Sesa Goa Limited Announces Outcome of Board Meeting

  Sesa Goa Limited Announces Outcome of Board Meeting

Business Wire

GOA, India -- August 21, 2013

Pursant to Listing Agreement, Sesa Goa Limited informs you that the Board of
Directors at their meeting held today has taken the following decisions:

    1.  Appointed Mr. Anil Agarwal as the Chairman of the Company with
             immediate effect.
        2.   Appointed Mr. Navin Agarwal as Executive Vice Chairman with
             immediate effect.
        3.   Appointed Mr. Mahendra Singh Mehta as Wholetime Director
             designated as Chief Executive Officer with immediate effect.
        4.   Accepted resignation of Mr. Amit Pradhan as Director and
             Wholetime Director with effect from 18^th August, 2013
             Approved change in designation of Mr. P.K. Mukherjee from
        5.   Managing Director to Executive Director – Iron Ore Business with
             immediate effect.
             

About Sesa

Sesa is India’s leading producer and exporter of iron ore in the private
sector with operations in the states of Goa and Karnataka in India and a large
integrated project site in Liberia, West Africa. Founded in 1954, for about 6
decades, Sesa has been involved in iron ore exploration, mining, beneficiation
and exports. Sesa is a part of Vedanta Resources plc, the London-listed FTSE
100 diversified metals and mining major. Sesa also manufactures pig iron and
metallurgical coke, with a 0.56 mtpa metallurgical coke plant and a 0.625 mtpa
pig iron plant in Goa, and associated two power plants of 30 MW each.

Disclaimer

This press release contains “forward-looking statements” – that is, statements
related to future, not past, events and may be interpreted as ‘forward looking
statements’ within the meaning of applicable laws and regulations. In this
context, forward-looking statements often address our expected future business
and financial performance, and often contain words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.”
Forward–looking statements by their nature address matters that are, to
different degrees, uncertain. Actual results might differ substantially or
materially from those expressed or implied. Important developments that could
affect the company’s operations include a downtrend in the steel, pig iron &
met coke industry – global or domestic or both, significant changes in
political, economic, business, competitive or regulatory environment in India
or key markets abroad and from numerous other matters of national, regional &
global scale including but not limited to natural calamity, tax laws,
litigations, Government policies & regulations, fluctuations in interest and
or exchange rates of Indian Rupee, etc. Any forward-looking information in
this press release has been prepared on the basis of a number of assumptions,
which may prove to be incorrect. This press release should not be relied upon
as a recommendation or forecast by Sesa Goa Ltd. The views expressed herein
may contain information derived from publicly available sources that have not
been independently verified; no representation or warranty is made as to the
accuracy, completeness or reliability of this information. We do not undertake
to update our forward-looking statements.

Contact:

for Sesa Goa Limited
Investor:
Ashwin Bajaj, +91 22 6646 1531
Senior Vice President– Investor Relations
sesa.ir@vedanta.co.in
or
Media:
Sanjeev Verma, +91 832 2460 600
Associate Director - Corporate Communications
sesa.corporatecommunications@vedanta.co.in
 
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