C9PY OF THE RESOLUnOH PASSED ·IN THE MErnNG'OF'S0tW> QfDIREc:TOM

HELD ON 1~!;h OCTOBER,. 2009 .. ' . .. . . . . .. ' >. :,",".' ." '. .

"Resolved that pursuant to Sections 161 94 end other appircabteprbVisfons,ifanYtOf the' Companies Act, 1956 and subject to such approvals as maybe reqliired>~achEqblitYShareofthe . face value of Rs. 10/- (Rupees Ten only) in the capital of th~ CompanY.bEf.sub:::divfded into. 5·.

(Five) Equity Shares of Rs. 2/- (Rupee Two only) eac:il.. . .... .' .. .

.11Resolved further thatthe following resolutions be and are hereby recbrhtn~nd~dtothe members ' .. of the Company to be passed in the extraordinarygenetal meetiQg; ;asordini:lrYand spedal

resolution respectivelyi- .' '.. .

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"Resolved that pursuant to sections 16, 94 and '. ~ther~ppliCableprQ\fiSion~;.ifanYr ?f the Companies Act, 1956 and subject to suthapprovalsaslnay,bereql!i~ieachECf4ityShareofthe' face value of Rs.lOj- (Rup~es Ten only) in the capit:tl of the Company: tM=i>5ub-,divlded into 5 (Five) Equity Shares of Rs,2/- (Rupee Two only) each andtheMe"l)df~iidj;lfnot'Assodatjono.f. the Company be altered by substltutirig the presentClause V with ,the folJ.oVfil')~rnevV Cla,use: ~ .•.

. V. "The ALithorisedShare Capital of the C6mpim~·is:Rs.·ZJO~;oGj·o6~;QOO'(RUpeeSTwo Hundred Crores only). divided into 50,oo,OO,090{fifi:yqror~,\Ofl~) ·~qujty.Shan;;50f Rs .• ·• 2/- (Rupees Two only) each and 1,00,00,000. (OneCror~ Ollly)Rede~fm;lble Preference .'

Shares of Rs, 100/- (Rupees One Hundred only)each."~. •... . ..... " ., .

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"Resolved that pursuant to Section 31 and other applisablE:!provISi6n~/lf~rWJ({~h~' Ccmpanles. . Act, 1956 and subjectto such approvals as may bereqliited/th~ AM:id~.9{A:;S9dation of tbe

Company be altered 'by substituting the present Article 4 with th~foliqWiH~::r:,e\l\l ArtiCle :" .

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4.. "The Share capital of the Company iSRS.200fOO,OO,Qod.(RU,PeeS<tw.~Hund{e9.croreS. only). ,.

divrdeo into 50,00,00;000 (Fifty Crores Only)E;quitv·s~ares:of'Rs,~<4j-<:(RQ~~TWO onlvjand. 1.,00,00,000 (One Crore 'Only) R:edeemable .. p~~fer:ence :Sl:iar~:·(lf:~ .. ·.·~OW,: .. (Rupe~sO~ '. Hundred only) each with power to .subdivide, mnsolidi;)terinqeas~Qr:dec::re~~e and with." power from time to time to' issue anyshare of theorigio~l capltal'dr ';!rny.ne\.v-capital· subject •....

to any preferential, qu'alifled or spedal rights, prrvllege~Qt'co~ctjkiQnSilS;n'laybeth()ught:fit . and upon the sub-division of a share to apportion the, rlghttopartidpateln, prOfrt in any .• : .. manner as between toe . shares 50 resulting .tTomsuch.si.ib~diviSipn.:rhe.:J·ights.attachedto -.

the preference share shall be such as may be deterrrii('led by:t~C6rtlpany. at the time.of

issue thereof." '.' . . .' ". .'

.•... Contd.;. ••• 2 ..

