Information Given to Stock Exchanges

Intimation of board meeting on December 5, 2006

A meeting of the Board of Directors of the Company will be held on 5th December 2006 at 11.30 A.M. at the Registered Office of the Company has discussed and decided the proposal of

• Issuing GDR/ ADR/ FCCB and other instruments and
• Through Rights issue/ Public issue/ Preferential Issue to raise funds to accelerate the synergies of existing business as well as new area of Business (including acquiring companies or business with good potential)

The Board has finalized the Notice for convening of Extra Ordinary General Meeting, and the EGM will be convened on 5th January 2007 at 1:15 p.m.