Information Given to Stock Exchanges

Intimation of Board Meeting on April 03, 2008

A meeting of Board of Directors of the Company will be held on April 03, 2008, at 5 p.m. at the registered office of the company to discuss the following subjects:

In continuation of corporate goals and objectives set towards reaching 100 Million USD revenue, the Company has identified a Australian based Company Ansa Global based out at 9, Loftus Street, Leedeville, WA, Perth, Australia, engaged in security products and solutions for the public and private sectors. Ansa Global was found in 1985 and has grown to become one of the leaders in the Australian Security Industry. The talks are in advanced stage to set up a Joint Venture Company in India to offer these solutions jointly in India.

The Company is slated to achieve a turnover of Rs. 50 Crores in security products/ solutions by 2008-09 out of the total market size of Rs. 1850 crores. The proposed joint venture with Ansa Global who are into security products would contribute to achievement of corporate goals in a faster pace.

This Joint Venture would result in setting up a Central Control Centre which would monitor and support the surveillance and security breaches at the customer locations. The products proposed to be offered through the Joint Venture is as follows:

• Metro Projects at Chennai, Delhi, Hyderabad etc.
• Large Townships
• Large Hospitals and Hotels
• Large Retail Chains

A feasibility report on the proposed Joint Venture will be submitted by the Management to the Board in the said Board Meeting scheduled on April 03, 2008.

The Corporate Governance Report for the quarter ending March 31, 2008 will also be placed before the Board in its scheduled meeting on April 03, 2008 for consideration and approval.