AM ENTITLED TO RECEIVE THE SHARES OF
JSW STEEL IN CONVERSION RATIO? I HAVE NOT RECEIVE ANY SHARE JSW STEEL .WHAT IS PROCESIOR OF GETTING THESE SHARE
PL REPLY.
SHAILESH PATEL
PITTSBURGH IRON & STEEL LTD — transferred shares not received
Company is not sending my shares already transferred in my favour since last 12 years. as per their requirement i have send them Indemnity bond duly signed & executed twice, even they not sending my shares. Registrar
Jindal Vijayanagar steel
Sub:- Information about share of Jindal Vijayanagar steel
Sir,
I have 200 shares of Jindal Vijayanagar steel (share certificate) and 100 shares of Jindal Vijayanagar steel [Debenturre certificate - Non convertible (Part-B)].I want to dement it.
The details of shares are given below.
Folio No. Certificate No. Distinctive No. QTY.
JVS[protected] [protected]-[protected] 100
JVS[protected] [protected]-[protected] 100
JVD[protected] [protected]-[protected] 100
please let me know what should I do for the same.Thanking you.
my email add. satya.[protected]@gmail.com
Jindal Vijayanagar steel
Sub:- Information about share of Jindal Vijayanagar steel
Sir,
I have 200 shares of Jindal Vijayanagar steel (share certificate) and 100 shares of Jindal Vijayanagar steel [Debenturre certificate - Non convertible (Part-B)].I want to dement it.
The details of shares are given below.
Folio No. Certificate No. Distinctive No. QTY.
JVS[protected] [protected]-[protected] 100
JVS[protected] [protected]-[protected] 100
JVD[protected] [protected]-[protected] 100
please let me know what should I do for the same.Thanking you.
my email add. satya.[protected]@gmail.com
Registrar,
(Unit:Jindal Vijayanagar Steel ltd.)
Karvy consultants limited
GIRIJA TOWERS, 145, 6th A-C main (4th Floor)
Jayanagar, Bangalore
Sub.:- JINDAL VIJAYANAGAR STEELS LTD-NON-CONVERTIBLE DEBENTURES
Ref.:- Folio No. (i) JVD 0090542, (Cert No.-555076, Dist No.[protected]- [protected]) - 100Nos
(ii) Folio No. JVD 0090543, (Cert Nos.- 555077 and 555078, Dist Nos. [protected]- [protected] and [protected]- [protected] resply.)-200Nos.
I am holding 300 nos. fully paid up (@Rs.20/-) of non-convertible (Part-B) debentures of JINDAL VIJAYANAGAR STEEL LTD. in paper form, issued on 15.4.1995. As per the terms and conditions the same have matured and were to be redeemed at the end of 6th, 7th, 8th and 9th year from date of issue i.e. by 2004. On verification of my records, I find that I have not received the redemption amount for the above referred debentures. It is likely the same might have been returned undelivered due to change in my address. You are requested to please check your records and advice the action to be taken on my part.
Thanking you,
Yours faithfully,
(ASHOK KUMAR GOEL)
(Unit:Jindal Vijayanagar Steel ltd.)
Karvy consultants limited
GIRIJA TOWERS, 145, 6th A-C main (4th Floor)
Jayanagar, Bangalore
Sub.:- JINDAL VIJAYANAGAR STEELS LTD-NON-CONVERTIBLE DEBENTURES
Ref.:- Folio No. (i) JVD 0090542, (Cert No.-555076, Dist No.[protected]- [protected]) - 100Nos
(ii) Folio No. JVD 0090543, (Cert Nos.- 555077 and 555078, Dist Nos. [protected]- [protected] and [protected]- [protected] resply.)-200Nos.
I am holding 300 nos. fully paid up (@Rs.20/-) of non-convertible (Part-B) debentures of JINDAL VIJAYANAGAR STEEL LTD. in paper form, issued on 15.4.1995. As per the terms and conditions the same have matured and were to be redeemed at the end of 6th, 7th, 8th and 9th year from date of issue i.e. by 2004. On verification of my records, I find that I have not received the redemption amount for the above referred debentures. It is likely the same might have been returned undelivered due to change in my address. You are requested to please check your records and advice the action to be taken on my part.
