1. The above quarterly results have been reveiwed by the Audit Committee in its meeting held on 24.04.2008 and approved by the Board of Directors in its meeting held on 24.04.2008. The above result has also been reviewed by the Auditors.
2. In terms of amended clause 41 of the Listing agreement, details of Investors complaints for the quarter ended 31st March,2008 are as under :-
|at the beginning of the quarter
|received during the quarter
|disposed off during the quarter
|pending at the end of the quarter
||3 (since resolved)
3. Out of the proceeds of zero coupon FCCBs of Rs 267.96 Crores issued in April 2006, Rs. 5.74 crores have remained unutilised till the end of March,2008.
4a. In respect of 1% Foreign Currency Convertible Bonds (FCCB) of USD 55 million, during the quarter 200 bonds valued at Rs. 21.82 crores were converted into 45,47,250 equity shares. Till date, 2191 bonds (out of total 2200 bonds) valued at Rs. 238.98 crores were converted into 4,98,15,134 equity shares.
4b. In respect of Zero Coupon Foreign Currency Convertible Bonds (FCCB) of USD 60 million, during the quarter 83 bonds valued at Rs. 37.07 crores were converted into 59,30,848 equity shares.Till date, 375 bonds (out of total 600 bonds) valued at Rs. 167.48 crores were converted into 2,67,96,000 equity shares.
5. Previous period figures have been regrouped / rearranged wherever considered necessary.
|Place : Kolkata
Date : 24.04. 2008
By Order of the Board
For Gujarat NRE Coke Limited
A K Jagatramka
Vice Chairman & Mg. Director