Sybly Industries - Utilisation of Funds

Sybly Industries Ltd has informed BSE that during the quarter, Company had raised Rs 480,00 lacs through issue of shares and convertible warrants on Preferential basis. The details of the utilisation of the said sum upto March 31, 2008 is as under:

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Particulars of utilisation of funds upto the Quarter		Utilisation of Funds
ended March 31 2008						(Rs in lacs)
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1. Working Capital Requirement					240.00

2. In Bank Deposits (Pending Utilisation)			240.00
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Total Utilisation of funds					480.00
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