SKUMARSYNF

News Verification : The media had reports that S. Kumars Nationwide Limited may sell its stake in its subsidiary Reid and Taylor (India) Ltd. 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 company. S. Kumars Nationwide Limited has vide its letter inter-alia stated, "The Company is exploring various possibilities and avenues to raise funds for meeting its obligations and business needs. Since the essentials such as the methodology, quantum

S. Kumars Nationwide Limited has informed the Exchange that the Company had received a letter from RoC, Mumbai (Registrar of Companies, Mumbai) asking for comments and clarifications on certain issues raised by an individual. The matters raised by the individual are frivolous and baseless. The Company has already replied in detail to the RoC, Mumbai. SKNL follows best practices in corporate governance and believes that its clarifications and stance will more than adequately address any issues raised and forwarded to the Company. There is no other review being conducted by any government/regula

S. Kumars Nationwide Ltd had informed the Exchange regarding a press release titled "Press release on consolidated results for the year ended March 31, 2009". The Company has now informed the Exchange that "We wish to clarify that the current planned QIP is to raise about US$ 75 million (approximately Rs. 360 Crores) and not Rs. 1000 Crores as reported in some sections of the press. As a consequence, the company is going in for an enabling resolution for Rs. 500 Crores".

S. Kumars Nationwide Ltd has informed the Exchange regarding the clarification on the press report appearing in newspaper dated June 09, 2009 regarding difference between Promoters and Shareholders of Shree Ram Urban Infrastructure Ltd. which mentions inter alia that the company's promoters are the Kasliwal family of the S.Kumars Group. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/sknl_clarification_09062009.zip target=NEW>

S. Kumars Nationwide Ltd has informed the Exchange regarding Clarification on press report appearing in news paper dated 25/05/2009 - "S. Kumars to buy out Obama suit - maker?". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Skumar_Clarify_25052009.zip target=NEW> For more details click here.</a>