Information Given to Stock Exchanges

Outcome of Board Meeting on February 15, 2008

A meeting of the Board of Directors of the Company was held on February 15, 2008, considered and discussed in details the agenda of the meeting. The Board felt that since some more vital details are required to take decisions on the issues listed for the meeting it decided to defer its decisions by a week. The Board decided to meet again on February 22, 2008 for further discussions.