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INFORMATION FOR TRANSFER ON UNPAID DIVIDEND

“In accordance with the provision of Section 205A of the Companies Act, 1956 the Company has transferred unclaimed dividend for and up to the year ended 31st March, 2002 to the Investors Education and Protection Fund of the Central Government.”

The unclaimed dividend for the financial year 2004-2005 of the Company will be transferred to the Investors Education and Protection Fund of the Central Government as required under Section 205C of the Companies Act, 1956. The shareholders whose dividend is unclaimed for the said year or any subsequent years are requested to claim the dividend(s) by writing to the Company’s Registrar and Share Transfer Agents. No separate intimation will be sent to individual shareholders in this regard.

INFORMATION RELATING TO AMALGAMATION SCHEME AND REDUCTION OF SHARE CAPITAL

The Hon’able High Court Bombay vide order dated 2nd May, 2008 has approved the scheme of Amalgamation of Excel Synthetics Pvt. Ltd. (“ESPL”) and Konark Silk Mills Pvt. Ltd. (“KSMPL”). The Board of Directors at its meeting held on 31st March, 2009 has approved the allotment of 35,40,000 equity shares of INR 10/- each issued to the shareholders of transferor companies in the following manner:

1. KSMPL in the share Exchange ratio of 21 Equity shares of the Company for every 10 Equity shares held in KSMPL i.e. 21,00,000 Equity shares of INR 10/- each.

2. ESPL in the share Exchange ratio of 9 Equity shares of the Company for every 5 Equity shares held in ESPL i.e. 14,40,000 Equity shares of INR 10/- each.

Further the Hon’ble High Court, Bombay passed an order on 13th March, 2008 for reduction of capital of 42,000 Equity shares of INR 10/- each and utilization of INR 23,10,000/- out of the share premium account, as the said shares were issued to Mr. Parash Rajgarhia one of the allottee in the preferential allotment.

MULTIPLE MAILINGS

Multiple mailings would occur if the shares of the Company are held in multiple folio having identical / same address. Shareholders having identical / same addresses may opt for receiving single copy of the Annual Report for multiple folio. The Shareholders are requested to send their written report to the RTA – Purva Shareregistry (India) Pvt. Ltd. indicating their Folio Nos. / Client ID / DP ID.