Suryalakshmi has reported a PBT of Rs.10.15 Crores on a turnover of Rs.60 Crores for the quarter ended December, 2005, an increase of 80% in PBT on a stand alone basis over the same quarter in the previous year. For the 9 months ended December, 2005, the net profit after tax at Rs.29.47 Crores, works out to a EPS of Rs.24.7 on the post bonus (1:1) capital (Rs.33 on an annualized basis). The expansions at the Denim and Spinning Divisions are on schedule.

The higher profitability inspite of pressure on denim prices is on account of increased denim production, consequent lower cost of production and reduced rawmaterial prices. With the further expanded capacity of 40 mn. mtrs. p.a., of denim, expected to be completed shortly, the Company is confident of improving its denim margins further.

The Yarn division is also expected to increase its contribution due to the steady yarn prices and further additional capacity expected to be in place in a couple of months time.

The Company has allotted 1428300 equity share at Rs.245/- per share to UTI Venture Funds by way of private placement. The Company has received the sanctions for financial assistance under TUFS from SBI and SBM. It has already received the sanction from IDBI under TUFS. The Company has completed the financial tie-ups for about Rs.225 Crores for the ongoing expansions.

Hyderabad, 27th October, 2005: Suryalakshmi Cotton Mills (SCM), dominant manufacturer of denim has reported significant jump in Net Sales to Rs.111.53 crores, up by 32 % for the half year ended September, 2005 on stand alone basis. The Net Profit rose by 200 % to Rs 20.18 crores driven by higher realization, low raw material cost and better sales volume. The EBIDTA margin moved up to 32% for denim for the half year ended September, 2005 on account of improved cost efficiency, better sales realization by 5% and lower cotton prices. The Company feels that the same scenario may continue to prevail in the second half too.

The Company has completed the addition of 7000 spindles at Amanagallu recently, while the Denim Divisions expanded capacity of 30 mn. mtrs. has been operational from July, 2005. The full effect of these will be reflected in the second half's results.

The work on additional spinning capacity of 25000 spindles at Amanagallu and the additional 10 mn. mtrs of Denim are on schedule and are expected to be completed by March, 2006. The Company is confident of meeting the targeted turnover of Rs.500 Crores in 2006-2007.

Work on the Garment Unit at Hyderabad of Suryakiran International Limited is in progress and is expected to be completed shortly. This will complete the vertical integration of the Company from Fibre to Garment.

Commenting on the occasion, L N Agarwal, Chairman and Managing Director, Suryalakshmi Cotton Mills said, "Our recent expansion strategy has paid off with strong growth in sales in the denim segment while Net profit has jumped subsequently. Our growth plan entails expansion in geographies through exports driven growth and further expansion in capacities in the near term. Our complete vertical integration right from spinning yarn to garment manufacturing covering the entire value chain will further boost our bottomlines."

About Suryalakshmi Cotton Mills
Suryalakshmi Cotton Mills a world class manufacturer of cotton and blended yarns, with a vision and commitment to establish the company as a leading enterprise in the textile industry, set up in the year 1962. The company has grown in just four decades, today Suryalakshmi's yarn and rope dyed denim are acknowledged as the finest across international markets. Suryalakshmi's denim plant is based in Ramtek near Nagpur, Maharashtra, comprises of over 300 varieties of denim. Other than the basics, the product range can be classified into Silky, Streaky, Ring, Cross Hatch, Blends, Stretch, SL magic, Trends and a wide range in Shirting denim fabrics. The plant has a capacity to produce 30 million meters of denim per annum.

Expanded denim capacity commences production

Hyderabad, July 23, 2005: Suryalakshmi Cotton Mills (SCM), dominant manufacturer of denim has reported Net sales of Rs. 54.10 crore up by 54% for the quarter ended June, 2005 as compared to Rs 35 crore during quarter ended June 2004. Net profit touched Rs .8.74 crore as compared to Rs 2.37 crore during the same period. Strong growth in the sales and profitability was driven by better capacity utilization, operational efficiencies and higher realization in denim prices.

Commenting on this occasion, Mr.L N Agarwal, Chairman and Managing Director, Suryalakshmi Cotton Mills Ltd. said, "Our performance is a reflection of our strategy to consolidate our positioning in domestic denim segment and additional capacity for higher growth, the denim capacity is increased from 20 million meters to 30 million meters in July, 2005 which will reflect in our performance from the second quarter. Our profitability have moved up considerably and we hope to maintain the same going forward."

