Jk Tyre & Industries Limited has informed the Exchange that vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on January 22, 2009) that the proceeds of rights issue are being used for the objects stated in the Letter of Offer dated July 18, 2008. Pending utilization, balance funds are retained in working capital.
| NIFTY 
