MARKET WATCH ..........................
 
   
 
BSE (JKLAKSHMI)
NSE (JKLAKSHMI)
 
For Shareholders of JK Lakshmi Cement Limited & Ashim Investment Company Limited (both registered in India) with addresses outside India.

On amalgamation of the erstwhile Orissa Synthetics Limited (OSL) with Straw Products Limited (SPL) both of India, in the year 1994, the members of OSL became members of SPL [ name subsequently changed to JK Corp Limited w.e.f 17th June 1994 and to JK Lakshmi Cement Ltd. w.e.f. 6.10.2005 (JKLC) ]. A number of members of erstwhile OSL  with their registered addresses outside India did not surrender the share certificates of OSL held by them for exchange with the shares of SPL (now JKLC). Some of the notices and other communication and documents sent to them from time to time since 1994 are received back in undelivered mail.           

Pursuant to a Scheme of Reconstruction, Arrangement and Demerger between JKLC and Ashim Investment Company Limited (AICL) sanctioned by the High Courts of Rajasthan and Delhi, which became effective on 31.3.2006, the Appointed Date being 1.4.2005 (the Scheme), the members of JKLC were entitled to receive, against their holding of every 10 fully paid Equity Shares of Rs. 10 each held by them in JKLC as on the Record Date (19.4.2006), 9 fully paid new Equity Shares of Rs. 10 each of JKLC and 1 fully paid new Equity Share of AICL.

With a view to ensure proper delivery of the new share certificates issued by the Company to its members as aforesaid, on reorganisation of the Share Capital and consolidation pursuant to the said Scheme and as advised by Bombay Stock Exchange Ltd., JKLC and AICL had issued an advertisement in Khaleej Times on 28.4.2006 requesting the shareholders residing in Gulf Countries to intimate their correct addresses for sending the new share certificates. On receipt of confirmation of the addresses from some of the Shareholders, new share certificates have been sent to them at their respective addressses.

Again on 19.12.2006, one more communication was sent to the said Shareholders who have so far not responded, with a request to inform their correct addresses for registration by the Company and for sending the new Share Certificates and all other correspondence to them from time to time including Balance Sheets, Fractional Warrants, etc. The share certificates of JKLC and AICL will be sent to such members of erstwhile OSL immediately on receipt/ confirmation of their correct addresses.