Thanking you,
Yours faithfully,
(ASHOK KUMAR GOEL)
Dear all
Those who wish to know about Jindal Vijayanagar steel ltd(JVSL) Jindal Iron steel co(JISCO) and Jindal south west (JSW steel) MERGER and SWAP RATIO of shares, here i am pasting the letter of JISCO to NSE, dated FEb 4, 2005 for your better understanding and Knoweledge. I found the matter on google search on the internet.http://www.jisco.com/notice8feb05.htm. Please read the pasted matter here completely and understand for your benefit, which is as follows:-
JISCO:SEC:SEs:139
February 4, 2005
National Stock Exchange of India Ltd.
Exchange Plaza
Plot No. C/1, G Block
Bandra - Kurla Complex
Bandra (E)
Mumbai - 400 051
Phone No.[protected]
Fax No.:[protected]
Ref : Company Symbol : JINDALIRON
Dear Sir,
Further to our Letter No.JISCO: SEC:SEs:134 dated January 28, 2005 and in compliance with Clause 16 and other applicable provisions of the Listing Agreement, we hereby inform you that Friday, the 25th day of February, 2005 has been fixed as the record date for the purpose of drawing up the list of shareholders of the Company (JISCO) to whom shares in Jindal South West Holdings Limited(JSWHL) and Jindal Vijayanagar Steel Limited (JVSL) are to be issued and allotted pursuant to the Scheme of Arrangement and Amalgamation between the Company, Jindal Vijayanagar Steel Limited & Jindal South West Holdings Limited ("the Scheme").
We enclose herewith the following:
1. The copies of the Orders of the Hon'ble Bombay & Karnataka High Courts sanctioning the Scheme dated 3rd September 2004 and 20th January 2005 respectively.
2. Copy of Form 21 alongwith proof of filing with the Registrar of Companies, Maharashtra, Mumbai & Registrar of Companies, Karnataka, Bangalore.
In terms of the sanctioned Scheme of Arrangement, the equity shareholders of the company on the Record Date will be issued:
a) One equity share of JSWHL of the face value of Rs.10/- each for every four equity shares held by them in JISCO as laid out under clause 9 of Part 2 of the scheme.
b) One Equity share of JVSL of the face value of Rs.10/- each for every one equity share of Rs.10 each held by them in JISCO as envisaged under clause 28 of Part 4 of the Scheme, after the reorganisation of the Capital of JVSL as per the Scheme.
The Equity shares to be electronically credited as aforesaid to holders of Shares in Demat mode will be under a New ISIN Number for which JVSL will be approaching the concerned depositories.
The salient features of the Scheme as intimated to you vide our Letter No.JISCO:SEC:VSG:390 dated November 13, 2003, are once again reproduced below:
1. Demerger of the Investment Division (including equity holding in Jindal Vijayanagar Steel Limited) of Jindal Iron & Steel Company Limited (‘JISCO’) into Jindal South West Holdings Limited (‘JSWHL’):
1.1 In consideration, the Equity Shares will be issued to the Shareholders of JISCO in the ratio of 1(one) equity share of JSWHL for every 4(four) equity shares held by them in JISCO.
1.2 No Liabilities will be transferred alongwith the Investment Division
1.3 The Investment Division of JISCO would be subject to subsisting charges and pledges, if any.
1.4 The shares of JSWHL will be listed on the Stock Exchange, Mumbai, the National Stock Exchange and Delhi Stock Exchange
1.5 The Appointed Date for the demerger is April 1, 2003
2. Reorganisation of the Share Capital of Jindal Vijayanagar Steel Limited (‘JVSL’). The steps involved in the re-organisation of the capital are summarised below:
2.1 As contemplated in the Corporate Debt Restructuring package (‘CDR’) approved by the lenders of JVSL, the Scheme provides for the conversion of 4(four) equity shares out of every 10(ten) equity shares held by the equity shareholders of JVSL into 4(four) 0.01% Cumulative Redeemable Preference Shares (‘CRPS’) of Rs. 10 each.
The 0.01% CRPS shall be converted into equity shares of Rs. 10 each in the ratio of 1 (one) equity share for every 4 (four) CRPS held by the shareholders resulting in allotment of 12, 91, 01, 550 equity shares.
