MONSANTO INDIA LIMITED

Regd.Office: Ahura Centre, 5th Floor, 96, Mahakali Caves Road, Andheri (East), Mumbai - 400 093.

AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2005

SR. NO. PARTICULARS NINE MONTHS ENDED ON 31.12.2004 (UNAUDITED) QUARTER ENDED ON 31.03.2005 (UNAUDITED) QUARTER ENDED ON 31.03.2004 (UNAUDITED) YEAR ENDED 31.3.2005 (AUDITED) YEAR ENDED 31.3.2004 (AUDITED) 1 Sales (Net of Excise Duty) 35734 2119 2163 37853 33330 2 Other Income 854 393 241 1247 994   TOTAL INCOME 36588 2512 2404 39100 34324 3 Total Expenditure:             a. (Increase)/Decrease in stock in trade 5001 (4165) (5363) 836 (950)   b. Consumption of Materials 10067 4446 3698 14513 13627   c. Staff Cost 1372 443 397 1815 1636   d. Other Expenditure:             - Purchase of Finished Goods 3943 435 2232 4378 3874   - Others 6097 1709 1697 7806 6941   TOTAL EXPENDITURE 26480 2868 2661 29348 25128 4 Interest 18 4 10 22 20 5 Depreciation 598 196 193 794 843 6 Profit Before Tax (1+2-3-4-5) 9492 (557) (460) 8935 8333 7 Provision for Taxation:             - Current Tax 1535 (283) (103) 1252 1472   - Deferred Tax (21) 26 (40) 5 (69) 8 Net Profit After Tax (6-7) 7978 (300) (317) 7678 6930 9 Paid-up Equity Share Capital (face value of Rs.10/- per share) 863 863 863 863 863 10 Free Reserves (excluding revaluation reserves) - - - 37357 31934 11 Basic Earning per share (EPS) – Rs. 92.45 (3.50) (3.67) 88.95 80.30 12 Aggregate of Non Promoters Shareholding:           - Number of Shares 2404152 2404152 2404152 2404152 2404152 -        Percentage of Shareholdings 27.85 27.85 27.85 27.85 27.85

Notes :

The Company's performance is affected having regard to the mix of products sold in respective quarters. The Directors have recommended the final dividend of Rs.13/- per share for the year ended 31.3.2005. The Company has one segment of activity namely "Agriculture Inputs". Information on Investor complaints/correspondance for the quarter (Nos.) : Opening Balance - 0, New 26 Disposals - 26 and Closing Balance - 0. Previous period's/ year's figures have been re-grouped wherever necessary to correspond with the current period's/year's figures. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 27th May, 2005.

Mumbai: 27th May, 2005 For MONSANTO INDIA LIMITED FELIPE OSORIO MANAGING DIRECTOR