DISTRIBUTION OF SHAREHOLDING AS ON 30th September, 02 ( F.V. Rs. 5/-each) ( Paid Up: Rs. 5/- each)
				Category	No. of Shares Held	Percentage of Shareholding
A				PROMOTERS HOLDING
				Promoters Group Including Relatives of Promoters Group
	(I)			Indian Promoters
				Kailash S Choudhari ( Director)	4774014	21.663
				Seema Choudhari	531300	2.411
				Rashi Choudhari	384600	1.745
				Rohan Choudhari	382100	1.734
				Promoters' Relatives	214553	0.974
	(II)			Foreign Promoters	Nil	Nil
				Sub Total  A(1)	6286567	28.526
B.				NON- PROMOTERS HOLDING
				PERSONS ACTING IN CONCERT
	(I)			Directors & their relatives
			(a)	Directors
				Rudolf Meier	1588675	7.209
				D. K. Jain	1169846	5.308
				Popatlal Fulchand Sundesha	625587	2.839
				Others	Nil	Nil
			(b)	Relatives of Directors
				Mahindra Fulchand	486887	2.209
				Basant Fulchand	460479	2.089
				Subash Fulchand	441687	2.004
				Others	185537	0.842
	(II)			Director of subsidiary Companies and their relatives
			(a)	Directors
				Chetan Choudhari	266367	1.209
			(b)	Relatives of Directors of Subsidiary Companies
				Manjula Choudhari	225724	1.024
				Others	365788	1.660
	(III)			Others	Nil	Nil
				Sub Total  A(2)	5816577	26.394
				Total  A	12103144	54.920
	(IV)			INSTITUTIONAL INVESTORS
		(a)	(i)	Mutual Funds & UTI	Nil	Nil
			(ii)	Others	Nil	Nil
		(b)		Banks, Financial Institutions, Insurance Companies ( Central/ State Gov. Institutions/ Non Govt. Institutions)	Nil	Nil
		(c)		FIIS
				Electra Partners Mauritius Ltd ( Foreign Company)	2868750	13.017
				Sub Total (B)(1)	2868750.00	13.017
	(V)			OTHERS
		(a)		Private Corporate Bodies
			(i)	Fulchand Exports	679650	3.084
			(ii)	Other Private Corporate Bodies	724379	3.287
		(b)		Indian Public	4747604.00	21.543
		(c)		NRIs/ OCBs
			(i)	NRIs	58695	0.266
			(ii)	OCBs	78300	0.355
		(d)		Employee Welfare Trust	777370	3.527
				Sub Total (B)(2)	7065998	32.063
				Total (B)	9934748	45.080
				Grand Total (A+ B)	22037892	100.00
Total Foreign Shareholding					4805670	21.806

For AKSH OPTIFIBRE LIMITED        
Sd/-        
Kailash S. Choudhari        
Managing Director