Information Given to Stock Exchanges

Intimation of Board Meeting on June 30, 2008 – To allot equity shares on a preferential basis

A Meeting of the Board of Directors of the Company will be held on June 30, 2008 at 11.00 A. M at the Registered Office of the Company to consider and discuss the following agenda:

To allot equity shares on a preferential basis to the shareholders of Space Hospitals Limited to invest in the stake of the company which is engaged in healthcare technologies, including telemedicine

Upon approval by shareholders in their Tenth Annual General Meeting held on June 11, 2008, to issue equity shares on a preferential basis, upto 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/- for the proposed acquisition of stake in Space Hospitals Limited, the Company had applied to BSE and had received the in-principle approval for such preferential allotment on June 24, 2008.

The Board shall meet on June 30, 2008 to discuss and allot equity shares on a preferential basis to the shareholders of Space Hospitals Ltd. upto 2,25,00,000 equity shares of face value Re. 1/- each fully paid-up at a premium of Rs. 3/- per shaRe.