Alok Industries Business Updates

Alok Industries Ltd has informed about the Notable Events during the quarter ended September 30, 2007 as follows:

- 25000 new spindles at the Spinning Plant commissioned; 75000 spindles now operative.

- Final approval for textile specific Special Economic Zone at Silvassa received.

- Certificate from the Control Union Certifications, Netherlands certifying the Company's organic cotton project in the country to be in accordance with the "Global Organic Textile Standard — GOTS" standards for the processing of fibres from certified organic agriculture.

- Certificate from the Control Union Certifications, Netherlands certifying the Company's organic cotton project in the country to be in accordance with the OE 100 Standard of The Organic Exchange.