2.2 JVSL shall allot 1(one) warrant in respect of every 7(seven) equity shares held by its shareholders other than on shares allotted as in 2.1 and 2.3. The holder of the warrant will have a right to apply and be allotted 1(one) equity share of JVSL for each warrant held by the shareholder. The warrant holder will be entitled to apply for the equity share on or before 1st April, 2006 as may be decided by the Board of Directors and will be required to pay Rs. 10 per equity share (at par).
2.3 As contemplated in the CDR, Rs. 4, 56, 88, 22, 570, of debt shall be converted into 45, 68, 82, 257 equity shares of Rs. 10 each of JVSL. These shares will not be liable to conversion as in 2.1.
2.4 After giving effect to the aforesaid re-organisation of capital of JVSL, the paid up value of the entire reorganised capital will be reduced by Rs. 9.375 per share. Thereafter the equity shares would be consolidated into fully paid up shares of Rs. 10 each resulting in the reduction in the number of equity shares.
2.5 Pursuant to the aforesaid reduction, the warrant entitlement as in 2.2 above will also have to be adjusted proportionately. Therefore, effectively, JVSL shall allot 1(one) warrant in respect of every 112 equity shares held by its shareholders. The holder of the warrant will have a right to apply and be allotted 1(one) equity share of JVSL for each warrant held by the shareholder. The warrant holder will be entitled to apply for the equity share on or before 1st April, 2006 as may be decided by the Board of Directors. However, each warrant holder will be required to pay Rs. 160 per equity share (including premium of Rs. 150 per share). If all warrants are exercised 1, 15, 26, 924 equity shares shall be issued for an aggregate subscription of Rs. 184.42 crores.
3. The amalgamation of the Company (excluding the Investment Division) into JVSL:
3.1 The share exchange ratio for the amalgamation is 16 (Sixteen) equity shares of Rs. 10 each of JVSL for 1 (One) equity share of Rs. 10 each held by the shareholders of JISCO.
3.2 However, since the Scheme envisages reduction of capital of JVSL (as in 2.4), the exchange ratio shall be adjusted to one equity share of Rs. 10 each of JVSL for one equity share of Rs. 10 each held by the shareholders of JISCO.
3.3 The Appointed Date for the Scheme is April 1, 2003.
3.4 On the Scheme being effective, the name of JVSL shall be changed to that of the company i.e. ‘Jindal Iron & Steel Company Limited’
The Illustrative Chart of Share entitlements as per the Scheme is given below:
JISCO Shareholder for every 100 Shares held on Record Date JVSL Shareholder for every 100 Shares held on Record Date JVSL Shareholder for every 112 Shares held on Record Date
No. of shares inJVSL (After reorganisation of JVSL's Equity Capital) No of shares in JSWHL No. of shares in JVSL (After reorganisation of JVSL's Equity Capital) One Share warrant with right to apply and be allotted one Equity Share of Rs.10/-each of JVSL upon payment of Rs.160 per equity Share (Rs.10 face value+Rs.150 share premium).The warrant holder will be entitled to apply for the equity share on or before 1st April, 2006 as may be decided by the Board of Directors. Warrants are tradable and will be Listed.
100 25 4.375
A Brief Background of the Companies is also given below:
1. Jindal Iron and Steel Company Limited (JISCO):
Jindal Iron & Steel Company Limited (JISCO) was originally incorporated as Piramal Steel Limited on June 2, 1972. Jindals, having wide experience in steel Industry, acquired controlling stake in the Company in 1982 whereupon the name of the company was changed to its present name.
JISCO has expanded rapidly and has emerged as a major steel producer in the private sector with in-house facility for the manufacture of Hot Rolled plates, Cold Rolled coils and sheets and Galvanised products. JISCO has manufacturing facilities at Tarapur and Vasind in Maharashtra. The company procures HR Coils, which are converted into CR Coils/Sheets, which are then further converted into Galvanised plain sheets/coils and galvanised corrugated sheets which are a value added product in the Steel Industry and is mainly used in construction, white goods and the Auto sectors.
