PRESS RELEASE

Chairman SEBI has passed an Order no. CO/53/IES/06/2003 dated 17/06/03, against M/s. Harsh Investments Consultants in the case of Krishna Filaments Ltd. Vide the aforesaid Order, Chairman has in exercise of the powers conferred on him under Section 4(3) of SEBI Act, 1992 read with Regulation 13 of SEBI (Procedure for Holding Enquiry) Regulations, 2002 along with SEBI (Stock Brokers and Sub Brokers) Regulations, 1992 and SEBI (Prohibition for Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 1995 ordered that the registration of Harsh Investments Consultants as a sub-broker of BSE be suspended for a period of six months. This order shall come into effect after three weeks from the date of this order.