25 September 2009

PRESS RELEASE

The Tinplate Company of India Limited is making a simultaneous but unlinked issue of 4,31,90,851 Equity Shares of Rs.10 each at a premium of Rs.35 per equity share aggregating Rs.19,435.88 lakhs to the existing Equity shareholders on rights basis in the ratio of 3 Equity Shares for every 2 Equity Shares held on the record date (10th September 2009) and 3% 1,79,96,188 Fully Convertible Debentures (FCDs) of the face value of Rs.100 each at a price of Rs.100 each aggregating to Rs.17,996.19 lakhs in the ratio of 5 Fully Convertible Debentures for every 8 Equity Shares held on the record date. 

The aforesaid Rights Issue opened on 17th September 2009 and is slated to close on 1st October 2009.

Shareholders having queries on the Rights Issue may contact the Company Secretary or Link Intime India Private Limited, the Registrar to the Issue, or Citigroup Global Market India Pvt. Ltd. and SBI Capital Markets Limited the Lead Managers to the Issue. The Shareholders are also advised to refer to the ‘Risk Factors’ in the Letter of Offer dated 3rd September 2009.

The Company’s simultaneous but unlinked Rights Issue of Equity Shares and Fully Convertible Debentures is subject to market conditions and other considerations and a Letter of Offer dated 3rd September 2009 has been filed with SEBI.  The Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the website of the Lead Managers at www.citibank.co.in and www.sbicaps.com.

Dated :25.09.2009                                                             Public Relations Department