Ref.No. SEC/CHR/121                                                                    3^rd January, 2007

TO MEMBERS OF THE COUNCIL

Dear Sir/s,

 Election of Chairman and Vice-Chairman

This is to inform you that Shri Sanjeev Saran, Director, M/s. Santosh Fine Fab Ltd., has been elected unanimously as Chairman of the Council at the meeting of the Committee of Administration held on 28^th December, 2006 in Mumbai. Shri Ambuj Kasliwal, Director, M/s. S. Kumars Nationwide Ltd., has also been elected unanimously as the Vice Chairman of the Council.

This is for your information.

Thanking you,

Yours faithfully,

K.VIJAY MANI
EXECUTIVE DIRECTOR