Press Release

The Securities and Exchange Board of India vide its Order dated October 10, 2002, has debarred M/s Vijetha Agro Farms (India) Ltd., Guntur and its concerned officials from operating in the capital market for a period of 5 years from the date of the Order. This entity has, interalia, failed to comply with the earlier Order dated May 30, 2002, of SEBI directing it 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.