Southern Iron - Updates on Scheme of Amalgamation

Southern Iron & Steel Company Ltd has informed that the Hon'ble High Court of Judicature at Mumbai has sanctioned the Scheme of Amalgamation of Southern Iron & Steel Co. Ltd with JSW Steel Ltd. The Order sanctioning the Scheme was pronounced in the Court on February 22, 2008.

The written order sanctioning the Scheme is expected to be received shortly. Once the order of the High Court is filed with Registrar of Companies, Maharashtra, the scheme
will become effective.