inlac granston ltd Management discussions


INLAC GRANSTON LIMITED ANNUAL REPORT 2002-2003 MANAGEMENT DISCUSSION AND ANALYSIS REPORT Manufacturing operations at the Companys plant located at Tamil Nadu continue to remain suspended since June, 1998. Efforts in looking for an alternative use of the resources of the company have been pursued from time to time. However no viable option has emerged yet. In compliance with Listing Acres with Stock Exchange(s), where the Equity shares of the Company are listed, the Code of Corporate Governance has been implemented during 1he financial year 2002-03. A separate report providing information/status on the corporate Governance to the extent possible is enclosed as a part of Annual Report.