Mafatlal Industries - Updates

Mafatlal Industries Ltd has informed BSE that the Company is a Lessee of about 58198 sq. mtrs. of land at Mazgaon. The operations of the Company's mill located there had ceased. The land was under reservation for expansion of the zoo under the Development Plan. The Government of Maharashtra de-reserved 50% of land area and continued reservation on the balance 50% area. The decision of the Government for de-reservation of the 50% land area was challenged by an NGO by filing a Writ Petition by way of Public Interest Litigation in the Hon'ble Bombay High Court. This Writ Petition was dismissed by the Hon'ble Bombay High Court on September 23, 2009. A copy of the judgment is awaited.