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99, Sead Tg, 59, Bellary Road,
Sie 20 032 Bangalore - 560 032
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Website = www hmtindia.cam
Secl.S-5 November 27, 2015
Bombay Stock Exchange Limited,
Phiroze Jeejeebhoy Towers, Attn: Smt, Usha Sharma
25" Floor, Dalal Street, Deputy General Manager
Mumbai ~ 400 001
Dear Madam,
‘Sub: Clarification/Confrimation on news item appearing in "ET Now’
Kindly refer your letter L/DOSS/ONL/RV/ZS/2015-16/157 dated
November 27, 2015 with regard to recent news item which appeared in the
"ET Now’ under caption "May sell two sick companies Tyre corp and HMT
Unit: New rise”. In this regard we wish toclarify that, as informed vide our
letter of even no. dated October 6, 2015 HMT has only signed an MOU with
Fraunofer on 6th October, 2015 pertaining to Technology upgradation for
developing latest Technology Machines by our Subsidiary ie HMT Machine
Tools Limited to have an edge over competitors
However, no proposal has been mooted to sell the sick HMT Unit and
no negotiations whatsoever are being made in that regard. As such we are
not aware of the movement of scrip on account of this news Item.
Yours faithfully,
for HMT LIMITED.
(Subash B.K)
Company Secretary