News about Rpg Cables Limited - National Stock Exchange of India Limited

November 14, 2006

The media had reports that Rpg Cables Ltd. has planned to place its excess land at Thane for development.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Rpg Cables Ltd has vide its letter inter-alia stated, "We notice several factual errors in the captioned news item, including rumour regarding sale of land allegedly at an estimate of Rs. 100 crs. No such proposal has come up at any meeting of the Board of Directors of the Company in the last one year. Since our company is registered with BIFR, any proposal of sale of any assets of the Company, will necessarily require the approval of the Hon'ble BIFR and other authorities."

Source: National Stock Exchange of India Limited

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