MADRAS FERTILIZERS LIMITED      
    Distribution of Shareholding
                 as on 31.12.2005
Category   No. of Shares  % of 
    held shareholding
A) Promoters Holdings    
1) Promoters    
    Indian Promoter 95851700 59.50
    Foreign Promoter 41516500 25.77
2) Persons acting in concert Nil Nil
Sub Total   137368200 85.27
B) Non-Promoters Holdings    
3) Institutional Investors    
    a) Mutual Funds and UTI 2400 0.00
    b) Banks, Financial Institutions 454698 0.28
       Insurance Companies (Central /    
       State Govt. Institutions / Non-    
       Govt. Institutions    
   c) Foreign Institutional Investors Nil Nil
Sub Total   457098 0.28
4) Others    
    a) Private Corporate Bodies 5447814 3.38
    b) Indian Public 17680812 10.97
    c) NRI/OCBs 68495 0.04
    d) Trust 4395 0.00
    e) Other than specified above 74486 0.05
       (Clearing Member)    
Sub Total   23276002 14.45
Grand Total 161101300 100.00
Paid-up Shares   161101300 100.00
1) Persons holding more than 1% of the Shares of the Company    
            Name Category Shares % of Shares
The President of India Indian Promoter 95851700 59.50
Naftiran Inter Trade Company Ltd. Foreign Promoter 41516500 25.77
(Affiliate of National Iranian Oil Co.)    
Total   137368200 85.27
2) Total Foreign Shareholding in number of shares and percentage    
           Particulars Shares % of Shares
Foreign Promoters, FII, NRI / OCB 41584995 25.81
(including ADR/GDR holding)