Delisting of Securities of Inox Leasing & Finance Ltd.

This is to inform that the securities of Inox Leasing & Finance Ltd. (Scrip Code No.532213) will be struck-off (delisted) from the list of Officially Quoted Securities with effect from Wednesday, the 30th April, 2003 pursuant to the compliance with Clause 21(3)(a) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 by the Acquirers.

The Acquirer has agreed to provide an exit option to the existing shareholders at Rs.10/- per share at any time during one year from the date of delisting. The shareholders who desire to opt for the exit option will have to send their shares to the undermentioned address:

	Inox Leasing & Finance Ltd.
	69, Jolly Maker Chambers II,
	Nariman Point,
	Mumbai 400 021.

The company has also agreed to resolve investor complaints (if any) pending and received hereafter for a period of one year from the date of delisting to the satisfaction of the Exchange.