May 16, 2013

Press Release No. 1

News about Polaris Financial Technology Limited

The media had reports that Polaris Financial Technology Limited is going to sell its services unit and several IT services companies are bidding for the same.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Polaris Financial Technology Limited has vide its letter inter-alia stated, "There is as yet no decision or event that requires disclosure under the listing agreement. The Company has always placed in the public domain any such decision or event as and when it occurs. If and when there is any development that requires reporting under the listing agreement, the Company would comply with its reporting obligations in this regard."

Press Release No. 2

News about Nitesh Estates Limited

The media had reports that Nitesh Estates Limited is looking to sell stake in an Special Purpose Vehicle to Hong Kong based real estate fund Forum Capital Partners.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Nitesh Estates Limited has vide its letter inter-alia stated, "We unequivocally clarify that the company at no stage has spoken to any particular publication/person regarding the news in media. Nitesh Estate Limited as a Company policy does not comment on market speculations."

Press Release No. 3

Clarification by L&T Finance Holdings Limited

Substantial increase in trading volumes have been observed in L&T Finance Holdings 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.

L&T Finance Holdings Limited has vide its letter inter-alia stated, "We hereby confirm that the Company has submitted to the Exchange time to time all the information/announcements as required under the Listing Agreement and there are no announcements pending from the Company as of date concerning any price sensitive information."