Gangotri Iron & Steel Co., Ltd., Board Meeting, May 20, 2013. Agenda: To approve the quarterly results.

Gangotri Iron & Steel Co., Ltd. has launched a new brand called "CISCO DURAMAXX 500D". CISCO DURAMAXX 500 D is the first product in Bihar to have been awarded with ISI FE 500D Certification which provides guarantee of quality, safety and reliability of product to the customer. It is noteworthy that very few manufacturers across India have been awarded with this Fe 500D certification, Bihar, having been categorivicd as a Scismic /one, needs specialized and high quality TMT products to ensure safety of construction. CISCO DURAMAXX 5U0D, through its superior characteristics is the best suited product for such earthquake prone area. The expected turnover of the company in fiscal 2013-14 will be more than INR 5,000 million.

Gangotri Iron & Steel Co., Ltd. announced unaudited financial results for the third quarter ended December 31, 2012. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 221.531 million against INR 292.164 million a year ago. Loss from operations before other income, interest and exceptional items was INR 3.375 million against INR 4.190 million a year ago. Loss form ordinary activities before tax were INR 2.905 million against INR 9.594 million a year ago. Net loss for the period was INR 2.905 million or INR 0.11 per basic and diluted share against INR 10.21 million or INR 0.38 per basic and diluted share a year ago.