Exports accounted for 78% of the Company's Net Sales in FY 2003-04. JISCO is the largest exporter of Galvanised products from India, accounting for about 30% of the country’s total exports in FY 2003-04 and has market presence in 45 countries and 5 continents. The Company has achieved a Gross Sales of Rs.1368.19 Crores for the Half Year ended 30.09.2004. The Company's Equity Shares are listed on BSE, NSE and Delhi Stock Exchange Association Limited.
2. Jindal Vijayanagar Steel Ltd:
Jindal Vijayanagar Steel Limited (JVSL) was incorporated on March 15, 1994. It has been promoted by JISCO and its associated companies and Karnataka State Industrial Investment Development Corporation Limited (KSIIDC). Spread over 3500 acres of land JVSL's plant located at Toranagallu, Bellary District, has a production capacity of 2.5 MTPA of HR coils (recently expanded from 1.6MTPA to 2.5 MTPA) with an investment of around Rs. 6, 500 Cr. The plant, which uses COREX technology from Voest – Alpine, Austria is the first plant to use oxygen-based Iron and Steel making in the country with continuous casting and hot strip mill. JVSL manufactures high quality Hot Rolled Coils, Plates and Sheets and is the only flat Steel Producer in South India. JVSL was set-up as a backward integration facility for production of hot rolled coils for JISCO. The complete steel making and hot rolling facilities have stabilised and the company has achieved a Gross Sales of Rs.2272.27 Crores for the Half Year ended 30.09.2004.
Upon consolidation of the results of JISCO & JVSL, the Merged Entity has reported a Gross turnover of Rs.5941.04 Crores and Net profit of Rs.465.97 Crores for the Nine months ended 31.12.2004.
3. Jindal South West Holdings Limited:
JSWHL incorporated on 12th July, 2001 is an unlisted Public Limited Company in the business of Investments & Trading in shares, Debentures, Stocks etc. and providing Management Consultancy Services. Steps are being taken to list the Company's Equity Shares with BSE, NSE and Delhi Stock Exchanges.
We request you to suitably notify your Members and all concerned.
Thanking You,
Yours faithfully,
for Jindal Iron & Steel Co Ltd.
Lancy Varghese
Company Secretary.
Those who wish to know about Jindal Vijayanagar steel ltd(JVSL) Jindal Iron steel co(JISCO) and Jindal south west (JSW steel) MERGER and SWAP RATIO of shares, here i am pasting the letter of JISCO to NSE, dated FEb 4, 2005 for your better understanding and Knoweledge. I found the matter on google search on the internet.http://www.jisco.com/notice8feb05.htm. Please read the pasted matter here completely and understand for your benefit, which is as follows:-
JISCO:SEC:SEs:139
February 4, 2005
National Stock Exchange of India Ltd.
Exchange Plaza
Plot No. C/1, G Block
Bandra - Kurla Complex
Bandra (E)
Mumbai - 400 051
Phone No.[protected]
Fax No.:[protected]
Ref : Company Symbol : JINDALIRON
Dear Sir,
Further to our Letter No.JISCO: SEC:SEs:134 dated January 28, 2005 and in compliance with Clause 16 and other applicable provisions of the Listing Agreement, we hereby inform you that Friday, the 25th day of February, 2005 has been fixed as the record date for the purpose of drawing up the list of shareholders of the Company (JISCO) to whom shares in Jindal South West Holdings Limited(JSWHL) and Jindal Vijayanagar Steel Limited (JVSL) are to be issued and allotted pursuant to the Scheme of Arrangement and Amalgamation between the Company, Jindal Vijayanagar Steel Limited & Jindal South West Holdings Limited ("the Scheme").
We enclose herewith the following:
1. The copies of the Orders of the Hon'ble Bombay & Karnataka High Courts sanctioning the Scheme dated 3rd September 2004 and 20th January 2005 respectively.
2. Copy of Form 21 alongwith proof of filing with the Registrar of Companies, Maharashtra, Mumbai & Registrar of Companies, Karnataka, Bangalore.
In terms of the sanctioned Scheme of Arrangement, the equity shareholders of the company on the Record Date will be issued:
a) One equity share of JSWHL of the face value of Rs.10/- each for every four equity shares held by them in JISCO as laid out under clause 9 of Part 2 of the scheme.
b) One Equity share of JVSL of the face value of Rs.10/- each for every one equity share of Rs.10 each held by them in JISCO as envisaged under clause 28 of Part 4 of the Scheme, after the reorganisation of the Capital of JVSL as per the Scheme.
