Outcome of extra-ordinary general meeting held on April 12, 2010

The Extra-ordinary General Meeting of shareholders of the Company held at Shri Rajasthani Jain Samaj , “Dr. C.L. Metha Hall”, New No. 131 (Old No. 66), Sir Thyagaraya Road, T. Nagar, Chennai - 600 017 at 12.15 P.M on Monday, April 12, 2010, discussed and approved the following by adopting resolution unanimously:

Considered and approved for annulment of earlier resolutions passed at the Annual General Meeting held on September 13, 2002 to increase Authorised Share Capital from Rs. 70 crores to Rs. 100 Crores and consequent amendment to the Memorandum of Association and Articles of Association of the Company.