(I)(a)  Statement showing Shareholding Pattern
	Name of the Company :  POLAR INDUSTRIES LIMITED
	Scrip Code :  BSE - 504288 / NSE - POLARIND				Quarter ended :	March 31, 2007
	Cate-	Category of	Number of	Total	Number of	Total shareholding as a percentage of  total number of shares
	gory	shareholder	shareholders	number	shares held in
	code			of	de materialized
				shares	form	As a	As a
						percentage	percentage
						of (A + B)	of (A + B + C)
						(note 1)
	(A)	Shareholding of Promoter
		and Promoter Group (note 2)
	(1)	Indian
	(a)	Individuals/HUF        **	5	3583130	812977	26.28	26.28
	(b)	Central Govt./State Govt.		0	0	0	0.00
	(c)	Bodies Corporate	5	1735340	1202842	12.73	12.73
	(d)	Financial Institutions/Banks		0	0	0	0.00
	(e)	Any Other (Specify)		0	0	0	0.00
		Sub-Total (A)(1)	10	5318470	2015819	39.01	39.01
	(2)	Foreign
	(a)	Individuals (Non Resident		0	0	0	0
		Individuals/Foreign Individuals)
	(b)	Bodies Corporate		0	0	0	0
	(c)	Institutions		0	0	0	0
	(d)	Any Other (Specify)		0	0	0	0
		Sub-Total (A)(2)		0	0	0	0
		Total Shareholding of Promoter
		Promoter Group
		(A)= (A)(1)+(A)(2)	10	5318470	2015819	39.01	39.01
	(B)	Public Shareholding (note 3)
	(1)	Institutions
	(a)	Mutual Funds/UTI		0	0	0	0
	(b)	Financial Institutions/Banks	7	2998822	2998522	21.99	21.99
	(c)	Central Govt./State Govt.		0	0	0	0
	(d)	Venture Capital Funds		0	0	0	0
	(e)	Insurance Companies	5	525050	525000	3.85	3.85
	(f)	Foreign Institutional Investors	1	1199200	1199200	8.80	8.80
	(g)	Foreign Venture Capital Investors		0	0	0	0
	(h)	Any Other (Specify)		0	0	0	0
		Sub-Total (B)(1)	13	4723072	4722722	34.64	34.64
	(2)	Non-institutions
	(a)	Bodies Corporate	230	895453	872061	6.57	6.57
	(b)	Individuals-
		i.Individual shareholders holding	8631	1721513	1497246	12.63	12.63
		nominal share capital upto Rs. 1 lacs
		ii. Individual shareholders	21	963615	939665	7.07	7.07
		holding nominal share capital in excess of Rs. 1 lacs
	(c)	Any Other (NRI)	20	12790	12621	0.09	0.09
		Sub-Total (B)(2)	8902	3593371	3321593	26.35	26.35
		Total Public Shareholding
		(B) = (B)(1)+(B)(2)	8915	8316443	8044315	60.99	60.99
		TOTAL (A) + (B)	8925	13634913	10060134	100.00	100.00
	(C)	Shares held by Custodians and against
		which Depository receipts have been issued		0	0	0.00	0.00
		GRAND TOTAL
		(A)+(B)+(C)	8925	13634913	10060134	100.00	100.00
	Note:	1 for determining public shareholding for the purpose of Clause 40A.
		2 for definitions of "Promoter" and "Promoter Group", refer to Clause 40A.
		3 for definitions of "Public Shareholding", refer to Clause 40A.
		** includes 25,04,500 shares pending for listing.
	(I)(b)  Statement showing Shareholding of persons belonging to the category
		"Promoter and Promoter Group"
	Sr.	Name of the shareholder	Number of	Shares as a percentage of total number of
	No.		shares	shares {i.e., Grand Total (A)+(B)+(C)
				indicated in Statement at para (I)(a) above}
	1.	Anil Agarwal *	2839928	20.83
	2.	Sunil Agarwal **	667512	4.90
	3.	Savitri Devi Agarwal	795	0.01
	4.	Shailja Agarwal	34428	0.25
	5.	Vinita Agarwal ***	40467	0.30
	6.	Hi-gain Consultancy Services (P) Ltd.	78950	0.58
	7.	Concrete Consultancy & Services (P) Ltd.	510398	3.74
	8.	Sheffield Appliances Ltd.	551491	4.04
	9.	Arunima Investment (P) Ltd.	350706	2.57
	10.	Polar Overseas Ltd.	243795	1.79
		TOTAL	5318470	39.01
	*	Includes 18,54,500 shares pending for listing
	**	includes 6,10,000 shares pending for listing
	***	includes 40,000 shares pending for listing
	(I)(c)  Statement showing Shareholding of persons belonging to the category
		"Public" and holding more than 1% of the total number of shares
	Sr.	Name of the shareholder	Number of	Shares as a percentage of total number of
	No.		shares	shares {i.e., Grand Total (A)+(B)+(C)
				indicated in