Jindal Saw Ltd has informed BSE that the respective chairman of meetings of Equity Shareholders / Secured Creditors and Unsecured Creditors convened to consider the Scheme of Arrangement and Demerger, have filed their report supported by affidavit with the Hon'ble High Court of Judicature at Allahabad confirming the passing of resolution approving the aforesaid Scheme of Arrangement and Demerger. the Company has submitted to BSE a copy of the minutes of the said meetings duly signed by the respective Chairmen. Jindal Saw Ltd has informed BSE that: 1. The Scheme of Arrangement and Demerger proposing the transfer of Investment Undertaking of Jindal Saw Ltd. to Hexa Tradex Ltd. has been approved by Hon'ble High Court of Judicature at Allahabad and certified true copy of the Order has been filed with the Registrar of Companies under the provisions of the Companies Act, 1956 and thus the Scheme has become effective. 2. The Board of Directors of the Company will also consider the matter of fixing the record date for allotment of shares by Hexa Tradex Ltd. to the shareholders of the Company as a consideration for transfer of Investment Undertaking in their meeting which has been convened on November 11, 2011. (As Per BSE Announcement Website dated on 07.11.2011) Jindal Saw Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 11, 2011 has fixed November 23, 2011 as the record date for determining the shareholders to whom the shares will be allotted by Hexa Tradex Limited as consideration of transfer of Investment Undertaking of the Company to it as per the Scheme of Arrangement and Demerger sanction by the Hon'ble High Court of Allahabad. Further, Hexa Tradex Limited will allot its 1 (one) equity share of Rs. 2/- each for every 5 (five) equity shares of Rs.2/- each held by the shareholders of the Company as on the Record Date as per the terms of the Scheme of Arrangement and Demerger. Further, the Company has submitted to the Exchange a copy of the Detailed Note on the Scheme covering Business and Financial aspects of the Scheme. (As Per BSE Announcement Website dated on 15/11/2011) SUB. :- Scheme of Arrangement of Jindal Saw Ltd. (Scrip Code 500378) Trading Members of the Exchange are hereby informed that, Jindal Saw Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement and Demerger of the Company. COMPANY NAME CODE Jindal Saw Ltd. (500378 & 600378) RECORD DATE 23.11.2011 PURPOSE Scheme of Arrangement: - Demerger of the Investment Undertaking of Jindal Saw Ltd. into Hexa Tradex Ltd. In consideration of the transfer of the Investment Undertaking by Jindal Saw Ltd. to Hexa Tradex Ltd. in terms of this Scheme, Hexa Tradex Ltd. shall issue and allot to the shareholders of Jindal Saw Ltd., in the ratio of 1 (ONE) equity share of Rs.2/- each fully paid up of Hexa Tradex Ltd. for every 5 (FIVE) equity shares of Rs.2/- each fully paid up held in Jindal Saw Ltd. EX-ENTITLEMENT FROM DATE & SETT. NO. 22/11/2011 DR-160/2011- 2012 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2. 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be under T' group with effect from November 22, 2011. (As Per BSE Notice Dated on 16.11.2011) SUB. :- No Group Change pursuant to Scheme of Arrangement of Jindal Saw Ltd. (Scrip Code 500378) In continuation of the Exchange's Notice No. 20111116-20 dated November 16, 2011, regarding the Record Date of 23/11/2011 for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement and Demerger of the Company, trading members of the Exchange are requested to note that:- The trading in the equity shares of the aforesaid company shall NOT be under T' group with effect from the Ex-entitlement date i.e. November 22, 2011. (As Per BSE Notice Dated on 17.11.2011) JINDAL SAW LTD. has informed BSE that November 23, 2011 will be the 'Record Date' for determining the shareholders to whom the shares will be allotted by Hexa Tradex Limited as consideration of transfer of Investment Undertaking of the Company to it as per the Scheme of Arrangement and Demerger. Hexa Tradex Limited will allot its 1 (one) equity share of Rs. 2/- each for every 5 (five) equity shares of Rs.2/- each held by the shareholders of the Company as on the Record Date as per the terms of the Scheme of Arrangement and Demerger. Consequent to the above, the following adjustments shall be carried out on Future and Option contracts of Jindal Saw Ltd (Cash Segment Scrip Code: 500378 Derivatives Asset Code: JSAW): 1. All existing contracts for the month of December 2011, January 2012 and February 2012 (including all existing weekly contracts available for trading) of Jindal Saw Ltd shall be expired on Monday, November 21, 2011 and all the positions in said contracts shall cease to exist pursuant to expiry on November 21, 2011. 2. All the pending orders in the all series of Jindal Saw Ltd shall be cancelled on Monday, November 21, 2011 end of day. 3. Fresh derivatives contracts for the month of December 2011, January 2012 and February 2012 on the underlying Jindal Saw Ltd shall be reintroduced from Tuesday, November 22, 2011 being the ex-date of the underlying. The members of the exchange are requested to take note of the above. (As Per BSE Notice dated on 17.11.2011) Hexa Tradex Ltd has informed BSE that: 'The Company was incorporated with the object of vesting of Investment Undertaking of Jindal Saw Limited (JSL) pursuant to the Scheme of Arrangement and Demerger (Scheme). As a consideration of vesting of Investment Undertaking, it was proposed to issue and allot to the equity shareholders of JSL, one equity share of face value of Rs. 2/- in the Company for every 5 equity shares of Rs. 2/- each held by them in JSL. The above Scheme was approved by High Court of Judicature at Allahabad and become effective from November 05, 2011 and subsequently, shares were allotted on November 24, 2011. Thereafter, equity shares of the Company were listed on NSE and BSE w.e.f. April 20, 2012. Further, as per Clause 4.3 of the captioned Scheme, the fraction entitlements of the shares have been consolidated in to 1197 Equity Shares of Rs. 2/- each. Such consolidated shares will be sold during this week in the open market and the proceeds after deduction of applicable tax will be distributed to the 2664 shareholders entitled for the same in due course.' (As per BSE Announcement Dated on 11.12.2012)