SHASUNPHAR

Shasun Chemicals And Drugs Ltd. has informed the Exchange that "This is with reference to the article in the Economic Times dated October 18, 2007, stating Reliance, Mylan & Ranbaxy eye Shasun's API biz'. We would like to bring to notice that Shasun is not looking to sell off any part of its business. The news items are based on mere rumours and are hence speculative in nature".

Shasun Chemicals And Drugs Ltd. has informed the Exchange that "This in is respect to the media article : 'Ranbaxy says no plans to issue US shares' that appeared in The Economic Times of Tuesday, 20th February 2007. Shasun Chemicals and Drugs has been erroneously cited as being in the race to buy Ranbaxy's unit in Ireland. The Company would like to clarify that the news item is speculative and we deny any such development at the moment. We re-iterate that as part of the Listing Agreement, any corporate development would be first intimated to the stock exchanges."

Clarification of News : The media had reports that Shasun Chemicals and Drugs Limited may acquire a plant in Europe in contract manufacturing space. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Shasun Chemicals and Drugs Ltd. has vide its letter inter-alia stated, "We would like to clarify that as part of our inorganic growth strategy, we are in talks with various companies at different occasions. These are prel