Hacked by islam_Bey imhatimi.org

Rajesh Exports Ltd has informed BSE that has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Company has posted a net profit after tax of Rs 489.39 million for the quarter ended March 31, 2008 as compared to Rs 333.35 million for the quarter ended March 31, 2007. Total Income has increased from Rs 17946.41 million for the quarter ended March 31, 2007 to Rs 25254.04 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Company has posted a net profit after tax of Rs 2065.62 million for the year ended March 31, 2008 as compared to Rs 1012.84 million for the year ended March 31, 2007. Total Income has increased from Rs 68933.93 million for the year ended March 31, 2007 to Rs 86670.90 million for the year ended March 31, 2008.

Rajesh Exports Ltd has informed BSE that the Company is announcing the audited financial results of the Company for the financial year ending March 31, 2008 before the stipulated period of June 30, 2008, the Company is not announcing the un-audited quarterly results for the quarter ending March 31, 2008.

Rajesh Exports Ltd has informed BSE that in the present economic climate, there are rumors that many Corporates have suffered losses in the currency derivatives, options and commodity trading. In this regard the Company has clarified that it has not suffered any losses in any type of currency options, commodity trading or any other speculative business.

The rising gold prices have also not affected the Company’s performance and the Company stands by the guidance given. Infact the Company is confident of reporting a robust business and surpassing the guidelines of sales and profitability for the current year. The expansion projects of the company are also on track and the Company is confident of achieving the expansion targets comfortably for the coming years.

Rajesh Exports Ltd has informed BSE that the Jewellers Association, Bangalore, one of the oldest jewellery associations in the country, conferred the “Jeweller of the year” award to Rajesh Exports Ltd for its outstanding contribution to the jewellery trade. The award was given for the various innovations and the high standards achieved by Rajesh Exports in the jewellery manufacturing and trade.

Mr. Nandan Nilenkeni, Co-Chairman of Infosys graced the occasion as the chief guest. The award was given away at a grand function held at Hotel Ashok, Bangalore on February 03, 2008. The award was received by Mr. Rajesh Mehta, Chairman, Rajesh Exports Ltd from Mr. Nandan Nilenkeni at the function.

Rajesh Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2008, has approved the allotment of 147814000 equity shares of Re 1/- each of the Company as Bonus Shares by Capitalization of the profits to all the shareholders of the Company whose names appeared on the Register of Members of the Company on the record date of February 05, 2008.