Outcome of the Board Meeting held on 23 May 2015

The Board in its meeting held on 23 May 2015, inter-alia, has considered the following:-

1. Approved Audited Financial Results and Statements for the quarter and financial year ended 31 March 2015. Copy of the Audited Financial Results for the year ended 31 March 2015 (Standalone and Consolidated) along with Statement of Assets and Liabilities is placed on the website under Financial Results.

2. Recommended a dividend of 35 paise per share (35%) on equity shares of face value of Rs 1/- each for the financial year 2014-15, subject to the declaration by the Members at the ensuing Annual General Meeting (AGM). The Dividend, if any, declared by the Members of the Company at the AGM will be paid /dispatched within 30 days of the ensuing AGM.

3. Formulated Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

4. Formulated Code of Conduct to Regulate, Monitor and Report Trading by Insiders.