SURYCOTMIL

Suryalakshmi Cotton Mills Ltd. has informed the Exchange regarding the proposed acquisition of shares by the following Promoters of the Company from other Promoters on June 08, 2005: 1) Padmini Agarwal proposes to acquire 300,000 shares aggregating to 5.03% of the share capital of the Company and the shareholding after the proposed acquisition will be 388,010 shares aggregating to 6.50% of the share capital of Suryalakshmi Cotton Mills Ltd; 2) Satyabhama Bai proposes to acquire 709,946 shares aggregating to 11.90% of the share capital of the Company and the shareholding after the proposed acqu

Paritosh Kumar Agarwal has informed the Exchange that he proposes to acquire 300,000 equity shares aggregating to 5.03% of the share capital of the Company from Upender Kumar Agarwal. The date of the proposed acquisition is June 08, 2005 and the mode of the proposed acquisition is through Inter-se transfer. The shareholding of Paritosh Kumar Agarwal after the proposed acquisition will be 629,136 shares aggregating to 10.54% of the share capital of Suryalakshmi Cotton Mills Ltd.

Aparna Agarwal, FNG Paritosh Kumar Agarwal has informed the Exchange that she proposes to acquire 63,904 equity shares aggregating to 1.07% of the share capital of the Company from Viraj Agarwal. The date of the proposed acquisition is June 08, 2005 and the mode of the proposed acquisition is through Inter-se transfer. The shareholding of Aparna Agarwal after the proposed acquisition will be 325,904 shares aggregating to 5.46% of the share capital of Suryalakshmi Cotton Mills Ltd.

Vedanth Agarwal, FNG Paritosh Kumar Agarwal has informed the Exchange that he proposes to acquire 240,845 equity shares aggregating to 4.04% of the share capital of the Company from the following transferors: (i) 122263 shares from Ritesh Kumar Agarwal; (ii) 18000 shares from U. K. Agarwal H.U.F.; and (iii) 100582 shares from Arti Agarwal. The date of the proposed acquisition is June 08, 2005 and the mode of the proposed acquisition is through Inter-se transfer. The shareholding of Vedanth Agarwal after the proposed acquisition will be 454,753 shares aggregating to 7.62% of the share capital o

Padmini Agarwal has informed the Exchange that she proposes to acquire 300,000 equity shares aggregating to 5.03% of the share capital of the Company from Upender Kumar Agarwal. The date of the proposed acquisition is June 08, 2005 and the mode of the proposed acquisition is through Inter-se transfer. The shareholding of Padmini Agarwal after the proposed acquisition will be 388,010 shares aggregating to 6.50% of the share capital of Suryalakshmi Cotton Mills Ltd.

Satyabhama Bai has informed the Exchange that she proposes to acquire 709,946 equity shares aggregating to 11.90% of the share capital of the Company from the following transferors: (i) 451,859 shares from Usha Bai; and (ii) 258,087 shares from Upender Kumar Agarwal. The date of the proposed acquisition is June 08, 2005 and the mode of the proposed acquisition is through Inter-se transfer. The shareholding of Satyabhama Bai after the proposed acquisition will be 12,90,416 shares aggregating to 21.63% of the share capital of Suryalakshmi Cotton Mills Ltd.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that Sri U.K.Agarwal, Additional Managing Director of the Company has resigned as Additional Managing Director w.e.f. April 1, 2005.

