This is with reference to the above mentioned subject; we would like to inform you that the Board of Directors of the Company at its meeting held on 30th June, 2009, has inter alia approved the following:

1. Audited Financial Results of the Company for the financial year 2008-2009 i.e. for the 6 months     period from 1st October, 2008 to 31st March, 2009.

2. Appointment of Mr. Ashok Shinkar as an Additional Director and also Whole Time Director of the     Company w.e.f. 30th June, 2009, subject to the approval of the shareholders in the forthcoming     Annual General Meeting.