QUARTERLY COMPLIANCE REPORT ON CORPORATE GOVERNANCE

The Company has complied and is in compliance with the Clause 49 on Corporate Governance. The Corporate Governance Report of the Company for Quarter ended 31.03.2011 is as under:

NAME OF THE COMPANY : BHANDARI HOSIERY EXPORTS LIMITED       SCRIP CODE: 512608

QUARTER ENDING             : 31.03.2011                         

PARTICULARS	CLAUSE OF LISTING AGREEMENT	COMPLIANCE STATUS	REMARKS
1. BOARD OF   DIRECTORS	49 I	YES
A. COMPOSITION OF BOARD	49 I A	YES
B. NON EXECUTIVE DIRECTORS COMPENSATION AND DISCLOSURES	49 IB	YES
C. INDEPENDENT DIRECTORS	49IC	YES
D. BOARD PROCEDURES	49 ID	YES
E. CODE OF CONDUCT	49 IE	YES
F TERM OF OFFICE OF NON EXECUTIVE DIRECTORS	49 IF	YES
II. AUDIT COMMITTEE	49 II	YES
A. QUALIFIED AND INDEPENDENT AUDIT COMMITTEE	49 II A	YES
B. MEETING OF THE AUDIT COMMITTEE	49 II B	YES
C. POWERS OF THE AUDIT COMMITTEE	49 II C	YES
D. ROLE OF THE AUDIT COMMITTEE	49 II D	YES
E. REVIEW OF INFORMATION BY AUDIT COMMITTEE	49II E	YES
III. AUDIT REPORTS AND AUDIT QUALIFICATIONS	49 III	YES
IV. WHISTLE BLOWER POLICY	49 IV	YES
V. SUBSIDIARY COMPANIES	49V	YES
VI. DISCLOSURE OF CONTINGENT LIABILITIES	49 VI	YES
VII. DISCLOSURES	49 VII	YES
A. BASIS OF RELATED PARTY TRANSACTIOSN	49 VII A	YES
B. BOARD DISCLOSURES	49 VII B	YES
C. PROCEEDS FROM INITIAL PUBLIC OFFERINGS	49 VII C	N.A.
D. REMUNERATION OF DIRECTORS	49 VII D	YES
E. MANAGEMENT	49 VII E	YES
F. SHAREHOLDERS	49 VII F	YES
VIII. CEO/CFO CERTIFICATION	49 VIII	COMPLIED
IX REPORT ON CORPORATE GOVERNANCE	49 IX	COMPLIED
X. COMPLIANCE	49 X	YES

FOR BHANDARI HOSIERY EXPORTS LIMITED

Sd/-

(GURINDER SINGH)

COMPANY SECRETARY