anil limited announces q3 results; pbt up 66.46 %; sales touch rs 132.48 crore

ANIL LIMITEDRegistered OfficeP.O. Box: 10009Anil RoadAhmedabad – 380025Gujarat INDIA

MEDIA RELEASE

Plant LocationAnil Road,

Ahmedabad – 380025GujaratINDIA

Corporate OfficeAnil Corporate House

Opp. WIAA, Besides DLA School Off. Judges Bungalow Rd., Bodakdev

Ahmedabad – 380015 INDIA

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Anil Limited announces Q3 results; PBT up 66.46 %; Sales touch Rs 132.48 crore

Net Profit rise 57.23% Profit Before Tax (PBT) at Rs 14.02 Crore in Q3 Sales up by 37.39% at Rs 132.48 Crore

Ahmedabad, January 19, 2010:Anil Limited (AL), Flagship Company of food and bio-industrial focused ANIL Group, reported a net profit of Rs. 11.25 Crore for the quarter ended December 31, 2010, a 57.23 % increase over Rs. 7.15 Crore registered for the corresponding period of last fiscal. The Profit Before Tax (PBT) stands at Rs.14.02 Crore for the quarter, as against a profit of Rs.8.42 Crore in the corresponding period, with rise of 66.46%. Net sales rose to Rs 132.48 Crore, a 37.39 % increase from Rs. 96.42 Crore in the Q3 of previous fiscal. The Board of Directors has taken note of the sad demise of honourable Chairman Shri Shripal Sheth on December 26, 2010.

Speaking on Q3 results, Mr. Amol Sheth, Managing Director of Anil Limited, said, “We are continuously working towards developing and introducing new value added products and application for various end user industries along with focussed approach in the areas of Cost Management and Quality. This has resulted us in achieving the growth in Revenues and Profits in the 3rd Quarter. We are on track to achieve the projected annual top line and bottom line.”

Giving a broad outlook of company’s plan for the future, Mr. Amol Sheth, said, “Moving forward, there are excellent opportunities to grow the business in view of changes in the health, nutritional and functional needs of the changing consumer appetite. Our understanding of customer requirements will propel growth prospects in domestic and export market. Indian Starch industry continues to remain a sunrise sector and Anil Limited is looking forward to grow aggressively.”

The Board of Directors has taken note of the sad demise of honourable Chairman Shri Shripal Sheth on December 26, 2010. Anil Limited is committed to fulfil the vision of its late Chairman

For additional information, contact: Corporate Communication, Anil Limitedmedia@anil.co.in+91-79-40281000 Page 1

ANIL LIMITEDRegistered OfficeP.O. Box: 10009Anil RoadAhmedabad – 380025Gujarat INDIA

MEDIA RELEASE

Plant LocationAnil Road,

Ahmedabad – 380025GujaratINDIA

Corporate OfficeAnil Corporate House

Opp. WIAA, Besides DLA School Off. Judges Bungalow Rd., Bodakdev

Ahmedabad – 380015 INDIA

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Shri Shripal Sheth of driving growth through Technology Excellence and expand into new, global markets with specialty products to achieve a dominant player status.

About Anil Limited:Anil Limited is one of the largest Corn Wet Milling (CWM) Units in India operating in the Bio-Industrial sector and manufactures complete range of starches ranging from basic Maize Starch to Modified / Specialty Starches and related down-stream products like Dextrose Monohydrate, Anhydrous Dextrose, and Corn Syrup. Anil is a pioneer in the introduction and manufacture of various starch based products for textile, food, pharmaceutical, paper and other industries in India. Anil Limited is a part of the ANIL GROUP started in 1939 by Late Shri Chinubhai Sheth.

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For additional information, contact: Corporate Communication, Anil Limitedmedia@anil.co.in+91-79-40281000 Page 2