Intimation of Board Meeting on August 18, 2008 – To allot Bonus Shares

A Meeting of the Board of Directors of the Company will be held on August 18, 2008 at 11 A. M. at the Registered Office of the Company to consider and discuss the following agenda:

1. To make allotment of Bonus shares to the shareholders entitled for the same

Upon approval by the shareholders in their Tenth Annual General Meeting held on June 11, 2008, for capitalization of profits/ reserves for issue of bonus shares of the company in the ratio of 1:6, i.e one fully paid-up equity share of Re. 1 each for every 6 existing fully paid-up shares held by the shareholders of the company as on record date to be fixed for this purpose, the Company had obtained in-principle approval from both BSE and MSE for issue of bonus shares.

Further, the Board met on July 28, 2008 and fixed the record date as August 14, 2008 for issue of Bonus shares.

The Board shall meet on August 18, 2008 to discuss and allot Bonus shares of the company in the ratio of 1:6 to the shareholders of the company, whose names appears on the Register of Members of the company as on August 14, 2008.