SHRIASTER

Aster Silicates Limited has submitted to the Exchange a copy of notice of Postal Ballot pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of The Resolutions By Postal Ballot) Rules, 2001 in respect of the Special Resolution to be passed through Postal Ballot: (1) Special Resolution to give consent to the Company under Section 17 to amend object clause of Memorandum of Association of the Company.

Aster Silicates Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 22, 2011 has approved, subject to the approval of the members of the Company pursuant to Section 192A of the Companies Act, 1956, an alteration of Main objects by inserting Clause (2) after Clause (1) in the Clause IIIA relating to Main Objects of the Memorandum of Association of the Company. Further, the Company has submitted to the Exchange a copy of the Resolution passed by the Board of Directors of the Company at their meeting held on February 22, 2011.

Aster Silicates Limited has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2010.

Aster Silicates Limited has informed the Exchange that in the meeting of the Board of Directors of the Company held on December 27, 2010, the directors have decided not to alter the main object of the Company.

Aster Silicates Limited has informed the Exchange that the Company has started the first phase commercial production of the new project establish out of IPO funds from December 23, 2010 with 150 MT per day capacity. Further the entire project would be completed by March 2011.

Aster Silicates Limited has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2010.