RNS Number:7301S
E.I.D. Parry (India) Ld
2 December 2003

Letter to RNS

                                Sub: Restructuring

We write to inform you that the Hon'ble High Courts of Judicature at Madras and
Andhra Pradesh have sanctioned the Scheme of Arrangement for demerger of Farm
Inputs Division of our company to Coromandel Fertilsers Ltd (CFL), and the
amalgamation of Parry & company Ltd (P&CO) and Mofussil Warehousing and Trading
company Ltd (MWT), our wholly owned subsidiaries with our company.

Certified copies of the Madras High Court order have already been filed with the
office of the Registrar of Companies, Chennal by our company, P&CO and MWT. CFL
have today filed a certified copy of the Order of the High Court of Andhra
Pradesh with the office of the Registrar of Companies, Hyderabad.

Consequent to the above, the scheme of Arrangement for Demerger of the Farm
Inputs Division of our company to CFL and amalgamation of P&CO and MWT with our
company have become operative today, i.e. 1st December, 2003.


From E.I.D.Parry (India) Ltd


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