Disclosures

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011

| Updated on January 16, 2012 Published on January 16, 2012

Neeraj Singal has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE

Name of the Target Company (TC) : Bhushan Steel Ltd
Name of the Promoter(s) on whose shares encumbrance was created/ invoked/ released : Neeraj Singal
Date of reporting : January 13, 2012
Names of the stock exchanges where the shares of the target company are listed : NSE & BSE

Details of the promoters’ holding
1.Promoter (s) or PACs with him : Neeraj Singal

Pre-event holding (^)
Number : 45535850
% of total share capital : 21.44%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Creation of Pledged 1562500 shares
Date (s) : January 09, 2012

Post event holding (encumbered shares to be excluded)
Number : 43973350
% of total share capital : 20.71%

(*) Details of encumbrance (pledge/lien or others)
Currently Pledge created favoring L&T Finance Ltd
Earlier Pledge of Shares : 20452790 (9.63%)
Current Pledge of Shares : 1562500 (0.74%)
Total Pledge of Shares : 22015290 (10.37%)

2.Promoter (s) or PACs with him : Neeraj Singal

Pre-event holding (^)
Number : 43973350
% of total share capital : 20.71%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Release of Pledged 1597500 shares
Date (s) : January 12, 2012

Post event holding (encumbered shares to be excluded)
Number : 45570850
% of total share capital : 21.46%

(*) Details of encumbrance (pledge/lien or others)
Currently Release of Pledge by DBS Cholamandlam
Earlier Pledge of Shares : 22015290 (10.37%)
Current Release of Pledge : 1597500 (0.75%)
Total Pledge of Shares : 20417790 (9.61%)

(^) Pre event holding (encumbered shares excluding before the event mentioned in the disclosure)

Note :Total holding of Neeraj Singal in the company is 6,59,88,640 equity shares of Rs 2/-each, representing 31.07% of the total Share Capital of the Company which is 21,23,58,310 shares.

Source : BSE - www.bseindia.com

Published on January 16, 2012
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