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Mahindra Ugine Steel Co.: Clarification

With reference to the Increase in Volume, Mahindra Ugine Steel Company Ltd has Clarified to BSE as under:

'The Company has been making adequate and timely disclosures to the stock exchanges under the provisions of the Listing Agreements, including the clause 36 thereof.

Further, as requested in your said letter, we confirm that there is no information/ announcement (including pending announcement) which in our opinion may have a bearing on the price/volume behavior in the scrip of the Company and need to be disclosed to the stock exchanges.'