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<div class=3DSection1>

<p class=3DPreformattedText><o:p>&nbsp;</o:p></p>

<p class=3DPreformattedText><o:p>&nbsp;</o:p></p>

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</v:shape><![endif]--><![if !vml]><span style=3D'mso-ignore:vglayout;positi=
on:
absolute;z-index:1;margin-left:0px;margin-top:0px;width:48px;height:57px'><=
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0000_s1026"></span><![endif]><span
style=3D'mso-spacerun:yes'>&nbsp; </span></p>

<p class=3DPreformattedText><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>JUMBO BAG LTD.</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </spa=
n><span
class=3DSpellE>Regd</span>. Office: 46, <st1:Street w:st=3D"on"><st1:addres=
s w:st=3D"on">Halls
  Road</st1:address></st1:Street>, <span class=3DSpellE>Kilpauk</span>, Che=
nnai
600 010.<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;
</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span style=3D'mso=
-tab-count:
1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;</span>AUDITED FINANCIAL RESULTS FOR THE P=
ERIOD
ENDED 31.3.2007 </p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;
</span>(<span class=3DSpellE>Rs.in</span> <span class=3DSpellE>lakhs</span>=
)</p>

<p class=3DPreformattedText style=3D'text-align:justify'>------------------=
-----------------------------------------------------------<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>Nine months<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>Quar=
ter
ended<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>Year ended<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span=
></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span class=3DSpel=
lE><span
class=3DGramE>Sl</span></span><span class=3DGramE>.</span><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span><span class=3DGramE>ended</span><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;
</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'>No.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Particulars<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;
</span>31.12.06<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>31.3.07=
<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>31.3.06<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>31.3.07<=
span
style=3D'mso-spacerun:yes'>&nbsp; </span>31.3.06</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;
</span>-----------------------------------------------------</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>(<span class=3DSpellE>Unaudited</span>)<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>(Audited)<=
span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;
</span>(Audited)</p>

<p class=3DPreformattedText style=3D'text-align:justify'>------------------=
-----------------------------------------------------------</p>

<p class=3DPreformattedText style=3D'text-align:justify'>1. Net Sales<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>3501.35<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>1253.42<=
span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>954.09<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>4754.77<=
span
style=3D'mso-spacerun:yes'>&nbsp; </span>3729.44</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'>2. Other Income<sp=
an
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>91.82<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>43.70<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>21.04<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;
</span>135.52<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>62.=
71</p>

<p class=3DPreformattedText style=3D'text-align:justify'>3. Total Expenditu=
re<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp; </span><span class=3DGramE>a</span>)(Incr=
ease)/Decrease</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;</span><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;</span><span
style=3D'mso-spacerun:yes'>&nbsp;</span><span class=3DGramE>in</span> stock=
 in
trade<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>(30.01)<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>(63.79)<=
span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>(19.44)<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>(93.80) (159.36)</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;</span><span class=3DGramE>b)</span>Consum=
ption of</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>Raw-materials<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbs=
p;
</span><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;</span>2209.44<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>861.50<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>587.76<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>3070.94<=
span
style=3D'mso-spacerun:yes'>&nbsp; </span>2274.99</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>c</span>=
) Staff
Cost<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>215.08<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>70.36<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>60.04<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;
</span>285.44<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>230.85</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>d) Other Expenditure<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>828.63<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>284=
.19<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>230.50<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>1112.82<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>965.61 </p>

<p class=3DPreformattedText style=3D'text-align:justify'>4. Interest<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>140.93<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>51.22<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>56.37<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>192.15<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>185.10</p>

<p class=3DPreformattedText style=3D'text-align:justify'>5. Depreciation<sp=
an
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>100.27<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>39.22<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>31.52<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;
</span>139.49<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>117.48</p>

<p class=3DPreformattedText style=3D'text-align:justify'>6. Profit before t=
ax<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;
</span>128.83<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>54.42<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>28.38<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;
</span>183.25<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>177.49</p>

<p class=3DPreformattedText style=3D'text-align:justify'>7. Provision for
taxation<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </s=
pan></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>a) Current Taxes<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;
</span>32.90<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>(18.=
57)<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>(11.12)<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>14.33<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>29.85</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>b) Fringe Benefit Tax<=
span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>3.25<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>2.38<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>1.50<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>5.63<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span=
>6.68</p>

<p class=3DPreformattedText style=3D'text-align:justify'>8. Net Profit befo=
re<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>Deferred
Tax<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>92.68<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>70.61<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>38.00<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>163.=
29 <span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>140.96</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>Deferred Tax<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>13.89<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>34.30<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>35.82<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>48.19<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>45.0=
6</p>

<p class=3DPreformattedText style=3D'text-align:justify'>9. Net Profit afte=
r</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>Deferred
Tax<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>78.79<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>36.31<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>2.18<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>115.1=
0<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>95.90</p>

<p class=3DPreformattedText style=3D'text-align:justify'>10<span class=3DGr=
amE>.Paid</span>
up Equity Share </p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>Capital<sp=
an
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>681.37<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span><sp=
an
class=3DSpellE>681.37</span> <span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;</span>572.37<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>681.37<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>572.37 </p>

<p class=3DPreformattedText style=3D'text-align:justify'>(Face Value:Rs.10/=
- </p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span><span class=3DGramE>pe=
r</span>
share)</p>

