Outcome of the Board Meeting held on August 10, 2011

The Board of Directors in its meeting held on August 10, 2011 have considered and approved the following:

  • 1. Unaudited financial results for the quarter ended June 30, 2011.
  • 2. Delisting of the Equity Shares of the Company listed at lnter Connected Stock Exchange (ISE) subject to the approval of shareholders in the Annual General Meeting of the Company.
  • 3. Notice of Annual General Meeting, to held on September 24, 2011 at the registered office at B-42, Industrial Estate, Sanathnagar, Hyderabad, of the company at 9.30 a.m.
  • 4. The Register members will be closed from September 21, 2011 to September 24, 2011 (both the days inclusive) for the purpose of dividend.
  • 5. Reappointment of Cmde. Sarvotham Rao, as Director liable to retire by rotation.

The Board has further resolved to avail the general exemption granted under section 221(8) of the Companies Act, 1956 there by approving the exclusion of Individual Audited financial accounts of its Subsidiaries as on March 31, 2011 from the Annual Report of the Company.