No Margin loan to Companys With high P/E

SEC vide its directive no. SEC/CMRRCD/2001- 43/04 dated December 09, 2009 has directed the Merchant Bankers, including the Portfolio Managers to immediately stop providing or disbursing of any further margin loan or credit facilities to their clients to purchase the equity securities with price-earning ratio of above 75 (seventy five) until further order. This Directive shall supersede the previous Directive no. SEC/CMRRCD/2001- 43/198 dated October 21, 2009. This shall have immediate effect.