OREANDA-NEWS. March 5, 2011. Pursuant to the provisions of Listing Agreement, this is to inform you that the meeting of the Board of Directors will be held on Saturday, 12th March, 2011 to consider the following actions in view of order of Hon'ble Supreme Court of India dated 7th February, 2011, upholding the Order of Single Judge of High Court of Bombay at Goa dated 18th December, 2008, approving the Scheme of Amalgamation of Sesa Industries Limited (SIL) with Sesa Goa Limited (SGL) with appointed date of 1st April, 2005 :

Allotment of Shares to the shareholders of erstwhile SIL holding shares as on Record Date, 28th February, 2011, in the ratio of 1:5 (with benefits of sub-division and bonus), i.e. for every one share of SIL of face value of Rs.10 each, four shares of SGL of face value of Re. 1 each.

Consequent distribution of dividend to aforesaid allottees in terms of the said Scheme of Amalgamation.