Hindusthan Vidyut Products Limited

We take this opportunity to introduce ourselves as one of the largest manufacturers of www.insulatorsindia.com & Cables in India. Our company has a long and impressive track record of 40 years in business activities, catering to the Power Generation, Transmission and Distribution Sector of Industry.

ISO 9001 CERTIFICATE
Our continuous and systematic efforts to achieve high standards of quality have been recognised with the award of ISO 9001 Certificate by BVQI the International Accrediting Agency. The certificate covers our entire product range of Cables and Conductors.

ISI Certification Mark
We have ISI Certification Mark for our products and have implemented ISI Scheme of testing and quality control. In addition to this we have our own test specification drawn from the International Standards like IEC, ASTM etc.

Past Performance

Conductors & Cables
Our products have been used by various electricity Boards, power Projects, Public Sector Undertakings, Collieries, Defence Installations, Nuclear Power Projects etc.

We have created reputation for our products in overseas market since - 1970 & have a diversified market share in line with bulk exports of AAC, ACSR, AAAC Conductors & cables to Libya, Bangladesh, Federal Republic of Germany, Yugoslavia, Iran, Trinidad, Srilanka, Tanzania, Mauritius, Nepal, Kenya, Muscat, Zimbabwe, Uganda etc.

High Tension Insulators
IEC is one of the largest producers & exporters of Porcelain Insulators in India and IEC is recognised as reliable, quality conscious exporters of Porcelain Insulators. IEC's insulators have been exported to countries like USA, Turkey, France, Italy, Germany, South Africa, Ceylon, Bangladesh and Gulf countries like Saudi Arabia, Oman, Abu Dhabi etc. IEC has also been awarded with ISO 9001 certificate by LRQA, U.K. the International accrediting Agency.

HINDUSTHAN VIDYUT PRODUCTS LIMITED

EQUITY SHAREHOLDING PATTERN AS ON 30.06.2008

Category						No. of Shares held	% of Holding
A.	Promoter’s holding
	1.	Promoters
		-		Indian Promoters:
		01.		M/s. Hindusthan Consultancy & Services Ltd (Formerly M/s Energy Holdings Consortium Ltd)		708825	49.12
		02.		M/s. Promain Ltd		137900	9.56
		03.		M/s. Carbo Industrial Holdings Ltd		132820	9.21
		04.		M/s. Hindusthan Business Corporation Ltd		47000	3.26
		05.		M/s. Pradyumnna Steels Ltd		70000	4.85
		06.		Others		500	0.03
		-		Foreign Promoters		--	--

	2.	Persons acting in concert				As above
					Sub Total	1097045	76.03
B.	Non-Promoters holding:
C.	Institutional Investors:
	1.	Mutual Fund and UTI				--	--
	2.	Banks, Financial Institutions, Insurance Companies (Central/State Govt. Institutions, Non-Govt. Institutions)
		1.			LIC of India	71520	4.96
		2.			Others	5600	0.38
	3.	FIIs.				--	--
	4.	Any Other.				--	--
					Sub Total	77120	5.34

D.	Others:
	1.	Private Corporate Bodies				23403	1.62
	2.	Indian Public
		-	Holding more than 1% :
		1.	Neeta M Patel			30000	2.08
		2.	Ramaben Bhagubhai Patel			21314	1.48
		3.	Bhagubhai Madhav Patel			17000	1.18
		4.	Mahendra Girdharilal			16460	1.14
		-	Holding below 1%			159883	11.08
	3.	NRI/OCB’s				660	0.05
	4.	Any Other				--	--

					Sub Total	268720	18.63
					Grand Total	1442885	100.00

* As defined in regulation 2(h) of SEBI(Substantial Acquisition of Shares and takeovers) Regulations, 1997. The Promoters' holding shall include all entities in the promoters group individual or body corporates.