"Our Rs 200 crore expansion programme is geared to explore the opportunities in the international markets. Besides we will achieve complete vertical integration right from spininning yarn to garment manufacturing covering the entire value chain." Mr Agarwal added.

The company has chalked out an ambitious Rs 200 crore expansion plan to expand its manufacturing facility for Denim from 25 to 40 million meters (already expanded to 30 million meters), Spinning from 16000 to 32000 spindles and setting up a garment manufacturing unit at a cost of Rs 20 crore.

About Suryalakshmi Cotton Mills
Suryalakshmi Cotton Mills a world class manufacturer of cotton and blended yarns, with a vision and commitment to establish the company as a leading enterprise in the textile industry, set up in the year 1962. The company has grown in just four decades, today Suryalakshmi's yarn and rope dyed denim are acknowledged as the finest across international markets. Suryalakshmi's denim plant is based in Ramtek near Nagpur, Maharashtra, comprises of over 1000 varieties of denim. Other than the basics, the product range can be classified into Silky, Streaky, Ring, Cross Hatch, Blends, Stretch, SL magic, Trends and a wide range in Shirting denim fabrics. The plant has a capacity to produce 30 million meters of denim per annum.

JUNE 21st 2005

Consolidated exports up by 102%, Recommends 1:1 Bonus

Forays into garment manufacturing

Suryalakshmi Cotton Mills (SCM), dominant manufacturer of denim has recorded Net sales of Rs 57.62 crore for the quarter ended March 2005. Net profit has risen to Rs 6.93 crore during the same period. For the year ended March 2005, Net sales rose to Rs 245.95 crore while net profit has risen to Rs 18.28 crore. The growth in profit was largely driven by higher realisation in denim prices and operational efficiencies through reduced production and cash cycle. The company successfully strengthened its leadership position in the denim segment.

The 2004-05 financial year was a remarkable year for the company with the divestiture of yarn business into a separate company by way of a de-merger (w.e.f 01.09.2004). Hence the figures of March 2005 are not comparable to March 2004 results.

Suryakiran International Ltd, the subsidiary of SCM made strategic acquisition of a company involved in garment exports in international markets. As a results of this alongwith SCM's exports, the consolidated exports have grown by 102% to Rs 155.9 crore.

In order to reward the shareholders, the company has recommended bonus in the ratio of 1:1 and a dividend of 30% on the equity capital of 59,66,995 equity shares post-demerger.

Outlining the performance and future growth strategy, Mr L N Agarwal, Chairman and Managing Director, said "Our performance reflects growth with a blend of higher profitability. Looking forward, our expansion plans to consolidate our positioning in denim business and the new garment unit planned at Hyderabad will strengthen our future growth prospects in international markets. Our major emphasis is to continue to drive our core business to world class standards of execution at all levels and secure larger market share".

The Company will maintain its robust growth momentum through low cost acquisition and organic expansion as well as continuous expansion of production facilities. In this regard, the Company has chalked out plans to invest Rs.200 crore towards organic expansion of its facilities in the next one year.

The ambitious expansion plans are explained as below:

- Expansion of Denim capacity from 25 Million meters to 40 Million meters per annum, out of which the capacity of 30 million meters will be operative by July, 2005. The balance 10 million meters will be operational by the end of financial year March 2006.
- Creation of additional captive ring spinning facility 25 metric tons for catering to denim operations so as to achieve reduction in input costs at Ramtek Unit at Maharastra.
- Modernisation of existing spinning capacity and creation of additional 32,000 spindles capacity at Amanagallu unit at Andhra Pradesh.
- Setting up of a garment unit near the upcoming international airport at Hyderabad at an investment of Rs.20 crore for which the work is already in progress and the commercial production is expected to commence by September, 2005.

The company will reap benefits of some of above expansions in the current financial year of 2005-06, the complete benefits will be reflected during the financial year 2006-07. The company plans to invest further Rs 300 crore in 2007-08 to further expand its capacity. This will take the total capital expenditure to Rs 500 crore.

The Company anticipates the overall growth for the financial year 2005-06 to be robust and is confident of maintaining its earnings on the post-bonus equity, barring unforeseen circumstances.

I). DEMERGER OF MAHABUBNAGAR YARN DIVISION OF
SURYALAKSHMI COTTON MILLS LIMITED

The Scheme of Arrangement for demerger of Mahabubnagar Yarn Division sanctioned by the Hon'ble High Court of Andhra Pradesh has become effective from the close of business hours on March 31, 2005. Accordingly, the Mahabubnagar Yarn Division including assets, liabilities, rights, claims, title and interest including accretions and appurtenances stand transferred to and vested as a going concern in Rajvir Industries Limited from the Appointed Day, viz., September 1, 2004, in terms of the Scheme of Arrangement.

