EXHIBIT 5
(VSNL LOGO)
Rishabh Nath Aditya
Assistant Company Secretary
HQ/CS/CL.24B/10140
13 October 2003
Sir,
SUB : QUARTERLY COMPLIANCE AS ON 30 SEPTEMBER 2003.
In accordance with the Clause 35 and Clause 49 of the Listing Agreement
please find attached herewith the following:
c) Shareholding Pattern of VSNL as on 30 September 2003 (Attach "A").
d) Quarterly Compliance Report on Corporate Governance for the quarter
ended 30 September 2003 (Attach "B").
Thanking you,
Yours faithfully,
For Videsh Sanchar Nigam Limited
R.N. Aditya
Asst. Company Secretary
To :
1. Security Code 23624, The Stock Exchange, Mumbai, Corporate Relationship
Department, 1st Floor, New Trading Ring, Rotunda Building, Phiroze Jee Jee
Bhoy Towers, Dalal Street, Mumbai - 400 001. Fax No.(22) 2722061, 2721072.
2. The Secretary, Madras Stock Exchange Limited, Post Box No.183, 11, Second
Line Beach, Chennai - 600 001. Fax No.(44) 524 48 97
3. Security Code 32149, The Secretary, Calcutta Stock Exchange Assn. Ltd, 7,
Lyons Range, Calcutta - 700 001. Fax No.(33) 220 25 14/28 37 24.
4. Security Code 22064, The Secretary, Delhi Stock Exchange Assn. Limited,
3/1, Asaf Ali Road, New Delhi - 110 002. Fax No.(11) 329 21 81.
5. Security Code 5251, The Asst. Manager (Listing), National Stock Exchange of
India Limited, Capital Market - Listing, Exchange Plaza, Bandra Kurla
Complex, Bandra (E), Mumbai - 400 051.Fax Nos. : (22) 6598237/38.
6. National Securities Depository Ltd., Trade World, 4th Floor, Kamala Mills
Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013. Fax Nos. :
497 29 93.
7. Mr. Anish Kumar, The Bank of New York, Express Towers, 13th Floor, Nariman
Point, Mumbai - 400 021. Fax No.204 49 42.
8. Head Office : M/s. Sharepro Services, Satam Estate, 3rd Floor,Above Bank of
Baroda, Chakala, Andheri (E), Mumbai - 400 099 Ph. 821 5168 / 820 2108 /
820 2114, FAX 837 5646
9. Ms.Caroline Yap, Managing Director, International Client Services, New York
Stock Exchange. No. :+1 2126565071
10. Mr. Hitendra Patil, Vice President (Operations) Central Depository Services
(India) Limited Phiroze Jee Jee Bhoy Towers, Dalal Street, Mumbai - 400
023. Fax : 267 3199
11. Mr. A.K. Gupta, DGM(FA), for SEC filing requirements, Fax 1195.
Attach A
VIDESH SANCHAR NIGAM LIMITED
SHAREHOLDING PATTERN AS ON 30-SEP-03
HOLDING
---------------------------------
SR. NO. CATEGORY NO. OF SHARES PERCENTAGE
- ------- -------- ------------- ----------
A. PROMOTER'S HOLDING
1 Promoters
Indian Promoters 207247382 72.72
Foreign Promoters 0 0.00
2 Persons acting in concert 0 0.00
--------- ------
SUB -TOTAL 207247382 72.72
--------- ------
B. NON-PROMOTERS HOLDING
3 Institutional Investors
a. Mutual Funds and UTI 598232 0.21
b. Banks, Financial Institutions,
Insurance Companies (Central/
State Govt. Institutions/Non-Government
Institutions) 25315724 8.88
c. FIIs 5459638 1.92
--------- ------
SUB -TOTAL 31373594 11.01
--------- ------
4 Others
a. Private Corporate Bodies 3215566 1.13
b. Indian Public 15005060 5.26
c. NRIs/OCBs 293826 0.10
d. Any other
i ADR 27862326 9.78
ii In transit (NSDL) 2246 0.00
--------- ------
SUB TOTAL 46379024 16.27
--------- ------
GRAND TOTAL 285000000 100.00
========= ======
TOTAL FOREIGN HOLDINGS
HOLDING
---------------------------------
SR. NO. CATEGORY NO. OF SHARES PERCENTAGE
- ------- -------- ------------- ----------
1 FIIs 5459638 1.92
2 NRIs/OCBs 293826 0.10
3 ADR 27862326 9.78
--------- ------
TOTAL 33615790 11.80
========= ======
VIDESH SANCHAR NIGAM LIMITED
DISTRIBUTION OF SHAREHOLDING ENTITIES / PERSONS HOLDING MORE
THAN 1% OF PAID UP CAPITAL AS ON QUARTER ENDING 30
SEPTEMBER 2003 AS PER CLAUSE 35 OF LISTING AGREEMENT
HOLDING
------------------------------
SR. NO. CATEGORY NAME NO. OF SHARES PERCENTAGE
------- -------- ---- ------------- ----------
A PROMOTER'S HOLDING
1 Indian Promoters Panatone Finvest Limited 128250000 45.00
Central Govt.Including Nominees of
President of India 74446885 26.12
TATA SONS LIMITED 4494497 1.58
TATA INVESTMENT CORPORATION LTD 56000 0.02
2 Persons acting in Concert
--------- ------
SUB TOTAL 207247382 72.72
--------- ------
B NON PROMOTERS HOLDING
3 INSTITUTIONAL INVESTORS
a Mutual Funds & UTI
b Financial Institutions
Life Insurance Corporation of India Limited 16900625 5.93
c 0.00
--------- ------
SUB-TOTAL 16900625 5.93
--------- ------
4 OTHERS
a Private Corporate Bodies
b Any other (please specify) The Bank of New York (ADR) 27862326 9.78
--------- ------
SUB-TOTAL 27862326 9.78
--------- ------
GRAND TOTAL 252010333 88.42
========= ======
Attach B
QUARTERLY COMPLIANCE REPORT ON CORPORATE GOVERNANCE
Name of the Company : VIDESH SANCHAR NIGAM LIMITED
Quarter ending on : 30 SEPTEMBER 2003
Clause of
Listing Compliance
Particulars Agreement status (Yes/No) Remarks
- ----------- --------- --------------- -------
1. 2. 3. 4.
Board of Directors 49 I Yes As of 30 September 2003, VSNL had a total of twelve
Directors, out of whom two are Executive Directors
and ten are non-executive Directors including the
Chairman. There were four independent Directors.
Audit Committee 49 II Yes The Audit Committee of VSNL consists of five members
with all the Directors being non-executive and two
of them being independent with one of independent
Directors being its Chairman.
Shareholders/Investors 49 VI(C) Yes Investors Grievance Committee as required under
Grievance Committee Clause 49 is in place under the Chairmanship of a
non-executive Director.
Remuneration of Directors 49 III Yes The non-executive Directors on the Board of VSNL are
paid only sitting fees as per the applicable
provisions of the Companies Act, 1956. The
Government Directors do not accept sitting fees.
Board Procedures 49 IV Yes
Management 49 V Yes
Shareholders 49 VI Yes
Report on Corporate 49 VII Yes
Governance
---------------------------------
Satish Ranade
Executive Director (Legal) & Company Secretary