Considered and approved the proposal for demerger of all the businesses and undertakings of Indian Aluminium Company Ltd (Indal) (other than the Aluminium Foils Division of Indal at Kollur, Andhra Pradesh) into the Company in terms of a Scheme of Arrangement under sections 391 - 394 of the Companies Act, 1956. The proposed Scheme of Arrangement provides that upon its sanction, the demerger will take effect from the appointed date i.e. April 01, 2004 (Appointed Date). All assets, liabilities and obligations of aforesaid demerged business of Indal, as per the Scheme of Arrangement will vest in the Company w.e.f. Appointed Date. The Draft Scheme of Arrangement was also approved by the Board of Directors and certain officers of the Company have been authorized to finalise and settle the same. Further the Board has approved the Share entitlement ratio. Under the Scheme, company will issue and allot shares to the public shareholders of Indal in the ratio of 1 shares of Rs.10/- each in company, credited as fully paid up for every 7 equity shares of Rs.10/- each held by the public shareholder in Indal. The Indal shareholders will continue to hold their shares in Indal. However the face value of those shares will be reduced from Rs.10/- per share to Rs.2/- for every share. The company will continue to maintain its 97% stake in the resultant demerged Indal. The proposed Scheme of Arrangement would be optimal from a transactional cost point of view. (As per BSE Bulletin dated on 23/08/2004) Hindalco Industries Ltd. has informed the Exchange that their Company (Hindalco) had made a voluntary offer for the purchase of equity shares of Indian Aluminium Company Limited (Indal) at a price of Rs.120/- per share to the shareholders of Indal in pursuance of a letter of offer dated January 22, 2004, which inter alia provided an exit option to the existing shareholders of Indal during the period commencing from February 16, 2004 up to February 15, 2005 (the Offer). The respective BoDs of Hindalco and Indal have approved the demerger of all the businesses and undertakings of Indal (other than the aluminium foils division of Indal at Kollur, Andhra Pradesh) into Hindalco in terms of a Scheme of Arrangement under Sections 391 - 394 of the Companies Act, 1956 between Hindalco and Indal and their respective shareholders and creditors (the Scheme) which is subject to the sanction by the respective High Courts. Hindalco is terminating the Offer with effect from October 30, 2004 and the shares of Indal under the Offer will not be purchased thereafter. In the interest of the shareholders of Indal, Hindalco has given an option to the shaeholders of Indal as communicated in a letter dated October 8, 2004. (As per NSE Bulletin dated on 14/10/2004) Voluntary offer under a letter of offer dated 22 January 2004 for the purchase of equity shares of Indian Aluminium Company, Limited. Hindalco Industries Limited ("Hindalco") had made a voluntary offer for the purchase of equity shares of Indian Aluminium Company: Limited ("Indal") at a price of Rs. 120/- per share to the shareholders of Indal in pursuance of a letter of offer dated January 22, 2004, Which inter alia provided an exit option to the existing shareholders of Indal during the period commencing from February 16,2004 upto February 15, 2005 (the "Offer"). The respective Board of Directors of Hindalco and Indal have approved a proposal for demerger of all the businesses and undertakings of Indal (other than the aluminium foils division of Indal at Kollur, Andhra Pradesh) into HIndalco in terms of a Scheme of Arrangement under Sections 391 - 394 of the Companies Act, 1956 between Hindalco and Indal and their respective shareholders and creditors (the "Scheme")Which is Subject to the sanction by the respective High Courts. Under the Scheme , Hindalco will allot to each shareholder of Indal,on the Record Date to be fixed by the Board of Dirtecors of Indal Shares of Hindalco in the ratio of one equity share of Hindalco of Rs. 10/- each for every 7 equity shares of Rs. 2/- each (after reduction in the par value from Rs. 10/- each to Rs. 2/- each) held by such shareholder in Indal. Hindalco is terminating the Offer with effect from 30 October 2004 and