TRF Board approves Bonus Issue- Ratio of 1(one):1(one)

June 17, 2009

TRF Ltd, A Tata Enterprise, has informed BSE that the Board of Directors of the Company at its meeting held on June 16, 2009, has approved the issue of Bonus Shares in the ratio of 1:1 (i.e. one share for every one share held by the existing shareholders of the Company), subject to the approval of Shareholders at the forthcoming Annual General Meeting of the Company scheduled to be held on July 20, 2009.

Earlier in this month, TRF Ltd had entered in to a shareholders agreement along with M/s. Tata Capital Ltd and Jasper Industries Pvt. Ltd to form a joint venture viz. "Adithya Automotive Applications Pvt. Ltd"

"Adithya Automotive Applications Pvt. Ltd" is a Private Limited Company constituted with one of the main objects of engaging in the business of automotive applications to provide end solutions through fabrications and machining for vehicles to be used as tippers, load bodies, trailers, refrigerated bodies, etc.

The Shareholding pattern of the joint venture of "Adithya Automotive Applications Pvt Ltd" would be as follows:

1. Name of the Company: TRF Ltd
- Shareholding(%) : 51%

2. Name of the Company: Jasper Industries Pvt. Ltd
- Shareholding(%) : 29%

3. Name of the Company: Tata Capital Ltd
- Shareholding(%) : 20%.

TRF Ltd is a pioneer in engineering and supply of material handling equipment and systems for five decades. The company also owns a subsidiary, York Transport Equipment (Asia) Pte Limited, Singapore, which is engaged in the business of production and distribution of trailer undergears, with market presence in 27 countries and manufacturing base in Singapore and Australia and India, from April 2009..

(Rajen Sahay)
Head, Corporate Communications
TRF Limited