INDIA SECURITIES LIMITED 2

Sr.No.Details of the Companies India Securities Limited [Transferee Company] ETHL Communications Holdings Limited [Transferor Company]8 Names of Subsidiary/ GroupCompanies and Companieswith which the promoters ofthe resultant company areassociated9 Indicate whether there wouldbe a change in control in theresultant company vis-à-visthe issuing company.10 C a p i t a l s t r u c t u r e a n ds h a r e h o l d i n g p a t t e r n ,after (of issuing company)t h e p r o p o s e d s c h e m eof arrangement, and themanagement’s views on thechange in the public holdingon how it would affect theshareholders at large.11. Audited financial statementsof the companies for thelast three years (as per theformat given in clause 41 ofListing Agreement in caseof transferee company.)Subsidiary CompaniesETHL CommunicationsHoldings LimitedGroup/Associate CompaniesEssar Capital LimitedEssar Satvision LimitedEssar Capital Holdings (India) LimitedEssar Securities LimitedEssar Teleholdings LimitedKroner Investments LimitedGirishan Investment LimitedThere would not be a change in the control in the resultant company vis-à-visthe issuing company.There will not be change in the shareholding pattern post Scheme ofAmalgamation as no new shares are being issued.Please refer point No. 4 for Shareholding pattern prior to Scheme ofAmalgamation.As per Annexure II (A)Subsidiary CompaniesNILGroup/Associate CompaniesEssar Capital LimitedEssar Satvision LimitedEssar Capital Holdings (India) LimitedEssar Securities LimitedEssar Teleholdings LimitedKroner Investments LimitedGirishan Investment LimitedThere would not be a change in the control in the resultant company vis-àvisthe issuing companyPost Scheme the said Company would stand dissolved.As per Annexure II (B)During the F.Y. 2010-11, the Company repaid its entire borrowing out offunds from divestment of 100% stake in its subsidiary12. Basis of valuation Not Applicable Not Applicable13 Nature of Consideration ifany, payable/ receivableunder the scheme14 Mode of payment /ReceiptNot Applicable. Since amalgamation of wholly owned subsidiary Company Not Applicable. Since amalgamation with Holding Company.Not ApplicableNot Applicable15 Manner of surrender/receiptof shares or securities16 The time schedule withinwhich the shares / securitiesare to be surrendered /received and payments tobe made / received.17 Tentative date by whichthe scheme would becomeeffective under theprovisions of the CompaniesAct, 1956 etc.Not ApplicableNot ApplicableAugust 31, 2011Not ApplicableNot ApplicableAugust 31, 201117