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Odd lot shares Scheme
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Odd Lot Share Scheme

In view of the difficulty experienced by the shareholders of the Company in selling their odd lot shares on the stock market and to mitigate the hardships caused to them, the Company, has framed a scheme for the purchase of odd lot equity shares at the prevailing market price. The scheme was made available to shareholders of the Company who hold shares in odd lots. The main objectives for which the Scheme was formulated are :

(i) To afford an opportunity to odd lot shareholders to dispose off their odd lot
     shares .

(ii) To reduce the number of odd lot shares and number of folios with a view to
     achieving reduction in investor servicing cost.

The scheme would overcome the difficulties faced by the shareholders such as

(i) Absence of liquidity in odd lot shares

(ii) Physical shares fetch discounted stock price and

(ii) Cumbersome procedure and expenses involved in opening demat accounts
     for small holding of few shares.

Salient features of Reliance Energy Limited Odd Lot Shares Scheme
What is an Odd Lot Odd Lot Shares means shares in a single Folio of 1 to 49 shares.
Objective : To provide facility to the existing shareholders of the Company to dispose of their shares held in odd lot i.e. less than the present marketable lot of 50 shares
Duration : Up to March 31, 2007 
Eligibility : 1 to 49 Shares with acceptance in full
Administration : The Scheme will be administered by Trustees of Reliance Energy Ltd. Odd Lot  Shares Trust.
Applicability : The scheme is open to Indian Resident shareholders only holding physical sha res in odd lot as of February 15, 2003 when the scheme was announced.
Payment : Within 15 days from receipt of duly completed Odd Lot  Application form along with other documents.
Mode of payment : Payable at par in the name of First shareholder (Cheque or DemandDraft)
Availability of Forms : With Karvy Consultants Limited

Further information / Clarification 

Shri Praveen Chaturvedi 
Karvy Computershare Pvy. Ltd. 
Plot No. 17-24, 
Vittal Rao Nagar 
Madhapur,Hyderabad 500 081 
Telephone: 040 2342 0815 to 25 
Email: rinfra@karvy.com

Reliance Energy Ltd.
Registered Office : 
Reliance Energy Center, 
Santa Cruz (East), 
Mumbai 400 055
Tel. No. 30099999 Fax. 26160437



June 9, 2003


Dear Shareholders,


Reliance Energy Ltd. Odd Lot Shares Scheme

The Chairman had announced the above Scheme for the benefit of shareholders holding equity shares of the Company in odd lots. Accordingly, the Company has framed a scheme for the purchase of odd lot equity shares at the prevailing market price. This scheme is open to the shareholders of the company, who hold shares in odd lots of 1 to 49 shares in a single folio, condition to acceptance of shares in full with minimum acceptance of 1 and maximum of 49 shares. 

The salient features of the scheme are as set out overleaf. 

The scheme is purely to facilitate the disposal of odd lot shares and is absolutely optional. 

The odd lot shareholders interested in this scheme may write to our R&T Agent Karvy Consultants Limited at Karvy House, 46 Avenue 4, Street No.1, Banjara Hills, Hyderabad 500 034, Telephone:040 2332 0666/2330 4703, Facsimile:040-2332 3058 and email at rel@karvy.com. They will send the related Application Form, upon your request. 

The Application Form duly completed in all respects along with the original share certificate(s) should be sent to the Trustees of the above scheme at Karvy Consultants Limited. 

The shares will be consolidated into marketable lots in the name of Trustees and then sold in the sequence of lodgement of shares in the open market through recognised broker of the Stock Exchange. As and when the sale proceeds are realised, payment will be made to the respective shareholders. 

If you require further clarifications, please contact us at the above address. 

We assure you the best of our service.


Yours faithfully,

Ramesh Shenoy
Company Secretary

Facsimile 040 2332 3058 
Email: rel@karvy.com



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