August 07, 2014

Press Release No. 1

Clarification by Jindal Poly Films Limited

Substantial increase in trading volumes have been observed in Jindal Poly Films Limited.

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Jindal Poly Films Limited has vide its letter inter-alia stated," The company at this point of time has no information or plans which may have bearing on the price or volume of the securities of the company."

Press Release No. 2

News about Jindal Steel & Power Limited

The media had reports that “Naveen Jindal to Exit Oil & Gas, Sell Stakes to Cut Debt.".

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.

Jindal Steel & Power Limited has vide its letter inter-alia stated," 1) Oil & gas is not a part of the consolidated results of the JSPL listed entity. 2) JSPL will as usual explore all possible options including monetizing / exiting non-core assets to cut debts."

Press Release No. 3

News about Kemrock Industries and Exports Limited

The media had reports that “US Company invests RS. 260 Million Dollars in Kemrock Industries. ".

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.

Kemrock Industries and Exports Limited has vide its letter inter-alia stated," 1) USA based company "FRP Holding" was interested to Invest in Kemrock Industries and Exports Limited since last couple of Months.

2) Yesterday, Meeting through video conferencing held at Company's Corporate office near Halol amongst Mr. Kalpesh Patel, Managing Director of Kemrock Industries and Exports Limited, Mr. Sanjeev Jain CFO of Kemrock, Mr. Earvin Richard, President of FRP Holdings and Mr. Rakesh Shetty, Chairman of Allahabad Bank (Lead Bank) along with Senior Managers of other Banks. After due negotiation with all consortium Bank, Mr. Earvin Richard agreed to Invest 260 Million Dollars in company for repayment of Banks loan as one time settlement. 3) Pointer to the term sheet, have been drawn amongst Kemrock Industries and Exports Limited, Banks and FRP Holdings US based Company, It shall be put up in the forthcoming Board meeting, slated on 14th August 2014. Formal announcement will be made in due course, once adopted by Board."