JL Morison (India) Ltd. reported unaudited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net sales of INR 280.877 million compared with INR 255.983 million for the same period last year. Loss form operation before other income, finance costs and exceptional items was INR 19.770 million compared with profit form operation before other income, finance costs and exceptional items INR 10.480 million for the same period last year. Loss from ordinary activities before tax was INR 19.437 million compared with profit from ordinary activities before tax INR 12.051 million for the same period last year. Loss for the period was INR 16.696 million or INR 12.23 basic and diluted per share compared with profit for the period of INR 10.197 million or INR 7.47 basic and diluted per share for the same period last year. For the full year, the company reported net sales of INR 1,136.842 million compared with INR 1,049.836 million for the same period last year. Loss form operation before other income, finance costs and exceptional items was INR 27.050 million compared with INR 4.896 million for the same period last year. Profit from ordinary activities before tax was INR 20.105 million compared with INR 2.992 million for the same period last year. Profit for the period was INR 14.264 million or INR 10.45 basic and diluted per share compared with INR 0.965 million or INR 0.71 basic and diluted per share for the same period last year.

JL Morison (India) Ltd. announced that the Board of Directors of the company at its meeting held on May 10, 2013 has recommended the payment of dividend on Equity shares at INR 1 per share i.e. 10% of the paid up Equity Share Capital of company for the year ended March 31, 2013 subject To Approve the shareholders in the forthcoming Annual General Meeting of the company.

JL Morison (India) Ltd., Board Meeting, May 10, 2013. Agenda: To consider and approve the audited financial results for the quarter and year ended March 31, 2013 and to recommend the payment of dividend for that year, if any.