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Bihar Tubes Ltd has informed BSE that pursuant to the Over-Allotment Option in terms of the Offering circular dated June 18, 2008 issued by the Company, the Company successfully completed the offering of Global Depository Receipts aggregating US$ 9,999,910 at the rate of US$ 6.80 per Global Depository Receipt to International Investor. Consequently, the Company has allotted 1,470,575 Global Depositary Receipts representing 2,941,150 Equity Shares, par value of Rs 10/- each in favor of the subscribers.

These GDRS shall be admitted to listing on the Official List of the Luxembourg Stock Exchange ['LuxSE'] and to trading on the Euro MTF Market ['Euro MTF'].

Elara Capital PLC, London has been the sole Lead Manager, Global Coordinator and Book Runner to the GDR Issue of the Company.

Bihar Tubes Ltd has informed BSE that the Company has allotted 7,87,000 equity shares of Rs 10/- each to the Strategic Investors pursuant to conversion of 3,93,500 warrants issued earlier on preferential basis.

3,93,500 equity shares allotted on conversion of equal number of warrants and 3,93,500 equity shares allotted as bonus shares which were earlier kept reserved for the warrant holders at the time of bonus issue in the ratio of 1:1 till the conversion of the warrants into equity shares.

Bihar Tubes Ltd has informed BSE that the 1,470,600 Global Depository Receipts representing 2 [Two] Equity Shares of Rs 10/- each issued pursuant to the Global Depository Receipts (GDR) Issue of US$ 10 Million of the Company have been officially listed on the Euro MTF Market ['Euro MTF'] at Luxembourg Stock Exchange ["LuxSE"] since June 18, 2008.

Bihar Tubes Ltd has informed BSE that the Company has successfully completed the offering of Global Depository Receipts aggregating US$ 10,000,080 at the rate of US$ 6.80 per Global Depository Receipt to International Investor. The Closing date for the Issue is June 18, 2008. Consequently, the Company has allotted 1,470,600 Global Depositary Receipts representing 2,941,200 Equity Shares, par value of Rs 10/- each in favour of the subscribers.

These GDRs shall be admitted to listing on the Official List of the Luxembourg Stock Exchange ['LuxSE'] and to trading on the Euro MTF Market ['Euro MTF'].

Elara Capital PLC, London has been the sole Lead Manager Global Coordinator and Book Runner to the GDR Issue of the Company.

Bihar Tubes Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 11, 2008, inter alia, have accorded to the following:

1. The fund raising up to an aggregate amount not exceeding US$ 50 Million or equivalent by way of issuing GDRs / ADRs, preference shares whether Cumulative / Redeemable / Convertible at the option of the Company and / or the action of the holders of the security and / or securities linked to equity shares / preference shares and / or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants convertible into equity shares / preference shares (in addition to US$ 20 Million already approved by the shareholders by way of passing Special Resolution at their Extra Ordinary General Meeting on August 06, 2007) subject to approvals as may be necessary / required in one or more tranches.

2. Increase the authorised capital of the Company to 25,00,00,000 (Rupees Twenty Five Crores) comprising 2,50,00,000 (Two Crores Fifty Lacs) Equity Shares of Rs 10/- (Rupees Ten) each.

Bihar Tubes Ltd has informed BSE that subject to the approval / confirmation of the shareholders of the Company at the ensuing Extra-Ordinary General Meeting, the Board of Directors of the Company at its meeting held on May 16, 2008 has considered and approved as follows:

1. To raise funds up to 50 Million USD through Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) and / or Foreign Currency convertible Bonds (FCCBs) and / or fully Convertible Debentures (FCDs) or any other convertible securities and / or securities linked to equity shares and / or any other instruments or securities through the QIB / Private Placement or Institutional Debts from domestic or international markets and / or combination thereof for the proposed expansion plans and modernization of existing manufacturing facilities of the Company.

