MONSANTO INDIA LIMITED

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

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2006 (Rupees in Lacs )

SR. NO. PARTICULARS NINE MONTHS  ENDED ON 31.12.2005 (UNAUDITED)   QUARTER ENDED ON 31.03.2006 (UNAUDITED) QUARTER ENDED ON 31.03.2005 (UNAUDITED) YEAR ENDED 31.3.2006 (AUDITED) YEAR ENDED 31.3.2005 (AUDITED) 1 Sales (Net of Excise Duty and returns) 30896 2264 2024 33160 37758 2 Other Income 1099 361 393 1460 1247        TOTAL INCOME 31995 2625 2417 34620 39005 3 Total Expenditure:             a.  (Increase)/Decrease in stock in trade 3330 (4065) (4260) (735) 742   b.  Consumption of Materials   9165 4244 4446 13409 14513   c.  Staff Cost 1635 609 443 2244 1815   d.  Other Expenditure:                  -  Purchase of Finished Goods 2680 480 435 3160 4378        -  Others 6269 1893 1709 8162 7806         TOTAL EXPENDITURE 23079 3161 2773 26240 29254 4 Interest 18 4 4 22 22 5 Depreciation 582 200 196 782 794 6 Profit Before Tax  (1+2-3-4-5) 8316 (740) (556) 7576 8935 7 Provision for Taxation:                   -  Current Tax 751 (346) (283) 405 1252         -  Deferred Tax (29) (10) 26 (39) 5        -  Fringe Benefit Tax 69 46 0 115 0      -  Excess provision in respect of       earlier years 0 (182) 0 (182) 0 8 Net Profit After Tax (6-7) 7525 (248) (299) 7277 7678 9 Paid-up Equity Share Capital (face value of Rs.10/- per share) 863 863 863 863 863 10 Free Reserves (excluding  revaluation reserves) - - - 31839 37357 11 Basic Earning per share (EPS) – Rs. 87.20 (2.87) (3.46) 84.32 88.97 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. 10/- per share for the year ended 31.3.2006. The Company has one segment of activity namely "Agriculture Inputs". Information on Investor complaints/correspondance for the quarter (Nos.) : Opening Balance - 0, New 81, Disposals - 81 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 meetings held on 25th May, 2006.

Mumbai: 25th May, 2006 For MONSANTO INDIA LIMITED FELIPE OSORIO MANAGING DIRECTOR