February 01, 2013

Press Release No. 1

News about Pipavav Defence and Offshore Engineering Company Limited

The media had reports that Pipavav Defence and Offshore Engineering Company Limited is in talks to sell its 26% stake in equity.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Pipavav Defence and Offshore Engineering Company Limited has vide its letter inter-alia stated, "The Company has not made any announcement relating to any content appearing in the media."