The Equity shares to be electronically credited as aforesaid to holders of Shares in Demat mode will be under a New ISIN Number for which JVSL will be approaching the concerned depositories.
The salient features of the Scheme as intimated to you vide our Letter No.JISCO:SEC:VSG:390 dated November 13, 2003, are once again reproduced below:
1. Demerger of the Investment Division (including equity holding in Jindal Vijayanagar Steel Limited) of Jindal Iron & Steel Company Limited (‘JISCO’) into Jindal South West Holdings Limited (‘JSWHL’):
1.1 In consideration, the Equity Shares will be issued to the Shareholders of JISCO in the ratio of 1(one) equity share of JSWHL for every 4(four) equity shares held by them in JISCO.
1.2 No Liabilities will be transferred alongwith the Investment Division
1.3 The Investment Division of JISCO would be subject to subsisting charges and pledges, if any.
1.4 The shares of JSWHL will be listed on the Stock Exchange, Mumbai, the National Stock Exchange and Delhi Stock Exchange
1.5 The Appointed Date for the demerger is April 1, 2003
2. Reorganisation of the Share Capital of Jindal Vijayanagar Steel Limited (‘JVSL’). The steps involved in the re-organisation of the capital are summarised below:
2.1 As contemplated in the Corporate Debt Restructuring package (‘CDR’) approved by the lenders of JVSL, the Scheme provides for the conversion of 4(four) equity shares out of every 10(ten) equity shares held by the equity shareholders of JVSL into 4(four) 0.01% Cumulative Redeemable Preference Shares (‘CRPS’) of Rs. 10 each.
The 0.01% CRPS shall be converted into equity shares of Rs. 10 each in the ratio of 1 (one) equity share for every 4 (four) CRPS held by the shareholders resulting in allotment of 12, 91, 01, 550 equity shares.
2.2 JVSL shall allot 1(one) warrant in respect of every 7(seven) equity shares held by its shareholders other than on shares allotted as in 2.1 and 2.3. The holder of the warrant will have a right to apply and be allotted 1(one) equity share of JVSL for each warrant held by the shareholder. The warrant holder will be entitled to apply for the equity share on or before 1st April, 2006 as may be decided by the Board of Directors and will be required to pay Rs. 10 per equity share (at par).
2.3 As contemplated in the CDR, Rs. 4, 56, 88, 22, 570, of debt shall be converted into 45, 68, 82, 257 equity shares of Rs. 10 each of JVSL. These shares will not be liable to conversion as in 2.1.
2.4 After giving effect to the aforesaid re-organisation of capital of JVSL, the paid up value of the entire reorganised capital will be reduced by Rs. 9.375 per share. Thereafter the equity shares would be consolidated into fully paid up shares of Rs. 10 each resulting in the reduction in the number of equity shares.
2.5 Pursuant to the aforesaid reduction, the warrant entitlement as in 2.2 above will also have to be adjusted proportionately. Therefore, effectively, JVSL shall allot 1(one) warrant in respect of every 112 equity shares held by its shareholders. The holder of the warrant will have a right to apply and be allotted 1(one) equity share of JVSL for each warrant held by the shareholder. The warrant holder will be entitled to apply for the equity share on or before 1st April, 2006 as may be decided by the Board of Directors. However, each warrant holder will be required to pay Rs. 160 per equity share (including premium of Rs. 150 per share). If all warrants are exercised 1, 15, 26, 924 equity shares shall be issued for an aggregate subscription of Rs. 184.42 crores.
3. The amalgamation of the Company (excluding the Investment Division) into JVSL:
3.1 The share exchange ratio for the amalgamation is 16 (Sixteen) equity shares of Rs. 10 each of JVSL for 1 (One) equity share of Rs. 10 each held by the shareholders of JISCO.
3.2 However, since the Scheme envisages reduction of capital of JVSL (as in 2.4), the exchange ratio shall be adjusted to one equity share of Rs. 10 each of JVSL for one equity share of Rs. 10 each held by the shareholders of JISCO.
