Press Release

The Securities and Exchange Board of India (SEBI) vide its Orders dated October 21, 2002, has debarred the following Collective Investment Scheme entities and their concerned officials from operating in the capital market and from accesing the capital market for a period of 5 years from the date of the Order. These entities have, interalia, failed to comply with the earlier Order dated June 12, 2002, of SEBI directing them to refund the money collected under the collective investment scheme(s) with returns due to the investors as per the terms of the offer within a period of one month from the date of the said Order:

1. M/s. Aakar Plantations Company Ltd., Jaunpur, U.P.

2. M/s. Angel Green Forest Ltd., Kapurthala, Punjab

3. M/s. DMC Vaults Ltd., New Delhi

4. M/s. Green Shield Plantations Ltd., New Delhi

5. M/s. H.P. Agriculture Farms & Forest Ltd., Solan, H.P.

6. M/s. Ilex Agrotech (I) Ltd., Kanpur, U.P.

7. M/s. Kriex Global Plantations Ltd., Varanasi, U.P.

8. M/s. Life Guard Forestry Pvt. Ltd., Varanasi, U.P.

9. M/s. N.P. Agro (India) Ltd., Bareilley, U.P.

10. M/s. Prehari Plantations & Resorts Ltd., Kapurthala, Punjab

11. M/s. Shani Plantations (P) Ltd., Gorakhpur, U.P.