Information Given to Stock Exchanges

Proceedings of the Tenth Annual General Meeting held on June 11, 2008

We wish to inform you that the Tenth Annual General Meeting of the Company was held on Wednesday, June 11, 2008 at Hotel New Woodlands, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600 004 at 11.30 A.M. and discussed and approved the following by adopting resolutions by majority:

• Consideration and Adoption of the Balance Sheet as at March 31, 2008 and Profit & Loss Account for the year ended March 31, 2008 and the Auditors’ Report thereon.
• Election of Mr. A. Venkatramani as director, liable to retire by rotation.
• Election of Mr. Raghu Tandra as director, liable to retire by rotation.
• Appointment of Mr. G. Parthasarathy as Statutory Auditor, who shall hold office upto the conclusion of the Eleventh Annual General Meeting and authorise the Board of Directors to fix the remuneration payable to them.
• Appointment of Mr. R. Gopalan as director, liable to retire by rotation.
• Issue of 2,25,00,000 equity shares of face value Re. 1/- each fully paid-up at a premium of Rs. 3/- aggregating to Rs. 9,00,00,000/- on a preferential basis to the shareholders of Space Hospitals Limited, in order to invest in the stake of Space Hospitals Limited.
• Approved capitalization of a sum of Rs. 5,98,49,273/- (Rupees Five Crores Ninety Eight Lakhs Forty Nine Thousand Two Hundred and Seventy Three Only) or any other sum not exceeding Rs. 8,00,00,000/- (Rupees Eight Crores Only) as may be decided by the Board in consultation with the appropriate authorities, out of the Share Premium Account, that the said sum so capitalised be applied in paying up in full at par new equity shares of Re. 1/- each (hereinafter referred to as the 'Bonus Shares') in the share capital of the company to be allotted and distributed as fully paid-up Bonus Shares to and amongst the members who are on the Register of Members of the company as the holders of Equity Shares in the company on such date as may hereafter be determined by the Board of Directors of the Company in the proportion of one bonus share for every six equity shares held by such members respectively on that date.