Announcements

Outcome of the Board Meeting held on February 11, 2011

The Board of Directors in its meeting held on February 11, 2011 have considered and approved:

1. Un-audited financial results for the quarter/nine months ended December 31, 2010.
2. Remuneration to Sri Kishore Dutt Atluri, President of the Company at Rs 1,90,000 p.m/- upon receipt of approval of Central Government under Section 314 (IB) of the Companies Act, 1956, the same is within the overall limit of Rs 6,00,000p.m.

The Board took note that the Company has obtained In-principle Approval from BSE for Direct Listing of Company Equity Shares and is in the process of making Final Listing Application with BSE.