Members of the Exchange are hereby informed that the trading in equity shares of Suryalakshmi Cotton Mills Ltd. shall be suspended w.e.f April 06, 2005 (i.e. closing hours of trading on April 05, 2005) on account of Scheme of Arrangement between Suryalakshmi Cotton Mills Ltd. and Rajvir Industires Limited.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that the scheme of arrangement of demerger in the Mahabubnagar Yarn Division of the Company into Rajvir Industries Limited has been approved by the Hon'ble High Court of Andhra Pradesh. The Company has filed certified copy of the Court Order with the Registrar of Companies, Andhra Pradesh. In terms of the sanctioned Scheme of Arrangement, the equity shareholders of the Company on the record date will be issued: (a) One equity share of face value of Rs.10/- each in Rajvir Industries Limited for every three equity shares of Rs.10/- each he

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that Shri Paritosh Agarwal (Director) has sold 19,800 shares of Suryalakshmi Cotton Mills Limited on February 21,2005.The mode of sale is through off market and the shareholding of Shri Paritosh Agarwal after the said sale is 493705 shares aggregating to 5.52% of the total share capital of the company.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange regarding a press release proposed to be issued by the Company regarding the following: 1) Major achievements of the company in the current year; 2) Expansion plans; 3) Strategy for growth; 4) Opportunities before the Company; 5) Competition; 6) Post-quota scenario and the growth of the Company; 7) Goal. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that Mr. Paritosh Agarwal has acquired 19,800 shares of Suryalakshmi Cotton Mills Ltd. on December 30, 2004. The mode of acquisition is Off Market and the shareholding of Mr. Paritosh Agarwal after the said acquisition is 513505 shares aggregating to 5.74% of the total share capital of the company.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that the auditor's have conducted the limited review for the unaudited financial results for the quarter ended September 30, 2004 and found the same to be in order subject to certain observations. The auditor's observations are: Non recognition of deferred tax liability in accordance with Accounting Standard 22.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that in the post WTO scenario for the textile industry from the year 2005 onwards, the Company expects a better future. Accordingly to catch up with the emerging global scenario, the Company is expanding its denim manufacturing capacity from 20 million metres p.a. to 30 million metres p.a. It also proposes to add before end of March, 2005, 5000 spindles to its existing spindleage of around 70000. This expansion is expected to be in value added yarns like doubled yarn, TFO and combed yarns, etc. The above CAPEX proposals of about Rs.20 Cr

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that the company has received the following information of changes in the shareholding made by Director of the Company in respect of sale of shares : C Narsi Reddy has sold 35,600 (0.40%) shares of the Company on November 29, 2004. The mode of sale is Off Market and the shareholding of C Narsi Reddy after the said sale is Nil shares of the Company.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that at the meeting held on October 30, 2004 the Board of Directors approved the demerger of the Mahabubnagar Spinning Unit along with the Dyeing Plant into a separate Company viz. Rajvir Industries Limited. The appointed date for the demerger process is September 1, 2004. In consideration of the demerger, the shareholders of Suryalakshmi will receive 1(one) fully paid share of Rs. 10/- each in Rajvir Industries Limited for every 3 (three) shares of Rs. 10/- each held by them in Suryalakshmi as on the record date to be fixed in consultat

The shareholders of Suryalakshmi will participate in the capital of the new Company in a proportion to be determined by independent professional accountants. Subject to all compliances, shares of the new Company, Rajvir Industries Limited will also be listed on the Stock Exchanges. Further information on demerger process including that of ratio of share exchange, etc., will be intimated soon after the same is approved by the BoD's which is likely to be on or before October 31, 2004.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that in the Board Meeting held on October 01, 2004, the BoD's of the company considered various restructuring options and approved proposal of demerger of its yarn division i.e. the yarn manufacturing unit at Mahabubnagar (including the Dyeing Plant) will stand transferred, w.e.f. September 01, 2004 to a newly incorporated company viz., Rajvir Industries Limited. Suryalakshmi will continue with denim operations including the yarn division at Amanagallu, Mahabubnagar District for its captive needs. The dismantling of the quota regime from

News Verification : The press had reports that Suryalakshmi Cotton Mills Limited has proposed to increase the denim capacity at its Ramtek Plant in Nagpur from 15 million metres to 18 million metres during the next few months. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Suryalakshmi Cotton Mills Limited has vide its letter inter-alia stated, "The expansion of the capacity mentioned is as a natural result of t