3.3 The Appointed Date for the Scheme is April 1, 2003.
3.4 On the Scheme being effective, the name of JVSL shall be changed to that of the company i.e. ‘Jindal Iron & Steel Company Limited’
The Illustrative Chart of Share entitlements as per the Scheme is given below:
JISCO Shareholder for every 100 Shares held on Record Date JVSL Shareholder for every 100 Shares held on Record Date JVSL Shareholder for every 112 Shares held on Record Date
No. of shares inJVSL (After reorganisation of JVSL's Equity Capital) No of shares in JSWHL No. of shares in JVSL (After reorganisation of JVSL's Equity Capital) One Share warrant with right to apply and be allotted one Equity Share of Rs.10/-each of JVSL upon payment of Rs.160 per equity Share (Rs.10 face value+Rs.150 share premium).The warrant holder will be entitled to apply for the equity share on or before 1st April, 2006 as may be decided by the Board of Directors. Warrants are tradable and will be Listed.
100 25 4.375
A Brief Background of the Companies is also given below:
1. Jindal Iron and Steel Company Limited (JISCO):
Jindal Iron & Steel Company Limited (JISCO) was originally incorporated as Piramal Steel Limited on June 2, 1972. Jindals, having wide experience in steel Industry, acquired controlling stake in the Company in 1982 whereupon the name of the company was changed to its present name.
JISCO has expanded rapidly and has emerged as a major steel producer in the private sector with in-house facility for the manufacture of Hot Rolled plates, Cold Rolled coils and sheets and Galvanised products. JISCO has manufacturing facilities at Tarapur and Vasind in Maharashtra. The company procures HR Coils, which are converted into CR Coils/Sheets, which are then further converted into Galvanised plain sheets/coils and galvanised corrugated sheets which are a value added product in the Steel Industry and is mainly used in construction, white goods and the Auto sectors.
Exports accounted for 78% of the Company's Net Sales in FY 2003-04. JISCO is the largest exporter of Galvanised products from India, accounting for about 30% of the country’s total exports in FY 2003-04 and has market presence in 45 countries and 5 continents. The Company has achieved a Gross Sales of Rs.1368.19 Crores for the Half Year ended 30.09.2004. The Company's Equity Shares are listed on BSE, NSE and Delhi Stock Exchange Association Limited.
2. Jindal Vijayanagar Steel Ltd:
Jindal Vijayanagar Steel Limited (JVSL) was incorporated on March 15, 1994. It has been promoted by JISCO and its associated companies and Karnataka State Industrial Investment Development Corporation Limited (KSIIDC). Spread over 3500 acres of land JVSL's plant located at Toranagallu, Bellary District, has a production capacity of 2.5 MTPA of HR coils (recently expanded from 1.6MTPA to 2.5 MTPA) with an investment of around Rs. 6, 500 Cr. The plant, which uses COREX technology from Voest – Alpine, Austria is the first plant to use oxygen-based Iron and Steel making in the country with continuous casting and hot strip mill. JVSL manufactures high quality Hot Rolled Coils, Plates and Sheets and is the only flat Steel Producer in South India. JVSL was set-up as a backward integration facility for production of hot rolled coils for JISCO. The complete steel making and hot rolling facilities have stabilised and the company has achieved a Gross Sales of Rs.2272.27 Crores for the Half Year ended 30.09.2004.
Upon consolidation of the results of JISCO & JVSL, the Merged Entity has reported a Gross turnover of Rs.5941.04 Crores and Net profit of Rs.465.97 Crores for the Nine months ended 31.12.2004.
3. Jindal South West Holdings Limited:
JSWHL incorporated on 12th July, 2001 is an unlisted Public Limited Company in the business of Investments & Trading in shares, Debentures, Stocks etc. and providing Management Consultancy Services. Steps are being taken to list the Company's Equity Shares with BSE, NSE and Delhi Stock Exchanges.
We request you to suitably notify your Members and all concerned.
Thanking You,
Yours faithfully,
for Jindal Iron & Steel Co Ltd.
Lancy Varghese
Company Secretary.
Dear Sir,
Sub: Regd Folio No. JVS0410799. Call Notice No:- 0094771
I have above 100 Nos. Shares of Jindal Vijayanagar Ltd, I have purchased these shares from BROKER on dated[protected]. Following are the detail:
DATE/TRNF NO:[protected]
Call Notice No:- 0094771
FOLIO/CERT NO:JVS0410799
NAME: DEO BANSH PRASAD COMPANY.
