CLASSIC

Classic Diamonds (India) Limited has informed the Exchange that the Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.

Classic Diamonds (India) Limited has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the nine month ended December 31, 2006 and found the same to be in order subject to certain observations. The auditor's observations are: 1. Non disclosure of Inter segment transfer of Rs. 1.76 crores in the Segment Reporting and; 2. The Company has not accounted for Deferred taxation as required by Accounting Standard 22" Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India.

Classic Diamonds (India) Limited has informed the Exchange that the Board Meeting of the Company was held on November 09, 2006 where the following business was transacted :- (i) Scheme of Amalgamation of M/s. Purvi Diamonds Private Limited. (Transferor Co.) with M/s Classic Diamonds (India) Limited. (Transferee Co. ) was approved by the Board. (ii) The Proposal to raise funds for overseas acquisitions upto $100 million was approved by the Board. (iii) The Board approved the Proposal for Splitting of the shares of the Company from Rs. 10 per share to Rs. 2 per share.

Classic Diamonds (India) Limited has informed the Exchange that the Board Meeting of the Company was held on October 31,2006, where the following business was transacted: Appointment of Mr. Hiren Shah as Whole Time Director in place of Mr. Ashok Ashar.

Classic Diamonds (India) Limited has submitted to the Exchange a copy of the Proceedings of the AGM of the Company held on September 29, 2006. The details of the proceedings 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/Classicdiamonds_171006.zip target=NEW> For more details click here.</a>

Classic Diamonds (India) Limited has informed the Exchange that Mr. Ashok V. Ashar has resigned as a Director of the Company w.e.f. September 01,2006.

Classic Diamonds (India) Limited has informed the Exchange that Classic Diamonds has started ventures with the Retail jewelers in the Saudi Arabian countries with its necklace product line price below US $ 20,000 especially designed for these markets. Classic's Dubai distribution channel has opened up with two wholesalers situated at Jedah and Riyadh. The company expects to have good volume business with them. Supplying to such renowned retailers opens ways for capturing such rich markets. The Company's Designs and cost competitive prices are exactly what these markets demand. The Diamonds con

Classic Diamonds (India) Limited has informed the Exchange that the company has recently set up its manufacturing facility upto 225,000 sq ft at Surat the hub of cutting and Polishing of Diamonds in India. This facility has a capacity to produce over 2.5 million stones a month. These facilities house state of the art technology and are certified with Systems and Standards such as ISO and the Best Practice Principles. It already houses an employee strength of over 3500. Within this manufacturing facility Classic has obtained EOU status for 50000 sq ft area. The company expects turnover of $ 150

Classic Diamonds (India) Limited had informed the Exchange that Classic Diamond ties up with Diamond Direct LLC to tap the US Retail Market. The Company has now informed the Exchange that with regard to the above, there was a clerical error, which is seeked to be rectified as follows "Classic Diamonds (India) Limited is actually looking to set up chain stores in South East Asia and not in the US & Canada as mentioned before. It will continue to expand its wholesale business through Diamond Direct LLC in the US.

Classic Diamonds (India) Limited has informed the Exchange that Classic Diamonds India Ltd (CDIL) has recently entered into an agreement with Diamond Direct LLC a reputed company dealing in Jewellery Outlet and Super Stores in USA to establish retail operations in the US & Canada. Classic Diamond is a DTC sightholder company. The company is present in all the value segments in the jewellery manufacturing chain - from loose diamond's to design and manufacture of retail Jewellery. The rough diamonds are cut &. polished at the company's diamond manufacturing unit and the diamond studded jewellery

Classic Diamonds (India) Limited has informed the Exchange that the Board Meeting of the Company held on September 05, 2006 where the following business was transacted : (1) Approval for holding the A.G.M. of the Company on September 29, 2006. (2) Approval for the date for Book closure which is fixed from September 22, 2006 to September 29, 2006.

Classic Diamonds (India) Limited has informed the Exchange that the company are pleased to announce the soft launch of Company's Delhi Store in Delhi, after receiving a overwhelming response from company's lately opened store at Gurgaon the Gold Souk, Classic Diamonds is a fully integrated business, buying its rough diamonds from the major mining companies, manufacturing it under company's direct control, sorting the polished into regular assortments and finally selling to jewellery manufacturers or company's own jewellery manufacturing company, With the inauguration of this Retail Store, Clas

Classic Diamonds (India) Limited has informed the Exchange that the book closure dates for the purpose of dividend shall be from September 22, 2006 to September 29, 2006.