II). RECORD DATE :

Notice is hereby given that April 13, 2005 has been fixed as a Record Date fro reckoning the shareholders entitled to receive the shares in Rajvir Industries Limited (one equity share of face value of Rs.10/- each for every three equity shares of Rs.10/- each in Suryalakshmi) and in Suryalakshmi Cotton Mills Limited (two new equity shares of Rs.10/- each in lieu of three existing equity shares). The existing share certificates and shares held in dematerialised form will be treated as cancelled with effect from Record Date.

March 29th 2005

To,

The Hyderabad Stock Exchange Limited
6-3-654, Adjacent to Erramanzil Bus Stop,
Somajiguda,
Hyderabad - 500 082.

Dear Sir,

Reg. : Scheme of Arrangement of Demerger - Intimation of Record Date for allotment of shares.

We wish to inform you that the scheme of arrangement of demerger in the Mahabubnagar Yarn Division of the Company into Rajvir Industries Limited has been approved by the Hon'ble High Court of Andhra Pradesh. The Company has filed certified copy of the Court Order with the Registrar of Companies, Andhra Pradesh.

In terms of the sanctioned Scheme of Arrangement, the equity shareholders of the Company on the record date will be issued :

(a) One equity share of face value of Rs.10/- each in Rajvir Industries Limited for every three equity shares of Rs.10/- each held in Suryalakshmi Cotton Mills Limited as on the record date and

(b) two new equity shares of face of Rs.10/- each in Suryalakshmi Cotton Mills Limited in lieu of three existing equity shares of Rs.10/- each held in Suryalakshmi Cotton Mills Limited as on the record date.

Notice is hereby given that the record date for reckoning the shareholders entitled to receive the shares in Rajvir Industries Limited and new equity share in Suryalakshmi Cotton Mills Limited in terms of the Scheme of Arrangement has been fixed on 13th April, 2005.

Notice is also hereby given that the existing share certificates and the shares held in dematerialised form will be treated as cancelled with effect from the record date.

Certified copies of the Orders sanctioning the Scheme and acknowledgement from the Registrar of Companies, Andhra Pradesh for having filed the Orders are sent herewith for your record.

We declare that transfers lodged with the Company/Registrar upto 15th March, 2005 have been duly approved. Transfers lodged subsequent to the aforesaid date will also be processed in due time.

Please inform your members accordingly and arrange to display this notice on your Notice Board.

Thanking you,

Yours faithfully,
for SURYALAKSHMI COTTON MILLS LIMITED

E.V.S.V. SARMA
COMPANY SECRETARY

FEBRUARY 19th 2005

1. Major achievements of our Company in the current year.

Today we have established ourself as a leading manufacturer of Yarn and Denim. Products are well accepted both domestic and international markets. We have achieved a profit of Rs.14.24 Crores for 9 months. Fourth quarter is also expected to be very good because of increase in demand of denim and lower cotton prices. This year we have completed 5 million mtrs expansion of Denim taking it to 20 million. Increased the share of value added fancy denims. Increased the production capacity to manufacture high value combed yarns and dyed yarns in spinning division. Today we are exporting both Cotton Yarn and Denim to more than 30 Countries. Last year our export turnover was more than Rs.70 Crores. Today our customers look at us for innovations. We have achieved optimum utilisation of our plants and completed modernisation of our existing units.

2. Expansion plans.

Further expanding the denim capacity by 10 million mtrs. This expansion is expected to be completed by April / May this year. We should be second largest in the denim sector in the country. Also we would increase spinning capacities in future
substantially.

3. Strategy for growth.

The Company is hiving off spinning unit into independent entity to accelerate the growth of denim and spinning. We also have plans to enter garmenting activity to complete the value chain and also expand the spinning division. If any good acquisitions proposals are available, that also can be considered in future to
accelerate growth.

4. Opportunities before the Company.

We plan to further increase our presence in Denim, and also look into manufacturing other fabrics like shirting and home textiles. We intend to focus on garment exports also. We would like to increase the production of more value added products where the margins are much better.

5. Competition.

We look at competition as an opportunity for achieving further growth and excellence. We are welcoming it as an opportunity to broadbase the product range and distinguish it with improved quality parameters. We feel healthy competition is in interest of Company and also the customer. Post W.T.O., we feel competition is expected to increase globally. We are already to face the competition particularly from china and others neighbouring Countries. Our present product range and quality are way ahead.

