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Sterlite Industries (India) Limited Update On The Court Convened Meeting Of The Equity Shareholders

Stocks in this article: SLT

We wish to inform you that, pursuant to order dated 26 thApril, 2012 passed by Hon’ble High court of Judicature at Madras, meeting of equity shareholders of the Company was held on Thursday, 21 stJune, 2012 at 10 a.m. at Tamira Club, Tamira Niketan, SIPCOT, Industrial Complex, Madurai- Bypass Road, T. V. Puram P. O. Tuticorin – 628002.

Of the members present and validly voting 89.75% in numbers representing 92% of votes in value voted in favour of the resolution approving the Scheme. Details of the voting are enclosed in Annexure 1.

Accordingly, the Scheme has been approved by Company’s equity shareholders with requisite majority, being more than 50% in number and 75% in value of the members present and voting at the meeting.

The scheme is now subject to the approval of the Hon’ble High Court of Judicature at Madras.

Annexure 1

Summary of the voting at the meeting for approving the Scheme of Amalgamation and Arrangement under Sections 391 to 394 read with Sections 78, 100 to 103 of the Companies Act, 1956 amongst Sterlite Industries (India) Limited, The Madras Aluminium Company Limited, Sterlite Energy Limited, Vedanta Aluminium Limited and Sesa Goa Limited and their respective Shareholders and Creditors

Particulars   For   %   Against   %   Total

Total number of members voted

703 81.65% 158 18.35% 861
Total value of votes 217,88,60,564 89.38% 25,87,52,657 10.62% 243,76,13,221

Valid number of members voted

657 89.75% 75 10.25% 732

Valid value of votes

212,73,60,907 92.00% 18,50,73,400 8.00% 231,24,34,307

Invalid number of members voted

46 83 129
Invalid value of votes 5,14,99,657 7,36,79,257 12,51,78,914

For further information, please contact:

Ashwin Bajaj

Senior Vice President – Investor Relations

Sterlite Industries (India) Limited

Tel: +91 22 6646 1531

Sheetal Khanduja

AGM – Investor Relations

Sterlite Industries (India) Limited

Tel: +91 22 6646 1531


About Sterlite Industries

Sterlite Industries (India) Limited is India’s largest diversified metals and mining company. The company produces aluminium, copper, zinc, lead, silver, and commercial energy and has operations in India, Australia, Namibia, South Africa and Ireland. The company has a strong organic growth pipeline of projects. Sterlite Industries is listed on the Bombay Stock Exchange and National Stock Exchange in India and the New York Stock Exchange in the United States. For more information, please visit


This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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