Nitco Tiles Ltd has informed BSE that the following statement of Utilisation of Funds as under:

1. Utilisation of Issue proceeds: Expansion of Ceramic Floor Tiles Capacity
- As per Prospectus: Rs 2091 lacs
- on March 31, 2008: Rs 2141 lacs

2. Utilisation of Issue proceeds: Setting up of Wall Tile Unit
- As per Prospectus: Rs 3691 lacs
- on March 31, 2008: Rs 3583 lacs

3. Utilisation of Issue proceeds: Installation of Wind Mills
- As per Prospectus: Rs 3786 lacs
- on March 31, 2008: Rs 3808 lacs

4. Utilisation of Issue proceeds: Public Issue Exp
- As per Prospectus: Rs 1174 lacs
- on March 31, 2008: Rs 1237 lacs

5. Utilisation of Issue proceeds: General Corporate Purposes
- As per Prospectus: Rs 6058 lacs
- on March 31, 2008: Rs 6058 lacs

Total : Utilisation of Issue proceeds:
- As per Prospectus: Rs 16800 lacs
- on March 31, 2008: Rs 16827 lacs.