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Notice of the Board Meeting

The shareholders have approved the Special Resolution for Buy-back of Company’s Shares with an overwhelming majority.

Declaration of the results of Postal Ballot

Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (passing of the resolution by postal ballot) Rules, 2001 approval of the Members of the Company was sought by means of Postal ballot vide Notice dated 11th June, 2010, for the Special Resolution under Section 77Aof the Companies Act, 1956 with respect to the Buy-back of equity shares of the Company.

Based on the Scrutinizer’s Report dated 26th July, 2010 the Chairman has declared the Results of Postal Ballot as under:

ParticularsNumber
Number of valid Postal Ballot Forms received14,203
Votes in favor of the Resolution1,31,68,72,659
Votes against the Resolution1,06,09,222

Accordingly, the Chairman has declared Special Resolution as set out in the Notice dated 11th June, 2010 to be passed by shareholders with overwhelming majority.

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