Maharashtra Elektrosmelt Ltd has informed BSE that Equity Shareholders of the Company at its Court Convened Meeting held on August 25, 2010, approved the Scheme of Amalgamation between Maharashtra Elektrosmelt Ltd and Steel Authority of India Ltd, subject to necessary provisions and approvals. With reference to approval of the Board of the Company (SAIL) and the Ministry of Steel, Government of India to the Scheme of Amalgamation of Maharashtra Elektrosmelt Ltd (MEL) with Steel Authority of India Ltd (SAIL), Steel Authority of India Ltd has now informed BSE as under : '2.0 The Ministry of Corporate Affairs (MCA), New Delhi vide its letter dated June 14, 2011 has now forwarded the Order of the Central Government sanctioning the Scheme of Amalgamation of Maharashtra Elektrosmelt Ltd (MEL) with Steel Authority of India Ltd (SAIL) under Section 391-394 of the Companies Act, 1956. In line with the directions of the MCA to file a copy of the Order with the Registrar of Companies within 30 days of the receipt thereof, the Order has been filed with the Registrar of Companies at Mumbai and Delhi by MEL on July 12, 2011 and by SAIL on July 13, 2011 respectively. With the filing of the Order, the amalgamation has been effective and MEL has been dissolved. 3.0 In terms of the Scheme, the shareholders of MEL are entitled to receive fully paid-up equity shares of SAIL in the share exchange ratio of 1:1.7 i.e. for every 1.7 fully paid-up equity shares of Rs. 10 each held in MEL, every shareholder of MEL shall without any application, act or deed, be entitled to receive 1 fully paid-up equity share of Rs. 10 of SAIL, as consideration for this Scheme. Since SAIL cannot issue shares to itself, no consideration shall be paid and no shares shall be allotted by SAIL to itself as consideration. Further, the Board of Directors of SAIL shall determine a Record Date, for ascertaining the shareholders of MEL to whom fully paid-up equity shares of SAIL are to be issued and allotted as consideration for this Scheme. A Board Meeting of SAIL is scheduled to be held on July 29, 2011, where a decision on the Record Date would be taken.' (As Per BSE Announcement Website dated on 19.07.2011) Steel Authority of India Ltd has informed BSE that the Ministry of Corporate Affairs has by its order dated June 10, 2011 sanctioned the scheme of amalgamation between Maharashtra Elektrosmelt Limited ('MEL') and Steel Authority of India Limited ('SAIL') under Sections 391 to 394 of the Companies Act, 1956 ('Scheme'). The Scheme has become effective from July 13, 2011. Pursuant to the Scheme, the equity shareholders of MEL will be entitled to receive shares of SAIL in the following exchange ratio: 1 fully paid-up equity share of Rs. 10 each of SAIL for every 1.7 fully paid-up equity share of face value of Rs. 10 each held by the equity shareholders of MEL. In terms of Clause 4.2.4 of the Scheme, the Board of Directors of SAIL in its meeting held on July 29, 2011 has fixed August 10, 2011 as the 'Record Date' for determining the names of the shareholders of MEL who will be entitled to be issued and allotted equity shares of SAIL as per the above exchange ratio. (As Per BSE Announcement Website dated on 01.08.2011) SUB. : - Scheme of Amalgamation of Maharashtra Elektrosmelt Ltd. (Scrip Code 504824) Trading members of the Exchange are hereby informed that, Steel Authority of India Ltd. has fixed the Record Date for the purpose to determine entitlement of shareholders of Maharashtra Elektrosmelt Ltd. pursuant to the Scheme of Amalgamation of Maharashtra Elektrosmelt Ltd. with Steel Authority of India Ltd. Trading Members are advised not to deal in the equity shares of Maharashtra Elektrosmelt Ltd. with effect from the under mentioned date. PHYSICAL SECURITIES - PHYSICAL IN COMPULSORY ROLLING COMPANY NAME CODE Maharashtra Elektrosmelt Ltd. (504824) RECORD DATE 10.08.2011 PURPOSE The Scheme of Amalgamation: - Amalgamation of Maharashtra Elektrosmelt Ltd. with Steel Authority of India Ltd. Upon the coming into effect of the Scheme, Steel Authority of India Ltd shall in consideration for the amalgamation, issue and allot 1 equity share of Rs. 10/- each of Steel Authority of India Ltd, credited as fully paid up to shareholders of Maharashtra Elektrosmelt Ltd for every 1.7 fully paid up equity shares of Rs. 10/- each held by them in Maharashtra Elektrosmelt Ltd. NO DEALINGS FROM 03/08/2011 DR-088/2011-2012 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 02.08.2011) Steel Authority of India Ltd (SAIL) has informed BSE that the Board of Directors of SAIL in its meeting held on July 29, 2011 has fixed August 10, 2011 as the 'Record Date' for determining the names of the shareholders of Maharashtra Elektrosmelt Ltd. (MEL) who will be entitled to be issued and allotted equity shares of SAIL as per the exchange ratio. Pursuant to the Scheme of Amalgamation between Maharashtra Elektrosmelt Ltd. and Steel Authority of India Ltd. under Sections 391 to 394 of the Companies Act, 1956 ('Scheme'), the equity shareholders of MEL will be entitled to receive shares of SAIL in the following exchange ratio: 1 fully paid-up equity share of Rs. 10 each of SAIL for every 1.7 fully paid-up equity share of face value of Rs. 10 each held by the equity shareholders of MEL. (As Per BSE Announcement Dated on 02.08.2011) Steel Authority of India Ltd has submitted to BSE a copy of Synopsis of details of amalgamation with Maharashtra Elektrosmelt Ltd. Maharashtra Elektrosmelt Ltd has submitted to BSE a copy of Synopsis for Amalgamation of Maharashtra Elektrosmelt Ltd with Steel Authority of India Ltd, under Section 391-394 of the Companies Act, 1956. (As Per BSE Announcement Website dated on 04.08.2011)