I want to sale this shares, pl inform what is the status of my shares & How I will do this. Your quick reply will be highly appreciated.
Thanks
RAKESH GUPTA
[protected]
Sub: Regd Folio No. JVS0410799. Call Notice No:- 0094771
I have above 100 Nos. Shares of Jindal Vijayanagar Ltd, I have purchased these shares from BROKER on dated[protected]. Following are the detail:
DATE/TRNF NO:[protected]
Call Notice No:- 0094771
FOLIO/CERT NO:JVS0410799
NAME: DEO BANSH PRASAD COMPANY.
I want to sale this shares, pl inform what is the status of my shares & How I will do this. Your quick reply will be highly appreciated.
Thanks
RAKESH GUPTA
[protected]
jindal vijaynagar steel co ltd — shares 500 yet to transfer
share certificate No. [protected] 100 folio no. JVS1413619[protected] 100
[protected]-1700 100
[protected] 100
[protected] 100
SINCE A LONG BACK ABOVE SHARE WERE SENT FOR DEMAT IN 2003,THROUGH MY DP ID. 12013200, CLIENT ID 00212609, IN ASIT C MEHTA INVESTMENTS INTERMEDIATES LTD. HENCE, I REQUEST KINDLY TRANSFER ABOVE SHARE TO MY ACCOUNT T.CODE.31828
L LAXMAN RAO DEPY.MANAGER, SBH, SUBHASHNAGAR NIZAMABAD 503001
DEAR SIR,
I HAVE PURCHASED 100 SHARES OF JINDAL VIJAYNAGAR STEEL PARTLY PAID UP THEREAFTR, IT MERGED TO JSWL. CAN I AM ENTITLED TO RECEIVE THE SHARES OF
JSW STEEL IN CONVERSION RATIO? I HAVE NOT RECEIVE ANY SHARE JSW STEEL .WHAT IS PROCESIOR OF GETTING THESE SHARE
I HAVE PURCHASED 100 SHARES OF JINDAL VIJAYNAGAR STEEL PARTLY PAID UP THEREAFTR, IT MERGED TO JSWL. CAN I AM ENTITLED TO RECEIVE THE SHARES OF
JSW STEEL IN CONVERSION RATIO? I HAVE NOT RECEIVE ANY SHARE JSW STEEL .WHAT IS PROCESIOR OF GETTING THESE SHARE
Sir,
I have purchased 100 shares of jindal vijayanagar steel in 1996, after that i relocate to midleest, i have only share certicate in my hand, due to the address change i did'nt received any details from the comapny like, how many bonus share s are issued, hoe many divided are issues etc, now i want to sell these shares, could you please tell me how many bonus shares are issued and, how i will get back these share.
Regards
satish kumar swarnkar
I have purchased 100 shares of jindal vijayanagar steel in 1996, after that i relocate to midleest, i have only share certicate in my hand, due to the address change i did'nt received any details from the comapny like, how many bonus share s are issued, hoe many divided are issues etc, now i want to sell these shares, could you please tell me how many bonus shares are issued and, how i will get back these share.
Regards
satish kumar swarnkar
I have purchased 100 shares of jindal vijayanagar steel in 1996, after that i relocate to midleest, i have only share certicate in my hand, due to the address change i did'nt received any details from the comapny like, how many bonus share s are issued, hoe many divided are issues etc, now i want to sell these shares, could you please tell me how many bonus shares are issued and, how i will get back these share.
From
satish kumar swarnkar
[protected]
[protected]
[protected]@yahoo.com
From
satish kumar swarnkar
[protected]
[protected]
[protected]@yahoo.com
I had purchsed total 3400 shares named Sri Dhramdeo Prasad and Hare Krishna
on 14.02.1995 by DD No-009888 and 009889 (BOI Branch), but now i don't know what is the status of my that shares. These shares were purchased by KARVEY Group. Certificate Nos are -A8770590 and A9170576
Kindly Inform me for same.
Thanks & Regard
Hare Krishna
Suryanagar Road No 2
B.T Road
Ramgarh Cantt-829122 (Jharkhand)
(NEW ADDRESS)