December 18, 2003.

Addressed to :
Stock Exchange, Mumbai
And all other Stock Exchanges

Dear Sirs,

Pursuant to the Resolutions passed by the shareholders of the Company at the Annual General Meeting of the Company held on 9th July 2003 the Compensation Committee of the Board of Directors at its Meeting held on 17th December 2003 has granted 6,45,850 Stock Options to certain permanent employees in the Management Cadre including the Managing/ Wholetime Directors. These Stock Options covering 6,45,850 Equity Shares in the aggregate are to be exercised in the manner laid down in the aforementioned Resolutions/Explanatory Statement and the Rules governing the ESOS.

<01 Total number of Options granted The Compensation Committee has granted 6,45,850 Stock Options (which is limited to about 0.4% of the subscribed Share Capital against the maximum number of 15,00,000 Options in the aggregate as per the Resolutions passed by the shareholders i.e. about 0.9% of the subscribed Share Capital).

<02 Exercise Price As per the Resolutions passed at the Annual General Meeting, the Exercise Price will be computed on the average of the daily closing price of the Company's shares on the Stock Exchange, Mumbai, during the period of thirty days immediately preceding the date on which the Options are granted or the day's closing price whichever is higher. Accordingly, the Exercise Price has been determined at Rs.225 (Rupees two hundred twenty five) per share.

03 Vesting Period The Vesting Period is one year from the date of the grant. The date of grant is 17th December 2003. No employee can exercise his/ her right during this Vesting Period.

04 Exercise Period The Options can be exercised within a period of four years from the date of the expiry of the Vesting Period in one or more tranches as may be decided by the Compensation Committee from time to time. On exercise of the Options the employee will be allotted one Equity Share per Option at the Exercise Price.

SHR NSA BSE 9371

December 1, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that pursuant to the Resolution passed by Circular dated 28th November 2003, by the Shareholders/Investors Grievance Committee, 28,500 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, 38,148 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001 and 34,000 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2002.

Consequently, the paid up Share Capital of the Company has increased from 17,11,99,406 shares as on October 22, 2003 to 17,13,00,054 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing/trading permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

SHR NSA BSE 7832

October 22, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on October 22, 2003, 28,550 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, 3,150 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001 and 17,950 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2002.

Consequently, the paid up Share Capital of the Company has increased from 17,11,49,756 shares as on September 25, 2003 to 17,11,99,406 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing/trading permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

SHR NSA BSE 6654

September 25, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on September 25, 2003, 61,400 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, and 14,112 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001.

Consequently, the paid up Share Capital of the Company has increased from 17,10,74,244 shares as on August 28, 2003 to 17,11,49,756 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing/trading permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

SHR NSA BSE 5586

August 28, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on August 28, 2003, 70,150 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, and 11,762 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001.

Consequently, the paid up Share Capital of the Company has increased from 17,09,92,332 shares as on July 24, 2003 to 17,10,74,244 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing/trading permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

SHR NSA BSE 4054

July 24, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on July 24, 2003, 26,400 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, and 5,050 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001 and 253 shares were allotted from shares kept in abeyance at the time of Rights Issue 1999.

Consequently, the paid up Share Capital of the Company has increased from 17,09,60,629 shares as on June 24, 2003 to 17,09,92,332 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

SHR NSA BSE 3736

June 25, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that pursuant to the Resolution passed by Circular dated June 24, 2003, by the Shareholders/Investors Grievance Committee, 26,000 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, and 1,350 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001.

Consequently, the paid up Share Capital of the Company has increased from 17,09,33,279 shares as on May 2, 2003 to 17,09,60,629 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

SHR NSA BSE 2783

May 2, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on May 2, 2003, 3,050 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, and 100 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001, and 185 shares were allotted from shares kept in abeyance at the time of Rights Issue 1999.

Consequently, the paid up Share Capital of the Company has increased from 17,09,29,944 shares as on March 26, 2003 to 17,09,33,279 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

Ref: No: SCT/H-21/468

April 21, 2003

The Secretary
The Stock Exchange, Mumbai.
The Stock Exchange, Ahmedabad
The Bangalore Stock Exchange Limited, Bangalore
The Calcutta Stock Exchange Association Limited, Kolkata
Cochin Stock Exchange Limited, Cochin.
The Delhi Stock Exchange Association Limited, New Delhi
The Madras Stock Exchange Limited, Chennai
National Stock Exchange of India Limited, Mumbai &
The OTC Exchange Limited, Mumbai.

Dear Sir,

Pursuant to Clause 19 of the Listing Agreement, we hereby notify that the Meeting of the Board of Directors of this Company will be held at the Registered Office of the Company on Friday, May 2, 2003 to consider inter alia the Audited Accounts of the Company for the Financial Year ended March 31, 2003 and dividend, if any, to be recommended.

Yours faithfully,
For The Associated Cement Companies Limited

Sd/-
( P K Sinor )
Director & Company Secretary

SHR NSA BSE 2154

March 26, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on March 26, 2003, 4,350 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, and 512 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001.

Consequently, the paid up Share Capital of the Company has increased from 17,09,25,082 shares as on February 17, 2003 to 17,09,29,944 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

The following is the full text of the release dated February 14, 2003 sent to Bombay Stock Exchange :

The Associated Cement Companies Ltd. (ACC), with Bridgestone Corporation, Japan (BSJ) has a subsisting Joint Venture company under the name and style of Bridgestone ACC India Ltd. (BAIL) . BAIL has emerged as one of the leading manufacturers of radial tyres.

ACC had 3,03,52,000 equity shares of the face value of Rs. 10 each constituting 19.56% of the share capital of BAIL. ACC has decided to focus on cement and related business and exit from all business, which has no synergy with its core cement business. It had accordingly decided to divest its equity stake in BAIL and had entered into a share purchase and transfer agreement with BSJ for the same.

All the requisite approvals from FIPB and RBI have now been obtained and as envisaged and communicated vide our Press Release dated January 17, 2003, the transaction in respect of the divestment has been completed on February 14, 2003 and ACC has realised a price of Rs. 16.50 per share.

P K Sinor
Director & Company Secretary

SHR NSA BSE 1173

February 17, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on February 17, 2003, 10,700 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2000, and 850 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Scheme 2001.

Consequently, the paid up Share Capital of the Company has increased from 17,09,13,532 shares as on January 17, 2003 to 17,09,25,082 shares of Rs.10/- face value, as of date. The Company will shortly be filing applications for listing permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares

SHR NSA BSE 506

January 17, 2003.

The Stock Exchange Mumbai,
Phiroze Jeeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001.

Dear Sirs,

Re: A) Allotment of shares against exercise of Employees Stock Options.
B) Allotment of shares from shares kept in abeyance (Rights Issue 1999)

We have to inform you that at the Meeting of the Shareholders/Investors Grievance Committee of the Board held on January 17, 2003, 39,600 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Plan 2000, 4,962 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Plan 2001, and 295 shares were allotted from shares kept in abeyance at the time of Rights Issue 1999.

Consequently, the paid up Share Capital of the Company has increased from 17,08,68,675 shares as on November 28, 2002 to 17,09,13,532 shares of Rs.10/- each as of date. The Company will shortly be filing applications for listing permission in respect of these shares.

Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R. Padmanabhan)
Sr. Manager - Shares