" .',' .. ':

Jindal Cerme, '.2 Bhikalji Cama 'place, New Delhi -110056Phons'; +91.{1l) 26188360"74, 26j8~34S .Fax' ;+91' (11) 26170691 -: · •.... Rtlgd. Offies ; A-1, UPSIDG, Indl. Area, Nandgaon RQM, KOsiKala~, Di.:m Mat!Jtlra(U.r.)~ 2~J~O~'N~~slte : ~.llndajsa.w;90):fl .

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"Resolved Further that an extraordinary general meeting of the Membersof the Company be convened on Friday, the 27th day of November, 2009 at 1.00, p.m. at the-Registered Office of the Company to consider and approve the above resolutions and the draft Notice alonqwith Explanatory staternent as placed before the meeting be andts hereby approved and the Company Secretary of the Company is authorized to issue thesarne' to the Members of the Company.

"Resolved Further that Shri Indresh Batra, Ms. Srnlnu Jindal, Managing Dtrectors of the Company and Shri H.S. Chaudhary, Whole-time Director of the Companybe endare hereby severally authorized to take all necessary actions / steps including, to fix the record date for giving effect

the above resolutions". '

CERTIFIED TRUE COpy

fur JIN7;; LTD"

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/ ~PANY SECRE

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JiRil,U

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COpy OF THE RESOLUTION PASSED IN THE EXTRAORDINARY GEN.ERAL MEETING HELD ON 2jTh NOVEMBER.. 2009

"Resolved that pursuant to Sections 16, 94 and other applicable provisions, if any, of the Companies Act, 1956 and subject to such approvals as may be required, each Equity Share of the face value of Rs. 10/- (Rupees Ten only) in the cepital ofthe Company be sub-divided into 5 (Five) Equity Shares of Rs. 2/-(Rupee Two only): each and the Memorandum of Association of the Company be altered by substituting the present

Clause V with the following new Clause ;- .

V. "The Authorised Share Capital of the Company is Rs. 2,00,00;00,000 (Rupees Two Hundred Crores only) divided into SO,OQ,QO,nOd(Fifty Croresonty) Equity Shares of Rs. 2/~ (Rupees Two only) each and 1,oo,od,:OOO{Ohe Crore only) Redeemable Preference Shares of Rs. 1001-{Rupees One Hundred only) each".

EXPLANATORY STATEMENT:

At present the Authorised Capital of the Company comprises.as.follows :-

• • I • '. •

(i) (ii)

10,00,00,000 Equity Shares of Rs. 10/- each; and

1,00,00,000 Redeemable Preference Shares of.Rs. 1001- each.

. . .(

The Equity Shares of the Company are listed on National stock Excl1ange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE) and the PreferenceShi;ln~s are listed on

Bombay Stock Exchange Ltd. .

. .

The market price of the Equity Shares of the Company haswitne$sedsignificant spurt over the last 6 months. In order to improve the liquidity oUhe Compal'ly'sEquity Shares in the stock. market and to make it cffordabletothe-srna], In\(estqrs, the Board of Directors of the Company at their meeting held on 1SthOctobar,2.009considered it desirable to SUb-divide the nominal value of the EquitySharescf.theCompany from Rs. 10/: per equity share to Rs. 2/~ per Equity Share subject to reouiredapprovaks).

Contd., ... 2 ..

Jindal Centre, 12 Bhikaiji cama Place, New Deltli - 110066 Phone:· + 91 (11 )26188360)4,26188345 Fax ; + 91 (11) 26170691 -. Regd. Ofiice : A·1, UPSIDC, Indl. Area, Nanc::lgaon Roa~, Kosi Kalan, Disn. M3tJlura (U.P.) -281403· Website: www,jjndalsaw.Gom

JINDAL"S~W.LIP Fax 00911126170691 27 Nov 2009 14:01 PODS

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The proposed sub-division of nominal value of Equity Shares.wilfnepas~itate alteration in Clause V of the Memorandum of Association. and ArtiCle' 4.6f .the Articles of Association of the Company psrtainmq to the .share icapifal.of the Company. The alteration of Memorandum, in terms of Section 94 of the COQ1pani~s:Act, 1956, can be done by passing an ordinary resolution and Articles. can be a!Mred.unqer the provisions of Section 31 of the Companies Act, 1956 by pas&Ing a SpE!ciai"resolution in a general meeting of shareholders of the Company. Therefore, the BoaJd recommends both these

resolutions for your approval. .

