S R IND......JUSS INFO SHARING

The company has made the following disclosures to BSE at various pointsof time in 2005.details are pasted below.News Subject: SR Industries - UpdatesNews Body: SR Industries Ltd has informed BSE that the Company is presentlyengaged in the manufacture of terry towels at Derabassi, Distt. Patiala,Punjab with an annual capacity of 1500 MT. The Company had pre-paid &cleared the dues of Industrial Development Bank of India.In the current financial year 2005-06, the Company has undertaken amajor expansion programme to double its capacity to 3000 MT/annum and islikely to be commissioned by December 2005. The Company during thecurrent year is expected to achieve a turnover of Rs 500 million and acash profit of Rs 75 million.The Private Promoters have bought the entire holding of 26.10 lac equityshares equivalent to 24.08% from its co-promoter / Joint Sector partnerThe Punjab State Industrial Development Corporation Ltd - a Governmentof Punjab Undertaking.News Subject: SR Industries - UpdatesNews Body: SR Industries Ltd has informed BSE that during the year 2003-04 thecompany had negotiated with the Industrial Development Bank of India(IDBI) for the payment of its total dues amounting to Rs 77.601 millionto be made in installments by April 15, 2005. The Company has pre paid &cleared all IDBI dues on March 29, 2005. SR Industries - Outcome of Board MeetingNews Body: SR Industries Ltd has informed BSE that the Board of Directors of theCompany at its meeting held on September 22, 2005, inter alia, has takenthe following decisions:1. Fixed a price of Rs 29/- (Rs 10/- face value plus Rs 19/- sharepremium) per share for the preferential issue of equity share and theresultant shares arising out of conversion / exchange of warrants,convertible into equal number of equity share (resultant shares), at anytime on or after April 01, 2006 but before February 28, 2007.2. Allotted 5,19,000 equity share and 5,91,000 convertible warrants atabove price to M/s Universal Cyber Infoway Ltd and M/s Susang Mac PvtLtd companies within Promoter Group, in equal proportion