MONSANTO INDIA LIMITED

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

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2006 (Rupees in Lacs)

SR. NO.   PARTICULARS QUARTER ENDED ON 30.9.2006 (UNAUDITED)   QUARTER ENDED ON 30.9.2005 (UNAUDITED)   HALF YEAR ENDED ON 30.9.2006 (UNAUDITED)   HALF YEAR ENDED ON 30.9.2005 (UNAUDITED)   YEAR ENDED 31.3.2006 (AUDITED) 1 Sales (Net of Excise Duty) 6650 7172 22025 21462 33084 2 Other Income 368 403 784 768 1460        TOTAL INCOME 7018 7575 22809 22230 34544 3 Total Expenditure:             a.  (Increase)/Decrease in stock in      trade 1495 2228 867 2391 (735)   b.  Consumption of Materials   1861 1016 8075 5703 13333   c.  Purchase of Finished Goods 59 (93) 629 2470 3160   d.  Staff Cost 615 499 1210 985 2244   e.  Other Expenditure 2064 1599 5422 4311 8162         TOTAL EXPENDITURE 6094 5249 16203 15860 26164 4 Interest 7 6 14 12 22 5 Depreciation 196 191 395 388 782 6 Profit before tax (1+2-3-4-5) 721 2129 6197 5970 7576 7 Provision for Taxation:                   -  Current Tax 180 15 440 500 400         -  Deferred Tax Charge/(Credit) (68) (12) (95) (15) (39)         -  Fringe Benefit Tax 28 24 54 48 115         -  Wealth Tax - - 2 - 5   Excess provision of earlier years - - - - (182) 8 Net Profit after tax (6-7) 581 2102 5796 5437 7277 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 11 Basic Earning per share (EPS) – Rs. 6.73 24.36 67.16 63.00 84.32 12 Aggregate of Non Promoters       Shareholding: -          Number of Shares -          Percentage of Shareholdings     2404152 27.85     2404152 27.85     2404152 27.85     2404152 27.85     2404152 27.85   Notes:   1. The Company’s performance is affected having regard to the mix of products sold in respective quarters. 2. The Company has one primary business segment namely “Agriculture Inputs”. 3. Information on investor complaints for the quarter (Nos.) Opening Balance – 0, New – 8, Disposals – 8 and Closing Balance – 0. 4. The financial results for the quarter ended 30th September, 2006 have been reviewed by the Audit Committee and by the Board of Directors at their meeting held on 26th October, 2006 and the Statutory Auditors have carried out a limited review of the financial results. 5. Previous period’s/Year’s figures have been re-grouped wherever necessary to correspond with the current period’s/year’s figures. 6. In terms of the resolution passed by the shareholders of the Company through Postal Ballot on 6th October, 2006, the Company has sold its herbicide business under the trade mark “Leader Business (Sulfosulfuron 75% WG)” on 9 th October, 2006 at a consideration of Rs.3013.65 Lacs and the effect of this transaction will be reflected in the financial results of the next quarter. 7. The Directors have declared an interim dividend of Rs.10/- per share at their meeting held on 26th October, 2006 . The ‘Record Date’ for the payment of this interim dividend will be 21st November, 2006 .                                                                For MONSANTO INDIA LIMITED                                                                                         R. C. KHANNA Mumbai: 26th October,  2006                                                  DIRECTOR