MATRIXLABS

Matrix Laboratories Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 10, 2006 has recommended a dividend of Rs.1.20/- per equity share of Rs.2/- each, for the financial year ended March 31, 2006, subject to the approval of the members.

Matrix Laboratories Limited has informed the Exchange that the Board of Directors at their meeting held on June 01, 2005 considered/approved the following business: 1) Approved in principle merger of Strides Arcolab Limited with Matrix Laboratories Limited. The proposed merger is subject to a valuation exercise to be conducted by an independent firm of Chartered Accountants, while the two companies will conduct due diligence of each others business. The Boards of the two companies expect to meet within 6 to 8 weeks to finalize the terms of the plan. The merger will be effective April 01, 2005