UNIONCARBI

Eveready Industries Ltd has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the three / nine months ended December 31, 2004 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Further, the company has informed the Exchange that the Auditors in their Report on the Accounts for 2003-04 have made certain remarks in regard to certain overdue loans and advances, interest accrued on loans and year

Eveready Industries Ltd has informed the Exchange that Messrs. Price Waterhouse who have been acting as Auditors of the Company jointly with Messrs. S. B. Billimoria & Co. have resigned following the Demerger of the Bulk Tea Division of the Company. They have been appointed as Auditors of McLeod Russel India Limited to which the said Bulk Tea Division stands transferred.The company has further informed that at the Board Meeting held on March 22, 2005 the resignation of Messrs. Price Waterhouse was accepted and it was deided not to fill in the vacancy caused by such resignation. Accordingly, in

Eveready Industries Ltd has informed the Exchange that the following changes in the Board of Directors of the Company have become effective from March 22,2005: 1) Mr. Diwan Arun Nanda: Appointed as Non-Executive Director; 2) Mr. S. Saha: Appointed as Wholetime Director and Chief Financial Officer; 3) Dr. R. Srinivasan: Resigned as a Director; 4) Mr. R.S. Jhawar: Resigned as a Director.

Eveready Industries Ltd has informed the Exchange that at the Meeting of the BODs of the Company held on 22 March, 2005 the Board approved a proposal to set up a factory in Uttaranchal for the manufacture of dry cell batteries with a capacity of 400 million pieces per annum at an estimated investment of Rs. 60 crores. The project is envisaged to be implemented over the next 18 months.

Members of the Exchange are hereby informed that the trading in equity shares of Eveready Industries Ltd. shall be suspended w.e.f March 15, 2005 (i.e. closing hours of March 14, 2005) on account of Scheme of Arrangement.

Eveready Industries Ltd has informed the Exchange that consequent upon the Scheme of Demerger becoming effective on February 24, 2005 upon filing of the certified copy of the Order dated January 17, 2005 of the Hon'ble High Court at Calcutta passed on January 17, 2005 sanctioning the Scheme with the Registrar of Companies, West Bengal, the Company has fixed March 22, 2005 as the Record Date for the following purpose : (a) implementation of the reduction of the face value of each equity share of the Company from Rs.10 to Rs.5 by issue and allotment of one equity share of the reduced value of Rs

Eveready Industries Ltd had informed the Exchange that the Scheme of Arrangement for the Demerger of the Bulk Tea Division of the Company had been sanctioned by the Hon'ble High Court at Calcutta by its Order dated January 17, 2005. The Company has now informed the Exchange that certified copies of the aforesaid Order dated January 17, 2005, were received on February 24, 2005 and upon filing of the same with the Registrar of Companies, West Bengal, the Demerger has become effective on February 24, 2005 with retrospective effect from April 01, 2004.

Eveready Industries Ltd has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the three / six months ended September 30, 2004 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Eveready Industries Ltd has informed the Exchange that Williamson Magor & Co. Limited have sold 21,05,000 shares aggregating 3.77% of the voting rights of Eveready Industries Ltd. The details of sale is as follows : (i) 105000 shares (0.19%) from January 24, 2005 to January 28, 2005 and (ii) 20,00,000 shares (3.58%) on January 31, 2005. The shareholding of Williamson Magor & Co. Limited after the said sale is 1,09,93,019 shares representing 19.71% of the voting rights of Eveready Industries Ltd.

Williamson Magor & Co. Limited has informed the Exchange that they have sold 21,05,000 shares aggregating 3.77% of the voting rights of Eveready Industries Ltd. The details of sale is as follows : (i) 105000 shares (0.19%) from January 24, 2005 to January 28, 2005 and (ii) 20,00,000 shares (3.58%) on January 31, 2005. The shareholding of Williamson Magor & Co. Limited after the said sale is 1,09,93,019 shares representing 19.71% of the voting rights of Eveready Industries Ltd.

Eveready Industries Ltd has informed the Exchange that at a hearing held on January 17,2005,the Hon'ble High Court at Calcutta has approved the "Scheme of demerger- Scheme of Arrangement between Eveready Industries India Ltd. (EIIL) and Eveready Company India Limited (ECIL) and their respective shareholders for the transfer of the undertaking of Bulk Tea Division from EIIL to ECIL" in terms of Section 391,393 and 394 of the Companies Act, 1956.

Eveready Industries Ltd has informed the Exchange that at present the Company has two battery manufacturing units at Chennai in Tamilnadu: One at Tiruvottiyur High Road in North Chennai which was set up in 1952, having a currant output of about 210 million batteries per annum, and another at Developed Plot No. 1, Industrial Estate at Guindy, near the Chennai Airport, which was established in 1971 and is having a production capacity of 240 million batteries per annum.The Company has now decided to shift the entire facilities at Guindy to the site at Tiruvottiyur High Road and integrate the same

Clarification of News : The press had reports on August 28, 2004 that Eveready Industries Ltd. is in talks with a Chinese battery company for a joint venture. 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. Eveready Industries Ltd. has vide its letter inter-alia stated, "We wish to state that the report to the effect that the Company was in talks with a Chinese battery company for a joint venture is incorrect. In