September 2005 Quarter Results

NOTES

1. The Metallizer has been commissioned as scheduled in October 2005.
2. Investor's complaints received and disposed of during the quarter under report: (N0s.)
   
   Complaints pending at the beginning of the quarter:         NIL
   Complaints received during the quarter:                         11
   Complaints disposed of during the quarter:                     11
   Complaints lying unresolved at the end of the quarter:     NIL
   
   
3. Previous year / half year / quarter figures have been regrouped / recast wherever necessary to make them comparable.
   
   
4. The results for the quarter / half year ended 30th September 2005 have been subjected to limited review by the Auditors and were taken on record at the Board of Directors meeting held on 3rd November 2005.
   
   

For ESTER INDUSTRIES LIMITED