<p class=3DPreformattedText style=3D'text-align:justify'>11. Reserves exclu=
ding</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><span
class=3DGramE>revaluation</span> reserves<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>-<sp=
an
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>-<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;
</span>-<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>530.44<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>386.64</p>

<p class=3DPreformattedText style=3D'text-align:justify'>12<span class=3DGr=
amE>.Basic</span>
&amp; diluted EPS(<span class=3DSpellE>Rs</span>.)<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>a) Before adjustment of</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>Deferred Tax<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;
</span>1.36*<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>1.04*<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>0.66*<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>2.40<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span=
>2.46</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>b) After adjustment of </p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>Deferred Tax<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;
</span>1.16*<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>0.53*<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>0.04*<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;
</span>1.69<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span=
>1.68</p>

<p class=3DPreformattedText style=3D'text-align:justify'>13. Aggregate of N=
on-<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;
</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>Promoters' Share Holdi=
ng:</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span>Number of Shares=
<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>--<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;
</span>--<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;
</span>--<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>4204070=
<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>3454070<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span>Percentage of
Shareholding<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>--<s=
pan
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </spa=
n>--<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>--<s=
pan
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>61.70<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span>60.35</p>

<p class=3DPreformattedText style=3D'text-align:justify'>------------------=
-----------------------------------------------------------</p>

<p class=3DPreformattedText style=3D'text-align:justify'>Notes<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>*Not <span class=3DSpellE>An=
nualised</span></p>

<p class=3DPreformattedText style=3D'text-align:justify'>1. The above resul=
ts were
reviewed by the Audit Committee at its meeting</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>held</sp=
an> on
25<sup>th</sup> June, 2007 and approved and taken on record by the Board</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>of</span>
Directors at its meeting held on 25<sup>th</sup> June, 2007.</p>

<p class=3DPreformattedText style=3D'text-align:justify'>2. The Company ope=
rates in
a single primary business segment namely </p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>manufact=
ure</span>
of &#8220;Packing Materials&#8221;.</p>

<p class=3DPreformattedText style=3D'text-align:justify'>3. Previous year's=
 figures
have been regrouped wherever necessary.</p>

<p class=3DPreformattedText style=3D'text-align:justify'><o:p>&nbsp;</o:p><=
/p>

<p class=3DPreformattedText style=3D'text-align:justify'><o:p>&nbsp;</o:p><=
/p>

<p class=3DPreformattedText align=3Dcenter style=3D'text-align:center'><o:p=
>&nbsp;</o:p></p>

<p class=3DPreformattedText style=3D'text-align:justify'><o:p>&nbsp;</o:p><=
/p>

<p class=3DPreformattedText style=3D'text-align:justify'>4. Details of inve=
stor
complaints for the quarter ended 31<sup>st</sup> March, 2007:</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>Beginning &#8211; Nil; Recei=
ved
&#8211; Nil; Disposed off &#8211; Nil and Ending &#8211; Nil.</p>

<p class=3DPreformattedText style=3D'text-align:justify'>5. The Board of Di=
rectors
recommended a dividend of 10% on Equity Shares</p>

<p class=3DPreformattedText style=3D'text-align:justify;tab-stops:214.7pt'>=
<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>for</spa=
n> the
year ended 31.3.2007.</p>

<p class=3DPreformattedText style=3D'text-align:justify'>6. The Board of Di=
rectors
has approved Expansion Project in the State of West<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </spa=
n></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><st1:place w:st=3D"on">Benga=
l</st1:place>
at a cost of Rs.17.86 <span class=3DSpellE>Crores</span> financing partly b=
y Bank
Loans and</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>partly</=
span>
with internal accruals.</p>

<p class=3DPreformattedText style=3D'text-align:justify'>7. Sri B. <span
class=3DSpellE>Surender</span> has resigned from the post of Alternate Dire=
ctor
with</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><span class=3DGramE>effect</=
span>
from 24.6.2007. The Board of Directors has approved his appointment</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;</span><span class=3DGramE>as</span> Addit=
ional
Director of the company with effect from 25.6.2007.</p>

<p class=3DMsoPlainText><span style=3D'font-size:10.0pt;mso-fareast-font-fa=
mily:
"Times New Roman";mso-bidi-font-family:Tahoma'><span
style=3D'mso-spacerun:yes'>&nbsp;</span><o:p></o:p></span></p>

<p class=3DMsoPlainText><span style=3D'font-size:10.0pt;mso-fareast-font-fa=
mily:
"Times New Roman";mso-bidi-font-family:Tahoma'><o:p>&nbsp;</o:p></span></p>

<p class=3DPreformattedText style=3D'text-align:justify'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span>For and on behalf of the Board</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span class=3DGram=
E>Place :</span>
Chennai<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;
</span>G.SUDHAKAR</p>

<p class=3DPreformattedText style=3D'text-align:justify'><span class=3DGram=
E>Date<span
style=3D'mso-spacerun:yes'>&nbsp; </span>:</span> 25.6.2007.<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span><span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>MANAGING DIRECTO=
R</p>

<p class=3DPreformattedText style=3D'text-align:justify'><o:p>&nbsp;</o:p><=
/p>

<p class=3DPreformattedText style=3D'text-align:justify'><o:p>&nbsp;</o:p><=
/p>

</div>

</body>

</html>

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