POLARIND

Polar Industries Ltd has informed the Exchange that Bear, Stearns & Co. A/C BSMA Limited has acquired 684,200 shares aggregating to 5.02% of the share capital of Polar Industries Ltd. on May 29, 2006. The mode of acquisition is Secondary Market Purchase and the shareholding of Bear, Stearns & Co. A/C BSMA Limited after the said acquisition is 1,184,200 shares aggregating to 8.69% of the share capital of Polar Industries Ltd..

Polar Industries Ltd has informed the Exchange that M/s Sheffield Appliances Ltd. has sold 3,57,000 shares aggregating to 2.62% of the total share capital of Polar Industries Ltd. on May 26, 2006. The mode of sale is Off market through Interse and the shareholding of M/s Sheffield Appliances Ltd. after the said sale is 5,51,491 shares aggregating to 4.04% of the total share capital of Polar Industries Ltd.

Citibank N.A. has informed the Exchange that Bear, Stearns & Co. A/C BSMA Limited has acquired 684,200 shares aggregating to 5.02% of the total paid up capital of Polar Industries Ltd. on May 29, 2006. The mode of acquisition is Secondary Market Purchase and the shareholding of Bear, Stearns & Co. A/C BSMA Limited after the said acquisition is 1,184,200 shares aggregating to 8.69% of the total paid up capital of Polar Industries Ltd..

Polar Industries Ltd has informed the Exchange that Mr. Sunil Agarwal has sold 7,04,000 shares of the total share capital of Polar Industries Ltd. on May 29, 2006. The mode of sale is Secondary Market sale and the shareholding of Mr. Sunil Agarwal after the said sale is 6,67,512 shares aggregating to 4.90% of the total share capital of Polar Industries Ltd..

Polar Industries Ltd has informed the Exchange that Mr. Sunil Agarwal has acquired 3,00,000 shares and 3,57,000 shares of Polar Industries Ltd. on May 28, 2006. The mode of acquisition is Off market through Interse and the shareholding of Mr. Sunil Agarwal after the said acquisition is 13,71,512 shares aggregating to 10.06% of the share capital of Polar Industries Ltd..

Polar Industries Ltd has informed the Exchange that Mr. Sunil Agarwal has sold 4,96,564 shares aggregating to 3.64% of the total share capital of Polar Industries Ltd. on May 23,2006. The mode of sale is Open market and the shareholding of Mr. Sunil Agarwal after the said sale is 7,14,512 shares aggregating to 5.24% of the total share capital of Polar Industries Ltd..

Polar Industries Ltd has informed the Exchange that Mr. Sunil Agarwal has acquired 3,74,000 shares(2.74%) of Polar Industries Ltd. on May 16, 2006.The mode of acquisition is Off market through Interse and the shareholding of Mr. Sunil Agarwal after the said acquisition is 12,11,076 shares aggregating to 8.88% of the share capital of Polar Industries Ltd..

Polar Industries Ltd has informed the Exchange that Concrete Consultancy Services (P) Ltd. has sold 4, 40,000 shares aggregating to 3.23% of the total paid up share capital of Polar Industries Limited. The mode of sale is through Market sales and the shareholding of Concrete Consultancy Services (P) Ltd after the said sale is 6,33,263 shares aggregating to 4.64% of the total paid up share capital of Polar Industries Limited.

Polar Industries Ltd has informed the Exchange that Concrete Consultancy Services (P) Ltd. has sold 4,19,651 shares aggregating to 3.08% of the total paid up share capital of Polar Industries Limited. The mode of sale is through Market sales and the shareholding of Concrete Consultancy Services (P) Ltd after the said sale is 10,73,263 shares aggregating to 7.87% of the total paid up share capital of Polar Industries Limited.

Polar Industries Ltd has informed the Exchange that Concrete Consultancy Services (P) Ltd. has sold 312379 shares aggregating to 2.29% of the total share capital of Polar Industries Ltd. The shareholding of Concrete Coonsultancy Services (P) Ltd after the said sale is 1492914 shares aggregating to 10.95% of the total share capital of Polar Industries Ltd.

Polar Industries Ltd has informed the Exchange of the details of shareholding of the following Directors of the Company as on March 31, 2005 : 1) Anil Agarwal holds 1329953 shares (11.95%); 2) Sunil Agarwal holds 227076 shares (2.04%); 3) M K Rustagi holds 50 shares (0.01%).