16. Approval on Correction of Information

17 March 2003

I, having verified the content and information in this report of Annual
Information Disclosure, hereby confirm that the said content and
information are correct, complete, not false, not misleading, nor short
of essential statement, which may cause damage to the securities bearer
or purchaser, at all.

In this case, in witness of all the documents being certified by me in
one set, I have assigned, Mr. M.C. Bagrodia or Mr. S. Srinivasan to
countersign on every page of these documents. Any documents being not
countersigned by Mr. M.C. Bagrodia or Mr. S. Srinivasan shall not be
deemed to have been certified of information by me.

Name Position Signature

Mr. Kumar Mangalam Birla Chairman __________________

Name Position Signature

Attorney

Mr. M. C. Bagrodia Director __________________

Mr. S. Srinivasan President __________________

17 March 2003

I, having verified the content and information in this report of Annual
Information Disclosure, hereby confirm that the said content and
information are correct, complete, not false, not misleading, nor short
of essential statement, which may cause damage to the securities bearer
or purchaser, at all.

In this case, in witness of all the documents being certified by me in
one set, I have assigned, Mr. M.C. Bagrodia or Mr. S. Srinivasan to
countersign on every page of these documents. Any documents being not
countersigned by Mr. M.C. Bagrodia or Mr. S. Srinivasan shall not be
deemed to have been certified of information by me.

Name Position Signature

Mrs. Rajashree Birla Director __________________

Name Position Signature

Attorney

Mr. M. C. Bagrodia Director __________________

Mr. S. Srinivasan President __________________

17 March 2003

I, having verified the content and information in this report of Annual
Information Disclosure, hereby confirm that the said content and
information are correct, complete, not false, not misleading, nor short
of essential statement, which may cause damage to the securities bearer
or purchaser, at all.

In this case, in witness of all the documents being certified by me in
one set, I have assigned, Mr. M.C. Bagrodia or Mr. S. Srinivasan to
countersign on every page of these documents. Any documents being not
countersigned by Mr. M.C. Bagrodia or Mr. S. Srinivasan shall not be
deemed to have been certified of information by me.

Name Position Signature

Mr. M.C. Bagrodia Director __________________

Name Position Signature

Attorney

Mr. M. C. Bagrodia Director __________________

Mr. S. Srinivasan President __________________

17 March 2003

I, having verified the content and information in this report of Annual
Information Disclosure, hereby confirm that the said content and
information are correct, complete, not false, not misleading, nor short
of essential statement, which may cause damage to the securities bearer
or purchaser, at all.

In this case, in witness of all the documents being certified by me in
one set, I have assigned, Mr. M.C. Bagrodia or Mr. S. Srinivasan to
countersign on every page of these documents. Any documents being not
countersigned by Mr. M.C. Bagrodia or Mr. S. Srinivasan shall not be
deemed to have been certified of information by me.

Name Position Signature

Mr. R.K. Rathi Director __________________

Name Position Signature

Attorney

Mr. M. C. Bagrodia Director __________________

Mr. S. Srinivasan President __________________

17 March 2003

I, having verified the content and information in this report of Annual
Information Disclosure, hereby confirm that the said content and
information are correct, complete, not false, not misleading, nor short
of essential statement, which may cause damage to the securities bearer
or purchaser, at all.

In this case, in witness of all the documents being certified by me in
one set, I have assigned, Mr. M.C. Bagrodia or Mr. S. Srinivasan to
countersign on every page of these documents. Any documents being not
countersigned by Mr. M.C. Bagrodia or Mr. S. Srinivasan shall not be
deemed to have been certified of information by me.

Name Position Signature

Mr.Arvind K. Newar Director __________________

Name Position Signature

Attorney

Mr. M. C. Bagrodia Director __________________

Mr. S. Srinivasan President __________________

17 March 2003

I, having verified the content and information in this report of Annual
Information Disclosure, hereby confirm that the said content and
information are correct, complete, not false, not misleading, nor short
of essential statement, which may cause damage to the securities bearer
or purchaser, at all.

In this case, in witness of all the documents being certified by me in
one set, I have assigned, Mr. M.C. Bagrodia or Mr. S. Srinivasan to
countersign on every page of these documents. Any documents being not
countersigned by Mr. M.C. Bagrodia or Mr. S. Srinivasan shall not be
deemed to have been certified of information by me.

Name Position Signature

1. Mrs. S. S. Mahansaria Director __________________

2. Mrs. Rachani Kajiji Director __________________

3. Mr. Mangal Singh Koghar Director __________________

4. Mr. Rajinderpal Singh Thakralbutra Director __________________

5. Mr. Prakit Pradipasen Director __________________

6. Mr. Sachin Jintendra Mehta Director __________________

7. Mr. Deepak Mittal Director __________________

Name Position Signature

Attorney

Mr. M. C. Bagrodia Director __________________

Mr. S. Srinivasan President ________________

Report of the Board’s Responsibilities

For Financial Statements

The management of the company is responsible for the financial
statements and financial reporting contained in the Annual Report. The
financial statements were prepared in accordance with generally accepted
accounting principles, using appropriate accounting polices consistently
and includes careful judgement and best estimates of management, The
management is also responsible for establishing and maintaining
effective internal control system for financial reporting and
safeguarding of company’s assets.

The Board complies its responsibilities for quality of company’s
financial statements and the adequacy of the internal control systems
primarily through its Audit Committee which consists of independent
directors. The report of the Audit Committee to the shareholders on its
working is included in this Annual Report.

The management believes that with its best efforts to maintain an
effective internal control system and environment, the internal control
systems provides reasonable assurance as to the integrity and
reliability of financial statements and safeguarding of assets on
December 31, 2002.

M.C. Bagrodia 

(Executive Director)