Sardar Sarovar Narmada Nigam

Sardar Sarovar Narmada Nigam Ltd has informed that the Board of Directors at their meeting held on November 03, 2008, has decided the following:
1. Redemption of the Deep Discount Bonds earlier pursuant to and in accordance with the Sardar Sarovar Narmada Nigam Ltd (Conferment of Power to Redeem the Bonds) Act, 2008.
2. January 10, 2009 will be the date of redemption of the Deep Discount Bonds.
3. Determined Rs 50,000/- as the redemption amount per Deep Discount Bond.
4. The Register of Transfer of Deep Discount Bonds and the Register of Deep Discount Bondholders will remain closed from December 13, 2008 to January 10, 2009 (both days inclusive) for the purpose of determining the list of bondholders entitled to receive the payment towards the redemption.
Nigam advises the Deep Discount Bondholders to take note of the following:
Pursuant to the provisions of Section 154 of the Companies Act, 1956 and the Listing Agreement with the Stock Exchanges, the Register of Transfers of DDBs and the Register of Deep Discount Bondholders of Nigam shall remain closed from 13.12.2008 to 10.01.2009 (both days inclusive) for the purpose of updation of the said Registers and to determine the names of the Deep Discount Bondholders and their holding for the purpose of payment of the redemption amount. For the attention of Deep Discount Bondholders holding DDBs in Physical Mode: Please surrender the Bond Certificate duly discharged with the words 'discharged for redemption' and by signing on the back of the Bond Certificate so as to reach the Nigam's Registrar and Transfer Agent, namely, MCS Limited, at the address mentioned in this Notice, on or before 12th December 2008. Nigam shall make payment only on surrendering of the Bond Certificate as stated above. The signature of the Deep Discount Bondholder should tally with the signature in the records with Nigam.
For the attention of Deep Discount Bondholders holding DDBs in Electronic Mode:
Nigam will make payment of redemption amount to the Deep Discount Bondholders holding DDBs in electronic mode as per the details of beneficiaries provided by the NSDL and CDSL (Depositories) and the redemption amount shall be credited in their bank accounts through Electronic Clearing System (ECS). Where the ECS facility is not available, the redemption amount shall be sent by account payee cheque at the address provided by the Depositories.
Deep Discount Bondholders holding DDBs in physical mode are requested to notify the change(s), if any, in their address and/or bank particulars, etc. to Nigam's Registrar and Transfer Agent on or before 12th December 2008 by using the attached Proforma. The Deep Discount Bondholders holding DDBs in electronic mode are requested to notify such changes, if any, to their respective Depository Participants. In case of change in guardian, necessary evidence and the signature of such guardian, both of which shall be duly attested by a Judicial Magistrate or Notary Public or Gazetted Officer or Officer of the Public Sector Bank, under the seal, stamp and signature, shall be furnished to Nigam's Registrar and Transfer Agent, on or before 12th December 2008. In case of change in marital status or if the minor bondholder has attained the age of majority, such Deep Discount Bondholders are requested to notify the change in status with necessary evidence and fresh specimen of signature, both of which shall be duly attested in the manner as provided in clause 4 above, to Nigam's Registrar and Transfer Agent, on or before 12th December 2008. In case of death of a sole Deep Discount Bondholder, the executors or administrators or the legal heirs who has obtained probate or letters of administration or succession certificate, as the case may be, from a competent court shall be recognized by Nigam as having title of the DDBs for the purpose of payment of redemption amount. In case of death of one or more of the joint holders, the survivor whose name stands first from amongst the survivors shall be recognized by Nigam for the payment of redemption amount. Necessary evidence in respect of the aforesaid, duly attested in the manner as provided in clause 4 above, shall be furnished to Nigam's Registrar and Transfer Agent on or before 12th December 2008. In case of joint holders of DDBs, the redemption amount will be paid to the Deep Discount Bondholder whose name stands first in the Register of Bondholders. The Deep Discount Bondholders holding DDBs in physical form and who wish to receive the redemption amount through ECS are requested to furnish their bank particulars with the 9 digit MICR code and a blank cancelled cheque or a copy of it to Nigam's Registrar and Transfer Agent on or before 12th December 2008 to update the records. ECS credit will be made only to those centers which are covered through ECS payment. Alternatively, the amount will be sent through account payee cheque at the registered address of the Deep Discount Bondholder. No interest on the redemption amount will accrue after 10th January 2009. If any Deep Discount Bondholder surrenders the duly discharged Bond Certificate after 12th December 2008, the same will be processed for payment only after 10th January 2009 and no interest on such redemption amount shall be payable by Nigam. Any person who has purchased/acquired the DDBs from the existing Deep Discount Bondholders is requested to register the transfer of the DDBs in their names alongwith a request to surrender the Bond Certificate, for redemption amount, in the manner as stated in this Notice to Nigam's Registrar and Transfer Agent on or before 12th December 2008. It is clarified that any transfer of the DDBs by a Deep Discount Bondholder to any person and the endorsement thereof on the reverse of the Bond Certificate made after 10th January 2009 shall not be recognised for transfer by Nigam. Deep Discount Bondholders are requested to furnish the Income Tax Permanent Account Number (PAN) alongwith a photocopy of the PAN card. Tax will be deducted at source as per the provisions of the Income Tax Act, 1961 and Nigam will pay the net amount to the Deep Discount Bondholder. Certificate for deduction of Tax at Source will be sent to the Deep Discount Bondholders in due course of time. .
Separate notice containing the aforesaid information is being sent to the Deep Discount Bondholders at their registered address under certificate of posting.
The Deep Discount Bondholders are requested to contact Nigam's Registrar and Transfer Agents for any query, information or clarifications.

The contact details of the Registrar and Transfer Agent are as under:
MCS Limited,

101, Shatdal Complex,

Opp. Bata Show Room,

Ashram Road,

Ahmedabad - 380 009.

Telephone Nos. : 079 - 265 82878 - 80Fax No. : 079 - 26581296Email : mcsamd@reliancemail.net