the shares of Indal under the Offer will not be purchased thereafter. In the interest of the shareholders of Indal, Hindalco, has given an option to the shareholders of Indal, as communicated in a letter dated 8th October, 2004, A copy of the said letter if not received by the shareholders of Indal may be obtained from the Company Secretary; Hindalco Industries Limited, Century Bhavan, 3rd Floor Dr.Annie Besant Road Worli, Mumbai-400025 Re: Voluntary offer under a letter of offer dated 22 January 2004 for the purchase of equity shares of Indian Aluminium Company, Limited Hindalco Industries Limited ("Hindalco") had made a voluntary offer for the purchase of aqulty shares of Indian Aluminium Company, Limited ("Indal") at a price of Rs, 120/- per share to the shareholders of Indal in pursuance of a letter of offer dated January 22, 2004., which inter alia provided an exit option to the existing shareholders of Indal during the period commencing from February 16, 2004 up to February 15, 2005 (the "Offer"). We wish to inform you that the respective Board of Directors of Hindalco and Indal have approved a proposal for demerger of all the businesses and undertakings of Indal (other than the aluminium foils division of Indal at Kollur, Andhra Pradesh) into Hindalco In terms of a Scheme of Arrangement under Sections 391 -- 384 of the Companies Act, 1956 between Hindalce and Indal and their respective shareholders and creditors (the "Scheme"). Under the Scheme of Arrangement, Hindalco is required to allot to each shareholder of Indal, whose name is recorded in the Register of Members on a certain date to be fixed by the Board of Directors of Indal (the "Record Date"), shares of Hindalco in the ratio of one equity share of Hindalco of Rs. 10/- credited as fully paid up for every seven equity shares of Rs. 2/- fully paid up (after reduction in the par value from Rs. 10/- each to Rs. 2/- each) held by such shareholder in Indal (the "Share Entitlement Ratio"). The Share Entitlement Ratio is as recommended by two Independent valuars, namely M/s. S.R. Batlibol & Co. and M/s. N.M, Raiji & Co, and approved by the Board of Directors of Hlndalco and Indal. The Scheme Is subject to obtaining of all requisite approvals (including that of the shareholders and creditors, where required) and subject to sanction by the High Court of Judicature at Mumbai and the appropriate bench of the High Court of Judicature at Kolkata, As a shareholder of Indal on the Record Date, you would continue to hold same number of shares of Indal and in addition you shall be Issued shares of Hindalco as explained above. You have the benefit of becoming a shareholder of Hindalco, a profit making listed company.* Further, you will be entitled to the benefit of receiving dividend declared, If any, for the Financial Year 2004 - 05, We are terminating the Offer with effect from 30 October 2004. With a view to protect your Interest on termination of the Offer, Hindalco has proposed the following option As you are entitled to a consideration of Rs, 120/- per share of Indal tendered under the Offer, In the event the market price of one equity share of Hindalco on the date of allotment under the Scheme Is lower than the price which would have been paid under the Offer for seven shares of Indal, each shareholder of Indal to whom shares of Hindalco have been allotted shall have the Option (hereinafter the "Option") to tender the shares of Indal held by him to Hindalco, at a price equal to the difference between the price which would have been obtained by the shareholder If the number of Indal shares held by him were tendered at the Offer Price and the market price of the relevant number of shares of Hindalco (in accordance with the Share Entitlement Ratio) as on the date of allotment. For example: A shareholder of Indal holds 7 shares in Indal. Under the Offer he would be entitled to Rs. 120 x 7 = Rs. 840 in consideration. Assuming that the market price of 1 share of Hindalco on the date of allotment is Rs. 805, then the shareholder of Indal will have the Option to tender his seven shares in Indal after the date of allotment to Hindalco at a price of Rs. 5 per Indal share [and for seven shares, Rs. 35]. (As per BSE Notice