The Stock Exchange, Mumbai
BSE's Corporate Relationship Department
1st Floor, New Trading Ring,
Rotunda Building, P.J. Towers,
Dalal Street, Fort,
MUMBAI 400 001.

SRF/SEC-D/16                                                                                             1st March, 2005


Dear Sir,

In compliance with the provisions of the Listing Agreement, we hereby inform you that a meeting of the Board of Directors is scheduled to be held on Tuesday, the 8th March, 2005 at New Delhi for, inter-alia, considering a proposal to issue warrants on preferential basis to the Promoters, carrying a right to subscribe to equity.

You will be advised further in due course.

Pursuant to the Code of Conduct for Prevention of Insider Trading framed in accordance with the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, the window for trading in the shares of the Company by the Directors/employees will be closed between Wednesday, the 2nd March to Thursday the 10th March, 2005 (both days inclusive).

This is for your information and records.

Thanking you,

Yours faithfully,
for  SRF LIMITED


S.G.Y.NARAYANAN
CHIEF FINANCIAL OFFICER