FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month May 2003 Commission File Number 001-15118 VIDESH SANCHAR NIGAM LIMITED (Translation of registrant's name into English) Videsh Sanchar Bhavan, Mahatma Gandhi Road, Mumbai 400 001, India (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ] Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):__________ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):__________ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2 (b): 82 - ______________. Registrant hereby incorporates in the report on Form 6-K the following Exhibits: Exhibit Number Description of Exhibit 1. Notice of meeting of the Board of Directors of VSNL to consider the audited financial results of VSNL for the quarter and the financial year ended 31 March 2003. 2. Press advertisement relating to the meeting of the Board of Directors of VSNL to consider the audited financial results of VSNL for the quarter and the financial year ended 31 March 2003. 3. Notice regarding VSNL Voluntary Retirement Scheme (VRS-2003). Forward-Looking Statements All words and statements other than statements of historical fact included in this Form 6-K (including the attached exhibits), including, without limitation, "expect", "believe", "plan", "intend", "estimate", "anticipate", "may", "will", "would" and "could" or similar words and statements concerning the registrant and its prospects, and other statements relating to the registrant's expected financial position, business strategy, the future development of the registrant's operations and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the registrant, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the registrant's present and future business strategies and the environment in which the registrant will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of the registrant's industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in the registrant's control, include, but are not limited to, those risk factors discussed in the registrant's various filings with the Securities and Exchange Commission, including its annual report of Form 20-F filed on September 27, 2002. These forward-looking statements speak only as of the date of this Form 6-K. The registrant expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in the registrant's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised. VIDESH SANCHAR NIGAM LIMITED By:/s/ Arun Gupta --------------------------------- Name : Arun Gupta Title: Executive Director (Finance) Date: May 27, 2003 3