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Tuesday, April 29, 2008

Sesa Goa Board approves Stock Split, Bonus Issue & recommends final dividend
Sesa Goa Ltd has informed that the Board of Directors of the Company at its meeting held on April 28, 2008, inter alia, has approved the following:

1. Recommendation of Final Dividend of Rs 30/- per share (i.e. 300%) on the existing capital in addition to Interim Dividend paid @ Rs 15/- per share (i.e. 150%).

The same amount of Final Dividend would also be payable to recipients of Company's shares on approval of merger of Sesa Industries Ltd (SIL) with the Company w.e.f. April 01, 2005.

2. The Board has also recommended the following for approval of the Members through Postal Ballot:

a) Sub-division of the Equity Shares of the Company of the face value of Rs 10/- (Rupees ten) each to the face value of Re 1/- ( Rupee one) each.

b) Issue of Bonus Shares in the proportion of 1 (one) Bonus Share of Re 1/-(Rupee one) each for every 1 (one) fully paid-up Equity Shares of Re 1/- (Rupee one) each.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 15
11:30 Claimant Count Rate 2 4.7% 4.6% Revised from 4.7%
11:30 ILO Unemployment Rate (3M) 3 4.4% 4.4% 4.4%
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.9% 6.0% 5.8% Revised from 5.9%
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.6% 5.7% 5.6% Revised from 5.8%
11:30 Employment Change (3M) 3 206K 144K
15:00 10-y Bond Auction 1 4.679%
17:45 Housing Starts s.a (YoY) 1 242.5K 229.0K
18:00 NY Empire State Manufacturing Index 2 -14.5 -20.0
18:00 Export Price Index (YoY) 1 2.1%
18:00 Manufacturing Sales (MoM) 1 -0.2% 1.7%
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