NRC Ltd

NRC Ltd has informed about the following:

1. The Company had issued and privately placed Zero Coupon Debentures to LIC. The Company has defaulted in redemption of debentures to the extent of Rs 43,40,000 and in payment of interest of Rs 1,62,304/- as on August 31, 2007.

2. The Company had privately placed Zero Coupon Non-Convertible Debentures with IIBI. The Company has defaulted in redemption of Debentures to the extent of Rs 1,55,87,000 and not paid interest of Rs 5,82,911/- as on August 31, 2007.