Classic Diamonds (India) Limited had informed the Exchange that HSBC Financial Services (M.E) Ltd. has acquired 196398 shares of Classic Diamonds (India) Limited on August 09, 2006. The mode of acquisition is market purchase and the shareholding of HSBC Financial Services (M.E) Ltd. after the said acqiisition is 563398 shares of Classic Diamonds (India) Limited. The Company has now informed the Exchange that the number of shares now held by Ms HSBC Financial Services (M.E) Ltd. had been inadvertently shown as 563398 whereas the correct total holding of the Shareholder should be read as 536398.

Classic Diamonds (India) Limited has informed the Exchange that, the Board of Directors of the Company at their Meeting held on July 31, 2006 allotted the Convertible Warrants. The company has submitted to the Exchange a copy of the Resolution passed at the Board Meeting. The details 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).

Classic Diamonds (India) Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 30, 2006 has recommended a dividend at a rate of Rs. 2.00 per equity share to the shareholders in the ensuing Annual General Meeting of the Company.

Classic Diamonds (India) Limited has informed the Exchange that the members of Company at its EGM held on June 24, 2006 have approved the following :- 1) To alter the Articles of Association of the Company so as to enable the Company to issue warrants with an option to apply for the Equity warrants and convert into Equity shares subject to the rules and regulations and guidelines in this regard. 2) To issue and allot upto 3,00,000 Warrants on preferential basis to the persons/entities other than promoters convertible at the option of the warrant holders within an aggregate time period of 18 m

Classic Diamonds (India) Limited has submitted to the Exchange a copy of Notice of EGM which would held on June 24,2006. The details 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).

Classic Diamonds (India) Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 24,2006 has decided the following : 1) To alter the Articles of Association of the Company so as to enable the Company to issue Equity Warrants with an option to apply for the shares and convert into Equity shares subject to the rules and regulations and guidelines in this regard. 2) To issue and allot upto 5,00,000 Convertible Equity Warrants on preferential basis to the persons/entities other than promoters convertible at the option of the warrant holders within an

Classic Diamonds (India) Limited has informed the Exchange that Mrs. Urmila C. Bhansali, a relative of Promoter of the Company has effected the following transactions in the equity shares of the Company :- Sale of 17,100 equity shares on May 05, 2006 of Classic Diamonds (India) Limited.

Classic Diamonds (India) Limited has informed the Exchange that the Company has set up one of the largest diamond cutting factory in surat at Varacha Road, measuring an area of 225000 sq ft. housing 5000 workers. The further details in this respect shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Classic Diamonds (India) Limited has informed the Exchange that they will be opening up 2 more retail stores in Delhi and Ludhiana by June end 2006, with these 2 stores classic diamonds in total will have 5 retail stores across major cites in India, and 1 store in Hongkong. This is in perfect line of Classic diamonds strategy of focusing and growing the retail business in India. In total the Company will be opening up 15 retail stores across the major cities of India. The Company is a sightholder(customer) of the Diamond Trading Company (DTC) and the ABER GROUP(Canadian mines) since past 10 y

Classic Diamonds (India) Limited has informed the Exchange that Mr. Sanjay G Dhruva has resigned as Director and Mr. Zubin Batliwala has been appointed as Director on the Board w.e.f April 3, 2006.

Classic Diamonds (India) Limited has informed the Exchange that Mr. Nirav K. Bhansali, a Director of the Company has effected the following transactions in the equity shares of the Company :- 1) Sale of 20,000 equity shares on January 17, 2006; and 2) Sale of 30,000 equity shares on January 18, 2006.

Classic Diamonds (India) Limited has submitted to the Exchange a copy of the Proceedings of the AGM of the Company held on September 17, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Classic Diamonds (India) Limited has informed the Exchange that the Register of Members of the company will remain closed from September 10, 2005 to September 17, 2005 for the purpose of the AGM of the company which will be held on Septmber 17, 2005 and recommendation of Dividend.

Classic Diamonds (India) Limited has informed the Exchange that the Board of the Company has, while approving the financial results of the Company for the year ended March 31, 2005, decided to recommend a dividend at the rate of Rs.1.80 per equity share to the shareholders in the ensuing AGM of the Company.

Classic Diamonds (India) Limited has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the nine months ended December 31, 2004 and found the same to be in order subject to certain observations. The auditor's observations are: The Company has not accounted for Deferred taxation as required by Accounting Standard 22" Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India.

Classic Diamonds (India) Limited has informed the Exchange that the auditor's have conducted the limited review for the unaudited financial results for the six months ended September 30, 2004 and found the same to be in order subject to certain observations. The auditor's observations are: The Company has not accounted for Deferred taxation as required by Accounting Standard 22 "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India.