2. To increase authorised capital of the Company to INR 250 Million by creation of 9 (Nine) Million additional Equity Shares of Rs 10/- (Rupees Ten) each.

3. Appointment of following persons as director of the Company

[Category: Non-executive Professional Independent]

a. Mr. Srichand Techchand Gerela as additional director

b. Mr. Aniq Husain to fill the causal vacancy caused by the resignation of Mr. Atul Jain.

[Category: Non-executive Promoter]

a. Mr. Vinay Gupta as additional director

b. Mr. Sameer Gupta to fill the casual vacancy caused by the resignation of Mrs. Saroj Rani Gupta.

following these appointments / resignations various board committees are also reconstituted accordingly.

4. To convene an Extra-Ordinary General Meeting of the Members of the Company on June 11, 2008 for seeking the consent of the shareholders for the aforesaid purpose.

Bihar Tubes Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 16, 2008, inter alia, to consider the following businesses:

1. To consider and evaluate the various fund raising options such as Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) and / Foreign Currency Convertible Bonds (FCCB’s) and / or Fully Convertible Debentures (FCDs) or any other convertible securities and / or securities linked to equity shares and / or any other instruments or securities through the QIB / Private Placement route or Institutional Debts from domestic or international markets and / or any combination thereof for the proposed expansion plans and modernization of existing manufacturing facilities of the Company.

2. To consider the reconstruction of Board of Directors and committees thereof.

Bihar Tubes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2008, inter alia, has considered and decided as follows:

1. Allotted 17,98,333 (Seventeen Lakhs Ninety Eight Thousand Three Hundred and Thirty Three) equity shares of Rs 10/- (Rupees Ten each) of the Company to the existing shareholders of Shri. Lakshmi Metal Udhyog Ltd on preferential basis in Consideration of acquiring their 100% equity. This acquisition enables the Company to enhance its market presence in the southern states of the country and would be a high degree integration resulting in an extremely strong balance sheet, earning per share on Consolidated basis, and very Strong earning potential.

2. Allotted 7,82,000 fully Equity Shares of Rs 10/- each to APL Infrastructure Pvt Ltd after adjusting the bonus entitlement in the ratio of 1[one]:1[one], on conversion of 3,91,000 convertible warrants issued earlier.

Suzlon Energy Ltd has informed BSE about the following:

1. The Remuneration Committee of the Board of Directors of the Company and the Board of Directors of the Company have approved on April 15, 2008, the implementation of Employees Stock Option Plan-2007 (ESOP-2007) for all the employees in the grade of Senior Manager and above of the Company and its subsidiary companies, subject however to approval of members;

2. As approved by the Remuneration Committee of the Board of Directors of the Company on February 04, 2008, the Board of Directors of the Company have approved on April 15, 2008, the implementation of Special Employees Stock Option Plan-2007 (”Special ESOP-2007″) for all the employees below the grade of ‘General Manager’ of the Company and its subsidiary companies, subject however to approval of members;

3. The Board of Directors has decided to conduct a Postal Ballot for seeking approval of the shareholders by way of Special Resolution for the following:

(i) Approval of Employees Stock Option Plan-2007 for the employees of the Company and its subsidiary Companies;

(ii) Approval of Special Employee Stock Option Plan-2007 for the employees of the Company and its subsidiary Companies;

(iii) Reappointment of Mr. Tulsi R Tanti as a Managing Director of the Company; and

(iv) Reappointment of Mr. Girish R Tanti as Wholetime Director of the Company.

Bihar Tubes Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 24, 2008, inter alia, have approved, with requisite majority, the proposal to acquire 100% equity of Shri. Lakshmi Metal Udhyog Ltd, Bangalore from its existing shareholders through share swap deal on agreed swap ratio and to issue, as consideration, 17,98,333 (Seventeen Lacs Ninety Eight Thousand Three Hundred and Thirty Three) equity shares of Rs 10/- (Rupees Ten) each of the Company to the existing shareholders of Shri. Lakshmi Metal Udhyog Ltd on preferential basis.