NATIONAL SECURITIES CLEARING CORPORATION LIMITED

CAPITAL MARKET SEGMENT

Ref. No.: NSCCL/RMG/2008/0440 October 20, 2008

Download No.: NSE/CMPT/11518

To

All Trading Members,

PCM and Custodians

Sub: Categorization and Margins applicable for ‘KALSTEELS’.

This is with reference to our circular no. NSCC/CM/C&S/337 dated May 09, 2005 (Download Ref No. NSE/CMPT/6122), regarding Cash Market - Risk Management Framework

The security Kalyani Steels Limited (KALSTEELS) shall be categorized under Group II for the purpose of VaR Margins. The VaR Margin & the Extreme Loss Margin rate applicable for the security shall be 62.09 % & 5 % respectively.

The above circular shall be effective from October 21, 2008

 In case of any clarifications, members are requested to contact Mr. Abhijeet Sontakke /Mr.Nagesh Ghadge / Mr. Bhuvnesh Sharma on telephone number 26598266.

Yours faithfully,

For National Securities Clearing Corporation Limited

Aparna Bhat

Manager