Indbank Merchant Banking Services Ltd (Manager to the Buyback Offer) on behalf of Madras Cements Ltd (Target Company) has informed BSE about the following advertisement issued by Madras Cements Ltd (Target Company) on March 20, 2008.

“The company has bought back 5000 equity shares of Rs 10/- each on March 19, 2008 amounting to Rs 160.47 Lacs being approximately 2.49% of the total Buy-back offer, thereby completing the buyback to the extent of 96.05% of the total buy back offer of Rs 6447.26 Lacs.”