We would like to inform you that the Board of Directors of the Company at their meeting held on 29th September, 2009, has inter alia, approved the following:

1. Cost Audit Report 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. P. R. Dalal as Nominee Director of Export Import Bank of India in the place of Mr. Sudip Bhattacharyya.

3. Appointment of Mr. K. R. N. Moorthy as Joint Managing Director of the Company for a period of 3 years w.e.f. 29th September, 2009, subject to the approval of the shareholders through Postal Ballot.

4. Appointment of Dr. Rajaram Samant as an Additional Director and also Whole Time Director of the Company for a period of 3 years w.e.f. 29th September, 2009, subject to the approval of the shareholders through Postal Ballot.

This is for the information.