Status of Investor Complaints for the Year ended December 31, 2008

Complaints Pending at the beginning of the Year Nil

Complaints Received during the Year 123

Complaints disposed off during the Year 123

Complaints unresolved at the end of the Year Nil

1. With effect from January 1, 2008 the Company transferred its Ready-Mix Concrete business to its wholly-owned subsidiary- ACC Concrete Ltd- for a consideration of Rs 10,000 Lakhs. Consequent to the transfer of this business, the Company has only a single segment comprising its cement operations. Further, the standalone results for the year ended December 31, 2008 are not strictly comparable with the previous year.

2. Exceptional Item comprises:

(a) Profit of Rs 1,228.82 Lakhs on disposal of land at Sanatnagar, Hyderabad, and

(b) Profit of Rs 3,026 Lakhs for consolidated results and Rs 3,686.42 Lakhs for standalone results on disposal of the investment in the Company´s wholly-owned subsidiary, ACC Machinery Company Ltd.

3. During the year, the Company has recognized a charge of Rs 3,413 Lakhs due to change in discounting rate from 7.80% to 5.25% in valuation of present value of employee benefit liabilities as per Accounting Standard 15.

4. The audit committee have reviewed and Board of Directors of the Company have approved the audited Consolidated and Standalone accounts for the year ended December 31, 2008 at its meeting held on February 5, 2009 and the text of this statement was also taken on record.

5. Figures for the previous year have been restated / reclassified wherever necessary to conform to the current year presentation.

6. The Board of Directors of the Company have recommended Final Dividend Rs. 10 per Share, Total Dividend Rs. 20 per Share including interim Dividend of Rs. 10 per Share.

Sumit Banerjee
Managing Director