. .

None of the Directors of the Company is concerned or interested. in these resolutions except to the extent of their shareholding in the Company which may be. sub-divided,

CERTIFIED TRUE COpy

Jihi).s.L

COPY OF THE RESOLUTION PASSED IN THE .. EXTRAORDINA.RY GENERAL MEETING HELD ON 27th NOVEMBER. 2009

. .

"Resolved that pursuant to Section 31 and other applicabJeprovislons, if any, of the Companies Act, 1956 and subject to such approvals as may be required, the Articles of Association of the Company be altered by substituting the. presentArticle 4 with the. following new Article :-

4_ "The Share Capital of the Company is Rs. 200;00,.00,000 (Rypees Two Hundred Crores only) divided into 50,00,00,000 (Fifty Croree.Ority) Equity Shares of Rs. 2/- (Rupees Two only) and 1,00,00,000 (One Crofe· Only) Redeemable Preference Shares of Rs. 100/- (Rupees One Hundred only) each with power to subdivide, consolidate, increase or decrease and with poWer from .time to time to issue any share of the original capital or My new-capital subject to any preferential, qualified or special rights, privileges. or conditions. as may be thought fit and upon the sub-division of a share to apportion- thedghttoparticipate in profit in any manner as between the shares so resulfingfroMsuchsub-divisionThe rights attached to the preference shareshall be such as may be determined

by the Company at the time of issue thereof.": .

EXPLANATORY STATEMENT:

At present the Authorised Capital of the Company comprisesas::fol;lows: ;-

(i) 10,00,00,000 Equity Shares of Rs. 10/- each; and ... .

(ii) 1,00,00,000 Redeemabie Preference Shares of Rs. ,100/c-each.

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The Equlty Shares of the Company are listed on NatjonaIStoc;~ E~chimgeOf!ndia Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE) and the Preference.Shares.are listed on

Bombay Stock Exchange Ltd. . .

The market price of the Equity Shares of the Company has Witnessed signifjcant spurt . over the last 6 months. In order to improve the liquidity 6f the Cqmpa!1y.'s. Equity Shares

in the stock market and to make it affordable to the small. 'inyestprs,the Beard of .. Directors of the Company at their meeting h~ld on1S1h October,2009 considered it desirable to sub-divide the nominal value of the Equity Shares of the Company from Rs .. 10/- per equity share to Rs- 2/- per Equity Share subject to. required approvalfs).

contd., ... 2 ..

Jindal Centre, J2 6tlikaiji Cama Place, New Deltll-110066 Phone: +91 (11) :26188360"74,26188345 Fax: +91 (11) 26170691 Regd. Office: A-1, UPSIDe, IndL Area, Nandgaof1 Road, Kosi Kalan, Distt. MathUra (U_P.) -.281403 Web.sit.e: www_jindalsaw_com

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The proposed sub-division of nominal value ofEqUjtySh~resYVilJnecessitate alteration in Clause V of the Memorandum of Association.andArtid~4of .tha Articles of Association of the Company pertaining to the shareca,pita!()fthe CO:lYlpany. The alteration of Memorandum, in terms of Section 94 of theCompanles Act, 1956, can be done by passing an ordinary resolution .and Articles can be altered under the provisions of Section 31 of the Companies Act, 1956 by passing .a special resolution in a general meeting of shareholders of the Company. Therefore, the Board recommends both these

resolutions for your approval. . .

None of the Directors of the Company is concerned or. interested itt these resolutions except to the extent of their shareholdinq in the Company whichmay be sub-divided.

CERTIFIED TRUE COpy

for JI.NDAL JAW LTD.,

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COMP ECRETAR

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