# As defined in Regulation 2(e) of SEBI (Substantial Acquistion of Shares and takeovers) Regulations, 1997.

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER
ENDED 30TH JUNE, 2008

HINDUSTHAN VIDYUT PRODUCTS LIMITED
Regd. Office: Kanchenjunga, (7th Floor)
18, Barakhamba Road, New Delhi - 110001
Phone: 011-23310001 (5 Lines), Fax: 011-23313707
E.mail:hvplndl@hindusthanvidyut.com
Website: www.hindusthanvidyut.com
Unaudited Financial Results for the quarter ended 30TH JUNE, 2008.

			(Rupees in Lakhs)
	Particulars			Previous Accounting Year ended (Audited)
				Previous Accounting Year ended (Audited)
		30.06.2008	30.06.2007	31.03.2008
		(1)	(2)	(3)

1.	Net Sales Income from operations	5696.29	5644.13	25390.86
2.	Other Income	224.30	137.54	656.71
3.	Extra ordinary Income	-	-	-
	Total Income	5920.59	5781.67	26047.57
4.	Expenditure
	a. (Increase)/decrease in stock in Trade & work in progress	(986.00)	(294.09)	(195.65)
	b. Consumption of raw-material	3720.84	3261.19	13325.41
	c. Purchase of Traded goods	24.51	0.00	0.00
	c. Employees Cost	355.56	282.64	1370.84
	d. Depreciation	190.95	118.50	489.58
	e. Power & Fuel	118.50	587.81	2810.15
	f. Other expenditure	1286.84	1066.73	4268.00
	g Total	5561.78	5022.78	22068.33
5.	Interest	268.74	140.27	574.12
6.	Exceptional items	-	-	-
7.	Profit (+) / Loss (-) from ordinary Activities before tax (3) – (4-5-6)	90.07	618.62	3405.12
8.	Tax expenses	142.71	254.60	1195.71
	Current Tax	15.00	230.00	794.81
	Deferred Tax	60.00	21.00	400.90
9.	Net Profit(+)/Loss (-) from Ordinary Activities after tax (7-8)	15.07	367.62	2209.41
10.	Extraordinary Items (net of tax expenses Rs. 104.08)	-	119.93	119.93
11.	Net Profit(+)/Loss (-) for the period (9+10)	15.07	487.55	2329.34
12.	Paid-up equity share capital (Face Value of the Share shall be indicated)	144.29	144.29	144.29
13.	Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year	-	-	17683.54
14.	Earnings Per Share (EPS)
	a) Basic and diluted EPS before Extraordinary items for the period (Rs.)	1.04	26.58	154.22
	b) Basic and diluted EPS after Extraordinary items for the for the period (Rs.)	1.04	33.79	144.90
15	Public shareholding
	- Number of shares	345840	345840	345840
	- Percentage of shareholding	23.97	23.97	23.97

1.	Segment Revenue (Net sale/income from each segment)
	a. Electrical Cables & Conductors	3134.88	3459.53	14549.90
	b. High Tension Insulators	2714.41	2251.73	11213.19
	c. Unallocated	71.30	70.41	284.48
	Total	6927.97	8045.15	26047.57
	Less: Inter Segment Revenue	-	-	26.59
	Net sales income From Operations	5920.59	5781.67	26020.98
2.	Inter Segment Results (Profit)(+)/ Loss(-) before tax and interest
	a. Electrical Cables & Conductors	(43.88)	325.15	787.87
	b. High tension Insulators	306.76	471.12	2841.75
	c. Unallocated	71.30	70.41	404.41
	Total	334.18	866.68	4034.03
	Less: Interest (Net)	244.11	128.13	508.98
	Unallocated	-	119.93	119.93
	Total profit Before Tax	90.07	618.62	3405.12
3.	Capital Employed
	a. Electrical Cables & Conductors	6533.57	5489.42	6877.66
	b. High Tension Insulators	6013.29	5370.65	5685.39
	c. Others	5298.54	5155.10	5298.54
	Total	17845.40	16015.17	17861.59

Notes:-
1.	Limited review of the above results have been carried out by the statutory auditors. The same were reviewd by Audit Committee and taken on record by the Board of Directors in their respective meeting held on 31.07.2008 at New Delhi.

