September 09, 2014

Press Release No. 1

Clarification by Maan Aluminium Limited

Significant price movement has been observed in Maan Aluminium 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.

Maan Aluminium Limited has vide its letter inter-alia stated," As on date, the Company does not possess any information / announcement, which in our opinion may have a bearing on the price/ volume of shares traded."

Press Release No. 2

News about Patel Engineering Limited

The media had reports that “Company looking to mop up around 800 cr. by selling land parcels in Mumbai, Hyderabad and Bangalore."

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.

Patel Engineering Limited has vide its letter inter-alia stated," That Company intends to reduce its debts to the extent of approximate Rs. 1,000 crores by monetizing its non-core assets and the same shall be informed to the stock Exchanges as and when finalized."