BUY and HOLD SESAGOA

BUY and HOLD SESAGOA
Sesa Goa Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on April 28, 2008 has approved: (1) Book Closure Date for the purpose of Final Dividend has been fixed from July 15, 2008 to July 17, 2008(both days inclusive). (2) Annual General Meeting of the Company will be held on July 23, 2008.

Sesa Goa Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held April 28, 2008 has recommended the following for approval of the Members through Postal Ballot: (a) Sub-division of the Equity Shares of the Company of the face value of Rs.10/- (Rupees ten) each to the face value of Re.1/- (Rupee one) each. (b) Issue of Bonus Shares in the proportion of 1(one) Bonus Share of Re.1/- (Rupee one) each for every 1 (one) fully paid-up Equity Shares of Re.1/- (Rupee one) each.

Sesa Goa Ltd. has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 360216 lacs for year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 149200 lacs for the year ending on 31-MAR-2008.

Sesa Goa Ltd. has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 382265 lacs for year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 154158 lacs for the year ending on 31-MAR-2008.

Sesa Goa Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 164448 lacs for quarter ending on 31-MAR-2008 against Rs. 76011.3 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 79830 lacs for the quarter ending on 31-MAR-2008 against Rs. 25247.77 lacs for the quarter ending on 31-MAR-2007.

Sesa Goa Ltd. has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 170508 lacs for quarter ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 81158 lacs for the quarter ending on 31-MAR-2008.

Sesa Goa Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on April 28, 2008 has approved the recommendation of Final Dividend of Rs.30/- per share (i.e. 300%) on the existing capital in addition to Interim Dividend paid @ Rs. 15/- per share (i.e.150%). The same amount of Final Dividend would also be payable to recipients of Company’s shares on approval of merger of Sesa Industries Limited (SIL) with the Company w.e.f. April 01, 2005.