2.	The Company has no other segment which contributes more than 10% to the Company's total revenue or profits.

3.	There were neither any investor complaint pending at the beginning of the quarter nor any complaint received during the quarter.

4	Previous year figures have been regrouped/rearranged wherever necessary with no impact on profit.

Place:New Delhi Date :31.07.2008		For HINDUSTHAN VIDYUT PRODUCTS LIMITED (S. S. BHUWANIA) MANAGING DIRECTOR

CODE OF CONDUCT FOR BOARD MEMBERS AND SENIOR MANAGEMENT

Introduction
This Code of Conduct (hereinafter referred to as "the Code") has been framed and adopted by Hindusthan Vidyut Products Limited (hereinafter referred to as "the Company") in compliance with the provisions of Clause 49 of the Listing Agreements entered into by the Company with the Delhi Stock Exchange.

Applicability
The Code applies to the Members of Board of Directors (hereinafter referred to as "Board Members) and Members of the Senior Management Team of the Company one level below the Managing Director, viz. Presidents, Vice Presidents, Asstt. Vice Presidents, Works Managers and all other executives having similar or equivalent rank in the Company and the Company Secretary of the Company (hereinafter referred to as "Senior Managers").

The Company Secretary shall be the Compliance Officer for the purpose of this Code.

The Code shall come into force with effect from 1st January, 2006 and future amendments / modifications shall take effect from the date stated therein.

The Code shall be posted on the website of the Company.

Code of conduct
The Board Members and Senior Managers shall observe the highest standards of ethical conduct and integrity and shall work to the best of their ability and judgement.

The Board Members and the Senior Managers of the Company:

1	Shall maintain and help the Company in maintaining highest degree of Corporate Governance practices.

2	Shall act in utmost good faith and exercise due care, diligence and integrity in performing their office duties.

3	Shall ensure that they use the Company's assets, properties, information and intellectual rights for official purpose only or as per the terms of their appointment.

4	Shall not seek, accept or receive, directly or indirectly, any gift, payments or favour in whatsoever form from Company's business associates, which can be perceived as being given to gain favour or dealing with the Company and shall ensure that the Company's interests are never compromised.

5	Shall maintain confidentiality of information entrusted by the Company or acquired during performance of their duties and shall not use it for personal gain or advantage.

6	Shall not commit any offence involving moral turpitude or any act contrary to law or opposed to the public policy.

7	Shall not communicate with any member of press or publicity media or any other outside agency on matters concerning the Company, except through the designated spokespersons or authorized otherwise.

8	Shall not, without the prior approval of the Board or Senior Management, as the case may be, accept employment or a position of responsibility with any other organization for remuneration or otherwise that are prejudicial to the interests of the Company and shall not allow personal interest to conflict with the interest of the Company.

9	Shall in conformity with applicable legal provisions disclose personal and/ or financial interest in any business dealings concerning the Company and shall declare information about their relatives (spouse, dependent children and dependent parents) including transactions, if any, entered into with them.

10	Shall ensure compliance of the prescribed safety & environment related norms and other applicable codes, laws, rules, regulations and statutes, which if not complied with may, otherwise, disqualify him/ her from his/ her association with the Company.

11	Shall ensure compliance with SEBI (Prohibition of Insider Trading) Regulations, 1992 as also other regulations as may become applicable to them from time to time.

Annual compliance reporting
Board Member and Senior Managers shall affirm compliance with this Code on an annual basis as at the end of the each financial year of the Company (as per Appendix I within 7 days of the close of every financial year).

Acknowledgement of receipt of the code
Each Board Members and Senior Managers both present and future shall acknowledge receipt of the Code or any modification(s) thereto, in the acknowledgement form annexed to this Code as Appendix - II and forward the same to the Compliance Officer.

Any breach of the aforesaid Code brought to the notice of the Compliance Officer or any member of the Board or Senior Management shall be reported to the Board of Directors of the Company for necessary action.