June 04, 2004  

Notice To Stock Exchange

Subject: Change in Cost Auditors

The Cost Auditors of the Company M/s. R R Sharma & Co. have expressed their intention not to opt for re-appointment for the Financial Year 2004-05.

The Board of Directors of the Company at its meeting held on May 29, 2004 has appointed M/s Sagar & Associates, Cost Accountants as Cost Auditors of the Company for the Financial Year 2004-05, subject to the approval of the Central Government.