SRF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2008, inter alia, have approved:

1. Buy-back through open market route (stock exchange route).

2. Buy-back at a price not exceeding Rs 160/- per equity share.

3. Buy-back offer shall remain open upto April 24, 2009 or such earlier date as may be determined by the Board at any time even if the maximum limit of Buy-back of shares has not been reached, by giving an appropriate notice for such earlier date, if any, whichever is earlier.

4. The proposed Buy-back could absorb a maximum of Rs 70.00 crores which is less than 10% of the paid up capital and free reserves of the Company.

The actual number of shares bought back would depend upon the average price paid for the shares bought back and the actual amount deployed in the Buy-back, subject to the limit specified in point No. 4 above.