BINANICEM

Binani Cement Limited has informed the Exchange that Fitch Ratings has assigned an Issuer Rating of ("A Ind") to the Company. Fitch has also assigned ratings of ("A Ind") to the outstanding long term bank loans and fund- based cash credit limits and a rating of ("F One Ind") to its non fund based limits.

Binani Cement Limited has submitted to the Exchange copy of information pursuant to the provisions of clause 20 of the Listing Agreement. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Binani_Updates_24042009.zip target=NEW> For more details click here.</a>

Binani Cement Limited has submitted to the Exchange details pursuant to the provisions of clause 20 of the Listing Agreement. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Binami_update_21042008.zip target=NEW> For more details click here.</a>

Binani Cement Limited has informed the Exchange that: "Fitch Ratings vide their communication dated 31st March, 2008 has assigned an Issuer Rating of ("A Ind") to the Company with a stable outlook. Fitch has also assigned ratings of ("A Ind") to the outstanding long term bank loans and fund - based cash credit limits and a rating of ("F One Ind") to its non fund based limits".

Binani Cement Limited has informed the Exchange that pursuant to the powers given to the Investment Committee, Company has invested in 100% of the Capital of Mukundan Holdings Limited, a Company incorporated in the British Virgin Islands. Consequently Mukundan Holdings Limited has become a wholly owned subsidiary of the Company. Further consequent to the request received from Mukundan Holdings Limited, the Finance Committee has approved the giving of a Corporate Guarantee for an amount of United States Dollars 85 Million against facilities granted to them by the lending institutions.