6. Post-quota scenario and the growth of the Company.

With effect from 1st January, 2005, there are no restrictions (Quota) for any category in any country and whole world would be an open international market without any restrictions on the import and export of textiles and garments. Considering the inherent strengths of our industry in terms of a strong raw material base, skilled manpower and low wage costs, we have immense potential in the globalised textile economy. There is marked shift in consumer preference from basic denims to fancy and speciality value added denims. New designs and products are regularly developed every month. The Company has over 300 different varieties of denim to offer the market. Every month new varieties are introduced in the market by the product design department. The product range starts from 4.50 Oz/Sq. Yd. to 15.50 Oz/Sq.yd. The shades can be supplied in Deep Indigo, Sulphur Bottom Indigo Top, and Black other than the Normal Indigo Shade.

Approx. 50% of the production is exported.

7. Goal

We are a leading player in the textiles known for outstanding quality, product range and reliability. Our goal is to achieve a turnover of Rs.500 Crores by 2005-2006 and to increase further our market share in our products. We would like to be a key global player not only in yarn and denim but also in other textiles. With a vast range and variety of products, we are already in that direction.

OCTOBER 30th 2004

SURYALAKSHMI BOARD APPROVES DEMERGER OF MAHABUBNAGAR UNIT

In its meeting held on 30.10.2004, the Board of Directors of Suryalakshmi approved the demerger of the Mahabubnagar Spinning Unit along with the Dyeing Plant into a separate Company viz., Rajvir Industries Limited. The appointed date for the demerger process is 01.09.2004. In consideration of the demerger, the share holders of Suryalakshmi will receive 1 (one) fully paid share of Rs.10/- each in Rajvir Industries Limited for every 3 (three) shares of Rs.10/- each held them in Suryalakshmi as on the record date to be fixed in consultation with the Stock Exchanges after the statutory formalities of demerger is completed. Simultaneously, the paid up equity capital of Suryalakshmi will be reduced from the present Rs.8.95 Crores to Rs.6 Crores and consequently the shareholders of Suryalakshmi will receive 2 (two) new equity shares of Rs.10/- each in Suryalakshmi for every 3 (three) shares of Rs.10/- each held by them as on the record date.

The scheme, as approved by the Board will be filed with the Stock Exchanges and then with the Hon'ble High Court of Andhra Pradesh for the High Court's sanction.

The shares to be issued in the new Company viz. Rajvir Industries Limited and also the new shares to be issued in Suryalakshmi after the capital reduction will both be listed in Hyderabad, Mumbai and National Stock Exchange. The demerger proposal is expected to enhance the cumulative economic value added of both the Companies due to the significant synergies they will achieve through strategic partnerships. It is believed that the separation of the Denim and Spinning businesses into individual listed Companies will also enhance shareholder value in both Companies. The formalities are expected to be completed around March, 2005.

OCTOBER 1st 2004

SURYALAKSHMI MILLS DEMERGER OPTIONS

The dismantling of the quota regime from January, 2005 is expected to bring about value chain consolidation and product specialisation in the textile industry in the Country. These in turn will trigger transnational strategic alliances and technology upgradations with further investments in R & D. In this scenario Suryalakshmi has been looking at enhancing its market share in the Denim business and also strengthen its presence in the yarn segment by further specialisaton in high quality speciality yarns. It was felt that achievement of such ambitious growth targets would call for forging of new strategic relationships, attracting external equity and having access to technological excellence. It was also felt that the Denim and Yarn segments would require distinct relationships and hence with a proper restructuring both the segments could concentrate on respective core activities.

Today Suryalakshmi's Board considered various restructuring options and approved proposal of demerger of its yarn division i.e. the yarn manufacturing unit at Mahabubnagar (including the Dyeing Plant) will stand transferred, with effect from 1st September 2004 to a newly incorporated company viz., Rajvir Industries Limited.

Suryalakshmi will continue with denim operations including the yarn division at Amanagallu, Mahabubnagar District for its captive needs.

A scheme of arrangement will be prepared in accordance with provisions of the Companies Act 1956 and Income Tax Act, 1961 for approval by the Board, Stock Exchange(s) and all other necessary statutory approvals.

The shareholders of Suryalakshmi will participate in the capital of the new Company in a proportion to be determined by independent professional accountants. Subject to all compliances, shares of the new Company, Rajvir Industries Limited will also be listed on the Stock Exchanges.

Further information on demerger process including that of ratio of share exchange, etc., will be intimated soon after the same is approved by the Board of Directors which is likely to be on or before 31st October 2004.

