HANILERA

Members of the Exchange are hereby informed that trading in the equity shares of Hanil Era Textiles Ltd will be suspended w.e.f. July 12, 2006 (i.e. w.e.f. closing hours of trading on July 11, 2006) as the company has failed to respond to the notice of the Exchange for non-compliance with provisions of listing agreement and / or non-submission of secretarial audit report.

Clarification of News : The press had reports on September 16, 2005 that Hanil Era Textiles Limited has bid for several tenders floated by oil companies for ethanol. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Hanil Era Textiles Limited has vide its letter inter-alia stated, "It is true that in usual course of business the company has participated in the tender floated by Oil Companies for purchase of ethanol,

Clarification of News : The press had reports that Hanil Era Textiles Limited has bid for several tenders floated by oil companies for ethanol. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Hanil Era Textiles Limited.