dated on 14/10/2004) EGM 16/11/2004 To approve Scheme of demerger of all the businesses and undrtakings of the IndianAluminium Company Limited (Indal) (Other than the Aluminium Foils Division of Indal at Kollur, Andhra Pradesh) into the company in terms of Scheme of Arrangement under section 391-394 of the Companies Act, 1956. (As per BSE Bulletin dated on 08/11/2004) Hindalco Industries Ltd. has informed the Exchange that the High court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Hindalco Industries Ltd. be convened and held on November 16,2004 for the purpose of considering, and if thought fit, approving with or without modifications, the Scheme of Arrangement between Indian Aluminium Company,Limited(the "Demerged Company") and Hindalco Industries Ltd.(the "Applicant Company") and their respective shareholders and creditors(the "Scheme"). (As per NSE Bulletin dated on 09/11/2004) Members of the Exchange are hereby informed that the under mentioned new securities of Hindalco Industries Limited (Scrip Code: 500440, ISIN No: INE038A01012) are listed and permitted for trading on the Exchange with effect from Thursday, April 7, 2005. Securities 2,99,522 *Equity Shares of Rs.10/- each (fully paid-up) issued to shareholders of Indian Aluminium Company Limited pursuant to the Scheme of Amalgamation of the company. Dist. Nos.9,32,39,856 to 9,35,39,377 * These shares are ranking pari-passu with the old equity shares of the company. 2. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Mumbai and Calcutta vide their orders dated January 14, 2005 and December 23, 2004, respectively. b) The appointed date: April 1, 2004. c) Date of Allotment: March 23, 2005 d) Exchange Ratio - For every 7 Equity Shares of Rs.10/- each held in Indian Aluminium Company Limited 1 Equity Shares of Rs.10/- each of the company have been issued. 3.The company's financial year ends on 31st March. Hindalco Industries Ltd has informed BSE that the shareholders of the Company at their Court Convened Meeting held on November 12, 2007, have approved the Scheme of Arrangement for Amalgamation of Indian Aluminium Company Ltd with the Company by requisite majority. (As Per BSE Announcement Website Dated on 16/11/2007) Hindalco Industries Ltd has informed BSE that the Scheme of Amalgamation between Indian Aluminium Company Ltd and Hindalco Industries Ltd has been approved by the High Courts of Judicature of Bombay and Kolkata. Further, the said Scheme has been made effective by the Board of Directors of the Company on March 25, 2008. (As per BSE Announcement Website dated on 03/04/2008) Hindalco Industries Ltd has informed BSE that the Committee of Directors (CoD) of the Company at its meeting held on May 03, 2008, inter alia, in terms of Clause B- 12 and other applicable Clauses of the Scheme of Amalgamation, 376 Equity Shares of the Company of Re 1/- (Rupee One only) each fully paid up and 2032734 Preference Shares (6%) of Rs 2/- fully paid redeemable on April 01, 2009, be and are hereby issued, and allotted to the members of Indian Aluminium Company Ltd ("Indal"). (As Per BSE Announcement Website Dated on 09/05/2008) Trading members of the Exchange are hereby informed that the under mentioned new securities of Hindalco Industries Limited, are listed and permitted for trading on the Exchange with effect from Tuesday, June 10, 2008. Securities - 376 Equity Shares of Re.1/- each issued to the shareholders of erstwhile Indian Aluminium Company Limited (INDAL) pursuant to the scheme of Amalgamation of the Company. Dist. Nos. 1227130193 - 1227130568 ISIN No. INE038A01020 2. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Courts of Bombay and Calcutta vide their orders dated January 18, 2008 and March 3, 2008. a) Appointed Date: April 01, 2007. b) Effective Date: March 25, 2008. c) Date of Allotment: May 03, 2008. d) Exchange Ratio: 1 (One) equity share of Re.1/- each fully paid up of the company for every 170 (One hindered seventy) equity shares of Rs.2/- held in erstwhile INDAL, OR 1 (One) 6% Redeemable Cumulative Preference Share of Rs.2/- each fully paid up in the company has been issued for every 1 Equity Share of Rs.2/- each fully paid up held in INDAL. (As per BSE Notice dated on 06/06/2008)