Sep.' 04 QR

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" height=90 BGCOLOR="#FF6633" TEXT="#080000"> <div> <FONT SIZE="5" COLOR="#000000" FACE="Arial" ><B>MORGAN VENTURES LIMITED</B></FONT><B>    </B><B> |    </B><A HREF="id19.htm" TARGET="_top" TITLE="Financial Results"><B> Financal Results</B></A></div> <div> <B>Sep.' 04 QR</B>   |   <A HREF="id37.htm" TARGET="_top" TITLE="Dec. 04 QR">Dec. '04 QR</A>   |   <A HREF="id45.htm" TARGET="_top" TITLE="Mar. 05 QR">Mar. '05 QR</A>   |   <A HREF="id46.htm" TARGET="_top" TITLE="Jun. 05 QR">Jun. '05 QR</A>   I   <A HREF="id65.htm" TARGET="_top" TITLE="Sep. 05 QR">Sep. '05 QR</A></div> <div> </div> </td> </tr><tr> <td valign="top" height=390 BGCOLOR="#FFFFCC" TEXT="#080000"> <div> <I> </I></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="523" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP COLSPAN=5 HEIGHT= 39 WIDTH="505"><div> <B>Unaudited Financial Results (Provisional) For The Quarter Ended 30th  September 2004</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="181" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>                                                                           </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="85"><div>  </div> </tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <B>(Rs. In Lacs)</B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><div> Sl. NO.</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Particulars</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> Quarter</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> Quarter</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> Previous</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="181" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="85"><div> Ended</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> Ended</div> </tD> <tD VALIGN=TOP><NOBR><div> Accounting</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="181" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> 30.09.2004</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> 30.09.2003</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> Year Ended</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="181" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <B>30.06.2004</B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="181" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> (Unaudited)</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> (Unaudited)</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> (Un Audited)</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><div> 1</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Net Sales/Income From Operations</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 840.83</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 85.76</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 1363.92</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div> 2</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Other Income</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 0.53</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div> 3</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Total Expenditure</div> </tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><div> a) (Increase)/Decrease in Stock in Trade</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 284.57</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 13.77</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> -871.34</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> b)  Purchase of Securities</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="85"><div> 114.39</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 0.78</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 1613.43</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><div> c)  Staff Cost</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 0.43</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 0.90</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 2.31</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> d)  Other Expenditure</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="85"><div> 2.50</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 3.20</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 10.30</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div> 4</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Interest</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 0.05</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 0.12</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 10.14</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div> 5</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Depreciation</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 76.16</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 4.19</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 146.54</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="48"><div> 6</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Profit before Tax</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> <B>362.73</B></div> </tD> <tD VALIGN=TOP WIDTH="83"><div> <B>62.80</B></div> </tD> <tD VALIGN=TOP WIDTH="96"><div> <B>453.07</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><div> (1+2-3-4-5)</div> </tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div> 7</div> </tD> <tD VALIGN=TOP><NOBR><div> Provision for Taxation</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div>  </div> </tD> <tD VALIGN=TOP WIDTH="181"><div> a) Income Tax</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 23.21</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 39.9</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="48"><div>  </div> </tD> <tD VALIGN=TOP WIDTH="181"><div> b) Deferred Tax</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> <B>120.47</B></div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 0.74</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 173.14</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div> 8</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Net Profit  (6-7)</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 219.05</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 62.06</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 240.03</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><div> 9</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Paid up Equity Share Capital</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 985.66</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 985.66</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 985.66</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><div> 10</div> </tD> <tD VALIGN=TOP WIDTH="181"><div> Reserves (Excluding Revaluation</div> </tD> <tD VALIGN=TOP><NOBR><div>               -   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>               -   </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><div> Reserves) as per Balance Sheet</div> </tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><div> of previous accounting year</div> </tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><div> 11</div> </tD> <tD VALIGN=TOP><NOBR><div> Basic and diluted EPS</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="85"><div> 2.22</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 0.62</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 2.44</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> (Not Annualised) - (Rs.)</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><div> 12</div> </tD> <tD VALIGN=TOP COLSPAN=2 WIDTH="269"><div> Aggregate of Non-Promoters Shareholding :</div> </tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><div> Number of Shares</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 2595300</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 2595300</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><div> Percentage of Shareholding</div> </tD> <tD VALIGN=TOP WIDTH="85"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="83"><div> 25.95</div> </tD> <tD VALIGN=TOP WIDTH="96"><div> 25.95</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="181" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="48"><div> <B>Note</B></div> </tD> <tD VALIGN=TOP WIDTH="181"><div> <B>:</B></div> </tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="83"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="83" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="96"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="96" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><div> <B>1</B></div> </tD> <tD VALIGN=TOP COLSPAN=4 WIDTH="454"><div> Previous year figures have been regrouped/rearranged wherever considered necessary.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="48"><div> <B>2</B></div> </tD> <tD VALIGN=TOP COLSPAN=4 WIDTH="454"><div> No investor complaints were pending at the beginning of the quarter and no fresh complaints were received during the quarter.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 57 WIDTH="48"><div> <B>3</B></div> </tD> <tD VALIGN=TOP COLSPAN=4 WIDTH="454"><div> The above financial results have been approved/taken on record by the Board of Directors of the Company at their meeting held on 29th October, 2004.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 114 ><NOBR><bR> <bR> <bR> <bR> <bR> <div> <B>Date </B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="181"><bR> <bR> <bR> <bR> <bR> <div> <B>: 29.10.2004</B></div> </tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="114" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP COLSPAN=2 WIDTH="182"><div> <B>For & on behalf of the Board of</B></div> <bR> <div> <B>Morgan Ventures Ltd.</B></div> <div> <B>(MEERA GOYAL)</B></div> <div> <B>Managing Director</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> Place </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="181"><div> :  New Delhi.</div> </tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP COLSPAN=2 WIDTH="182"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="182" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></div> <bR> </td> </tr></table></body>