MICRO

Micro Inks Limited has informed the Exchange that:"Effective November 02, 2009, the Company has divested Micro Inks GmbH, Austria in favour of Michael Huber Austria GesmbH by transferring entire share capital at a total consideration of EURO 17292/- (Euro Seventeen Thousand Two Hundred Ninety Two Only) as valued by an independent firm of Chartered Accountant, after transfer of entire common stocks (including Additional Paid-in Capital) of Hostmann Steinberg. Inc. USA (HST-USA) to Micro Inks Limited. (Transfer of HST-USA to Micro Inks Limited took place on July 20, 2009)".

Micro Inks Limited has informed the Exchange that "The Company has acquired 100% Common Stocks (including Additional Paid-in Capital) of Hostmann Steinberg Inc. USA from Micro Inks GmbH, Austria, a wholly owned subsidiary of the Company and the Common Stocks have been transferred in the name of the Company on July 20, 2009 and thereby the Hostmann Steinberg Inc. USA has become direct wholly owned subsidiary of the Company".

Micro Inks Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 14, 2009. (1) Has decided to acquire Common Stocks (including Additional Paid-in Capital) of Hostmann Steinberg Inc. USA from Micro Inks GmbH, Austria, a wholly owned subsidiary of the Company at Net Assets Value of US$ 2280, as certified, by a professional firm of Chartered Accountants. (2) And then to de-register Micro Inks GmbH, Austria a wholly owned subsidiary of the Company. (3) Has also decided to close Micro Inks (Hong Kong) Limited, a subsidiary of the Company's Subs

Micro Inks Limited has informed the Exchange that the Honorable High Court of Gujarat vide its oral order dated October 15, 2008 which was received on October 23, 2008, has confirmed the utilisation of the credit balances, in the Security Premium Account (to the extent of Rs.3371.43 Million) and Capital Redemption Reserve Account (to the extent of Rs.450.00 Million) of the Company for the purpose of writing-off Investments made by the Company in Subsidiary Companies namely Micro Inks GmbH, Austria (Rs.2233.57 Million) and Hostmann Steinberg Inc. USA (Rs.1587.86 Million) to the extent of Rs.382

Micro Inks Limited has informed the Exchange that: "The CRISIL Limited has reaffirmed the "P1+ (pronounced "P" one plus) rating to the Company's Commercial Paper (CP) programme for an amount upto Rs.400 million vide its letter dated October 15, 2008".