DEPUTY GENERAL MANAGER
INVESTIGATION DEPARTMENT
IVD/ID6/BM/NS/MIL/ /2007
June 15, 2007
M/s Magan Industries Limited
32, Rajsukh Complex,
Opposite Gujrath Vidyapith,
B/H Lotus Co-Op Hsg. Ltd.,
Ashram Road,
Ahmedabad – 380 014
Dear Sir,
Sub: Personal hearing in the matter of Magan Industries Limited (MIL)
Please refer to our show cause notice dated December 8,2006 with regard to SEBI investigation in the matter of Magan Industries Limited (MIL).
In this connection, it is informed that personal hearing has been granted to you by the Whole Time Member (Shri V K Chopra), SEBI. The personal hearing is scheduled on July 05,2007 at 2.30 p.m. before WTM (Shri V.K. Chopra) at the venue stated below:-
Securities and Exchange Board of India
Plot No.C4-A, “G” Block, Bandra Kurla Complex
Bandra (E), Mumbai- 400 051
You may note that this opportunity is given to you to adduce all evidences and clarifications in support of your contentions, if any for the charges leveled against you in the said case. If you do not appear before WTM on the said date of hearing, it will be presumed that you have nothing further to state and SEBI may proceed further in this matter and pass ex-parte order based on the material available on record. You are also advised to submit your reply to the show cause notice before the scheduled date of hearing.
Please confirm your attendance by June 25, 2007.
Yours faithfully,
BARNALI MUKHERJEE