Announcements

The Board of Directors of the Company at their meeting held on June 17, 2005 have recommended payment of final dividend @ 30% (Rs.3/- per share of Rs.10/- each) for the Financial Year 2004-05, which is subject to approval of shareholders in the ensuing Annual General Meeting.

The Twentieth Annual General Meeting of the Company will be held on Tuesday, August 16, 2005 at the Registered Office of the Company at Lohia Head Road, Khatima, Distt. Udham Singh Nagar, Uttaranchal.

The Register of Members and Share Transfer Books of the Company will remain closed from August 13, 2005 to August 16, 2005 (both days inclusive) for determining the entitlement of shareholders for the purpose of payment of Final Dividend @ 30% for the Financial Year 2004-05.

Turkey expansion

IPO of Polyplex Thailand Public Company Ltd

Interim Dividend @ 50% Approved By The Board of Directors

The Board of Directors of the Company in their meeting held on October 30, 2004 have approved the payment of Interim Dividend @ 50% inclusive of a special dividend of 20% to mark the 20th Anniversary of the Company’s incorporation. The ‘Record Date’ for the purpose of payment of this Dividend is November 5, 2004.

Polyplex Corporation Film expansion project to relocate to Europe

The Board of Directors of the Company in their meeting held on March 31,2004 reviewed the Polyester Film expansion project, which was proposed to be set up at Khatima, Udham Singh Nagar, Uttaranchal. On reconsideration it was decided to relocate it in Europe in a separate subsidiary company.