INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956, RELATING TO SUBSIDIARY COMPANYAditya VikramGlobal TradingBirla SunlifeInsuranceLaxminaryanInvestmentRajnidhiFinanceHouse Limited Company Limited Limited Limited1 The period of the Subsidiary Company 21st December, 1999to 31st December, 20004th August, 2000to 31st March, 20011st April, 2000to 31st March, 20011st April, 2000to 31st March, 20012 Extent of interest in Subsidiary Company Entire paid-up EquityCapital ofHolding 69% of paid--up Equity CapitalEntire paid-up EquityCapital ofEntire paid-up EquityCapital of Rs.29 lacsUS$ 8.50 lacs of Rs.12000 lacs Rs.1109 lacs. held by the Companyand its subsidiaryLaxminarayanInvestment Ltd.3 Net aggregate amount of the profits/(losses)of the Subsidiary Company for the period,so far as it concerns members of IndianRayon And Industries LimitedUS$ in lacs Rs. in lacs Rs. in lacs Rs. in lacsa) not dealt with in the Accounts of theCompany(i) For the financial year of the subsidiary(ii) For the previous financial years3.78 -574.07 44.11 1.24since it became thesubsidiary of the Company Not Applicable Not Applicable 85.90 4.39b) dealt with in the Accounts of thesubsidiary Company(i) For the financial year of the subsidiary Nil Nil Nil Nil(ii) For the previous financial yearssince it became the Nil Nil Nil Nilsubsidiary of the Company4 Additional information u/s 212 (5) Not Applicable Not Applicable Not Applicablea) Change in the interest of the Companybetween the end of the SubsidiaryNilCompany and of the Company’sfinancial year ended 31st March 2001b) Material changes between the end ofthe Financial Year of the Subsidiaryand the Company’s financial yearended 31st March 2001i) Fixed Assets Nilii) InvestmentsNiliii) Money lentNiliv) Money borrowed for any purposeother than that of meeting currentliabilitiesFresh Borrowings from Bank 22.50Amount Repaid to Bank 33.61Chairman : KUMAR MANGALAM BIRLADirectors : B. R. GUPTASIDDHARTHA SENB. L. SHAHASHOK MALU ADESH GUPTA H. J. VAIDYAMumbai, 26th April,2001 Company Secretary President & CFO TARJANI VAKIL61