With reference to news paper report on Sanghi Family and Businesses appearing in certain section of Press on June 10, 2008, Sanghi Industries Ltd has clarified the following:

1. Sanghi Family owns various businesses spanning over a number of sectors. A restructuring of business ownership is underway amongst the members of Sanghi Family.

2. Sanghi Industries Ltd is board managed company. Mr. Ravi Sanghi is the Managing Director of Sanghi Industries Ltd. Mr. Aditya Sanghi, Mr. Alok Sanghi and Mrs. Bina Engineer are Wholetime Directors of Sanghi Industries Limited. They are assisted by a professional team well experienced in cement business.

3. The business operations of Sanghi Industries Ltd are and will continue as usual.