Special situation announcements on 26 Aug 2008

26 August 2008

Subject:	Sasken Communication - Updates on Buy Back Offer
Announcement:	Sasken Communication Technologies Ltd ("Target Company") has informed BSE about the following, which is in continuation of and should be read in conjunction with the Public Notice cum Public announcement dated April 18, 2008 regarding Buy-back of equity shares pursuant to the provisions of Sec 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of securities ) regulations, 1998 and Updates on Buy Back Offer dated May 02, 2008 regarding postponement of the above buyback, pending receipt of approval from Securities and Exchange Board of India (SEBI). SEBI, vide its Letters dated April 29, 2008, May 29, 2008, July 25, 2008 and August 18, 2008 had imposed certain conditions / directives on the Target Company in the implementation of the proposed buyback of shares. The Target Company as on August 25, 2008 have filed an appeal before the Securities Appellate Tribunal such that the Company is permitted to proceed with the Buy Back Scheme with the same conditions as set out in its Public Notice cum Public Announcement dated April 18, 2008.

26 August 2008

Subject:	Jaypee Hotels - Outcome of Board Meeting
Announcement:	Jaypee Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 23, 2008, has taken the following decision: - The Committee of four Directors has been constituted to consider various options of expansion, restructuring of the Company including amalgamation of the Company with other Company/Companies having synergy with the business of the Company.

26 August 2008

Subject:	National Standard fixes Book Closure for De-merger
Announcement:	National Standard Duncan Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 29, 2008 to August 31, 2008 (both days inclusive) for the purpose of implementation of de-merger of the Company's business in accordance with the orders of Hon'ble BIFR, by issue of One fully paid Equity share of the Resulting Company to which the tyre mould business is being transferred under the Scheme of Arrangement (De-merger), for every three fully paid Equity Shares in National Standard Duncan Ltd.
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