Status of Investor Complaints for the quarter ended March 31, 2009

Complaints Pending at the beginning of the quarter Nil

Complaints Received during the quarter 01

Complaints disposed off during the quarter 01

Complaints unresolved at the end of the quarter Nil

1. The Company´s primary segments consist of Watches, Jewellery and Others, where the ´Others´ include Eye wear, Precision Engineering, Machine Building and Clocks.

2. Pursuant to the Scheme of Amalgamation of Samrat Holdings Ltd., Questar Investments Ltd., and Titan Holdings Ltd. ( wholly owned subsidiaries of the Company, carrying on investment activities) with the Company as sanctioned by the High Courts of Bombay and Karnataka, all assets and liabilities have been transferred to and vested in the Company retrospectively with effect from April 1, 2007.

3. The Company has decided to close down its two Tanishq Boutiques in the United States of America (USA), resulting in a charge of Rs 29.02 crores to the profit and loss account.

4. The Directors have recommended a dividend of 100%, viz. Rs 10 per share ( previous year : 80%).

5. The figures of the previous year have been regrouped / recast, where necessary.

6. The above statement of Financial results for the year ended March 31, 2009 of the Company, and the Consolidated Financial results of the Company with its subsidiaries prepared as per the Accounting Standards AS-21 were approved by the Board of Directors at their meeting held on April 29, 2009.

Bhaskar Bhat
Managing Director