November 02, 2012

Press Release No. 1

Clarification by Ponni Sugars (Erode) Limited

Significant price movement has been observed in Ponni Sugars (Erode) Limited.

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Ponni Sugars (Erode) Limited has vide its letter inter-alia stated; “We wish to clarify that we have no crystallized event or material development at the current juncture that triggers a reporting requirement under the Listing Agreement".