JISCO:SEC:SEs:134 

January 28, 2005

The Stock Exchange Mumbai,
The National Stock Exchange of India Ltd
The Delhi Stock Exchange Association Ltd

Dear Sir,

Sub. : Considering the UnAudited financial Results for the quarter ended 31st December 2004: Withdrawal of Agenda.

1. Please refer to our letter No. JISCO:SEC:SEs:125 dated 17th January 2005, whereby we have informed you that Board Meeting, to consider amongst other things and to take on record the Un- audited financial results of the Company for the quarter ended 31.12.2004, is re-scheduled to be held on 31.01.2005.

2. In this context, following the approval of the Scheme of Arrangement and Amalgamation between Jindal Iron & Steel Co. Ltd.(JISCO), Jindal Vijayanagar Steel Ltd.(JVSL) and Jindal South West Holdings Ltd. (JSWHL) by the Hon’ble High Court of Karnataka and Mumbai and the consequent de-merger of investment business with JSWHL and amalgamation of remaining steel business with JVSL, the agenda item with respect to taking on record the unaudited financial results for the quarter ended 31.12.2004, being not applicable, stands withdrawn.

The Board now at its meeting scheduled on 31.01.2005 will take on record the orders sanctioning the Scheme and fix the record date for the purpose of issue of shares by JVSL & JSWHL.

This is for information of your members and all concerned.

Thanking You.

Yours faithfully,
for Jindal Iron & Steel Co Ltd.


Lancy Varghese
Company Secretary