Security in ban period

[Gandhi Kutir]

Security in ban period for trade date May 17, 2007- F&O segment

The derivative contracts in the underlying TTML have crossed 95% of
the market-wide position limit and are currently in the ban period. It
is hereby informed that all clients/ members shall trade in derivative
contracts of TTML only to decrease their positions through offsetting
positions. Any increase in open positions shall attract appropriate
penal and disciplinary action in accordance with the Circular No. NSCC/
F&O/C&S/365 dated August 26, 2004.