June 06, 2014
Press Release No. 1
News about SUBROS LIMITED
The media had reports that
"Company got an order from Renault Nissan to supply Air Conditioners.”
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.
Subros Limited has vide its letter inter-alia
stated, “As part of diversification of our business we have already set-up a
plant in Chennai to cater southern India based vehicle manufactures. All these
details are already part of the disclosure in the Annual Reports. We have also
received Nomination letter for supply of Compressors from M/s Renault Nissan in
May ' 13 for their upcoming model (Entry level car) with Start of Production
(SOP) w.e.f February 2015. This will be converted into a Rate Contract after
Product approval by Customer. This is expected by Oct’14”
Press Release No. 2
Market-wide
Position Limit in IBREALEST
The derivative
contracts in the underlying IBREALEST have crossed 95% of the market-wide
position limit on June 06, 2014. It is hereby informed that all clients/
members shall trade in derivative contracts of
IBREALEST by offsetting their existing positions till the open interest
comes down to 80% of the market wide position limit.