Information Given to Stock Exchanges

Allotment of equity shares on a preferential basis to the shareholders of Space Hospitals Ltd., Chennai, a company engaged in healthcare technologies – Outcome of Board Meeting on June 30, 2008

We wish to inform you that the meeting of the Board of Directors of the Company was held on June 30, 2008 at 11.00 A. M. at the Registered Office of the Company and decided the following:

The Board was aware that subsequent to the approval by the Board in its meeting held on May 9, 2008 and by the shareholders of the Company in its Tenth Annual General Meeting held on June 11, 2008, for 100% investment in Space Hospitals Ltd., Chennai, a company engaged in healthcare technologies, including telemedicine, the company had applied to Bombay Stock Exchange Ltd. (BSE) and Madras Stock Exchange Ltd. (MSE) for in-principle approval for issue of equity shares on preferential basis to the shareholders of Space Hospitals Ltd..

The Board was informed that, upon application, Bombay Stock Exchange Ltd. (BSE) and Madras Stock Exchange Ltd. (MSE) had accorded its in-principle approval for allotment of equity shares on a preferential basis to the shareholders of Space Hospitals Ltd., Chennai, vide their letters dated June 24, 2008 and June 27, 2008 respectively. Accordingly, the Board allotted 2,25,00,000 equity shares of face value Re. 1/- each fully paid-up at a premium of Rs. 3/- per share to the following shareholders of Space Hospitals Limited on a preferential basis

Sl. No. Name of the Allottees No. of Equity Shares 1 MRs. Usha Venkatramani 34,07,143 2 MRs. Uma Ravichanderan 32,143 3 MRs. B. Geetha 16,071 4 MRs. M. S. Bhuvaneswari 16,071 5 Mr. Krishna Kumar 32143 6 MRs. Uma Karthikeyan 1,12,500 7 Mind Kriya Soft Tech Private Limited 1,88,83,929   Total 2,25,00,000

Further, the Board authorised Ms. V. Vasumathy, Company Secretary of the Company to do all such acts and deeds on behalf of the Company to give effect to the above allotment of equity shares.