Information Given to Stock Exchanges

Intimation of Board Meeting on May 9, 2008

A meeting of Board of Directors of the Company will be held on May 9, 2008, at 5 PM at the registered office of the company to consider and discuss the following agenda:

• To consider and allot bonus shares to the existing shareholders of the Company.
• To consider and approve the percentage of stake in Space Hospitals Ltd., Chennai which caters end-to-end solutions for all healthcare segments including Telemedicine, Pharmaceutical, Running of Hospitals and Poly Clinics etc. To decide on the ratio of investment in Space Hospitals Ltd by cash consideration and shares and recommend the same for approval by the shareholders in the ensuing Annual General Meeting.
• To consider and approve the Annual Accounts (Draft) and Auditors' Report of the Company for the financial year 2007 - 08 and to consider and approve the recommendation of appointment of the statutory auditors of the Company for the financial year 2008 - 09.
• To consider and approve the Directors' Report (Draft).
• To consider issue and allotment of options/ shares to such persons upon such terms and, conditions as the Board may determine under Employees Stock Option Plan (ESOP) or Employees Stock Option Scheme (ESOS) in one or more tranches as provided in the Articles of Association of the Company.
• To consider and decide on quantum of conversion of share Warrants issued on October 3, 2007 on a preferential basis.
• To fix the date for the Tenth Annual General Meeting and approve the Draft Notice for the Tenth Annual General Meeting.