MAY 25th 2004

SURYALAKSHMI REPORTS 66% JUMP IN PBT

Suryalakshmi Cotton Mills Limited, a leading player in the Spinning and Denim industries has its two spinning mills at Mahabubnagar and Amanagallu in Mahabubnagar District and a state of the art denim manufacturing plant at Ramtek near Nagpur.

On a gross turnover of Rs.305 Crores, Suryalakshmi has reported a Profit before tax of Rs.21.48 Crores for the year ended 31st March, 2004. The turnover has grown by 24% and the PBT by an impressive 66% over the previous year. The higher profit is inspite of a steep increase in raw material prices. The Company has done exceedingly well on the export front with exports at Rs.69.83 Crores registering a growth of 61% over the last year. The Company has been exporting a variety of high value added yarns to various markets like Mauritius, Korea, Hong Kong, etc. The Company offers around 300 varieties of fancy and speciality value added denims. New designs and products are being regularly developed. This focus on the high value added products along with high efficiencies in operations has added to its profits. The Company has also saved significant amounts on Finance charges on account of reduced rates of interest on Term Loans and Working Capital.

The Company's EPS for the year is Rs.18.76 against Rs.11.68 of the previous year, an increase of 61%. The Board in its meeting on 25th May, 2004 for approval of Annual Accounts for 2003-04 has recommended a dividend of 25% on its equity shares.

The Company is gearing its operations to meet the intensified competition in the quota free regime from next year onwards. The Company is launching a wide range of shirting denim fabrics catering to the denim shirting requirements of leading brands in the country. In order to take advantage of the emerging market scenario, the Company has increased its production capacity to 20 m.mtrs p.a. In 2004-05, the Company plans to make a further investment of around Rs.50 Crores in its Spinning and Denim Divisions, enhancing the spindlage by 29,000 spindles and Denim fabric capacity by further 5 million metres. 7,000 spindles are being ear-marked for the production of high value added compact yarn. The Company plans to avail the benefits of Technology Upgradation Fund Scheme.

With the completion of the expansion of denim and yarn capacities and the expected continuance of the upswing in the textile market, the turnover is expected to cross Rs.500 Crores by 2005-2006.

MAY 10th 2005

Corporate Announcement - Reduction in the rate of interest - long term
loans.

Industrial Development Bank of India (IDBI) the lead term lender has reduced the rate of interest on various Non-TUFS Loans / Debentures sanctioned by it to M/s.Suryalakshmi Cotton Mills Limited from 13% to 9% p.a. under the Debt Restructuring Package for Textile Units. The Company is expecting to receive the benefit of such reduction from the other term lenders also. The impact of this reduction for a full financial year is expected to be Rs.2 Crores.

Suryalakshmi Cotton Mills Limited has reported a Net Profit after tax of Rs.527 lacs with a turnover of Rs.6625 lacs during Q3 of FY04 registering a growth of 92% in Net Profit over the corresponding quarter last year. The profit after tax is Rs.1266 lacs for the 9 months ended December, 2003 which translates into an EPS of Rs.14.15. The addition of 5 million metres capacity to its Denim plant at Ramtek during this year is nearing completion. The Company's yarn exports during the quarter has witnessed a significant jump and the price realisation is also better. The margins in domestic market have also improved. These higher margins are inspite of rising cotton prices. The company hopes to maintain the current trend of profitability and with the additional capacities in Denim and Spinning Divisions surpass the projected turnover of around Rs.300 Crores during the year 2003-2004 and Rs.400 Crores by 2004-05.

In 2004-05, the Company plans to make a further investment of Rs.50 Crores in its Spinning and Denim Divisions, enhancing the spindlage by 29,000 spindles and Denim fabric capacity by further 5 million metres. 7,000 spindles are being ear-marked for the production of high value added compact yarn. State of the art machinery is proposed to be acquired to produce products of stringent international quality standards. The total spindlage after the expansion in 2004-2005 will be 95,000 and the denim capacity will be 25 million metres per annum. The Company plans to avail the Technology Upgradation Fund Scheme facilites.

With the completion of the expansion of denim and yarn capacities and the expected continuance of the upswing in the textile market, the turnover is expected to cross Rs.500 Crores by 2005-2006. The Company's Board of Directors approved the above Un-audited financial results and the investment proposals on 30th January, 2004.

The Company expects to benefit substantially from the removal of the quantitative restrictions from January, 2005 under the WTO. As the Company is gearing itself in time to meet the intensified competition both within the Country and in international markets, the Company's performance is expected to make a quantum leap from the year 2005 onwards.