200909 - Quarter 2

Status of Investor Complaints for the quarter ended September 30,
2009

Complaints Pending at
the beginning of the quarter		Nil

Complaints Received during
the quarter
				35

Complaints disposed off during the quarter
			35

Complaints unresolved at the
end of the quarter 		Nil

1. The above results have been
reviewed by the Audit Committee and
taken on record by the Board of Directors at its meeting held on
October 30, 2009.

2. The
Statutory Auditors of the Company have carried out limited review of
the standalone financial
results of the Company for the quarter ended on September 30,
2009.

3. The Company is a
global trading organisation with operations covering a wide range of
commodities like Agro, Energy,
Metals & Minerals and others. In view of its integrated nature of
business, it is necessary to
view the business in its entirety and therefore, there are no
separate segments within the Company
as defined by Accounting Standard 17 (Segmental Reporting) issued by
the ICAI.

4. Income
from operation includes profit from a majority owned partnership firm
& sharing
arrangements.

5. During the quarter, the Company has allotted
7,25,000 equity shares of Re.
1 each upon conversion of 1000 Foreign Currency Convertible Bonds
(FCCBs) of USD 10,000 each and as
a result paid-up share capital of the company has been increased to
Rs. 24.73 crores.

6.
Exceptional Items include reversal of Commission of Rs 15 crores
(Rs.7.50 crores each) out of total
commission of Rs.16.02 crores (Rs.8.01 crores each) payable to the
Chairman as well as Managing
Director of the Company for the financial year 2006-09 upon waiver
requests by them.

7.
Previous quarter / year figures have been regrouped wherever found
necessary.

Gautam S
Adani
Chairman