NITIN FIRE PROTECTION INDUSTRIES LIMITED

Nitin Fire Protection Industries Limited has informed the Exchange vide notes to Accounts in the audited financial results for the year ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on June 26, 2008) that: "Out of the funds of the IPO, the Company has utilized Rs.4,398.48 lacs till March 31, 2008. The balance funds will be utilized as per the proposed schedule of deployment of funds mentioned in the chapter "Objects of the Issue". The unutilized funds as at March 31, 2008 have been temporarily deployed in short term investments".