Quarter 2

Board Meeting

This is to inform that a Meeting of Board of Directors of the Company will be held on Friday, the 5th August 2011 at 11.00 A M at the Registered Office of the Company to transact the following items.

1) To consider and take on record the Unaudited Quarterly Standalone Financial Results of the Company for the period ended 30th June 2011.

2) To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 30th June 2011.

28/09/2011

The shareholders of the Company at the 25th Annual General Meeting held today approved the following resolutions.

1) Adoption of Annual Accounts for the year ended 31st March 2011.

2) Declaration of dividend @ 8% p.a. on the Paid up Non Convertible Cumulative Redeemable Preference Share Capital of the Company for the year ended 31st March 2011.

3) Declaration of dividend @ 9% p.a. on the Paid up Non Convertible Cumulative Redeemable Preference Share Capital of the Company for the year ended 31st March 2011.

4) Declaration of dividend @ 9.25% p.a. on the Paid up Non Convertible Cumulative Redeemable Preference Share Capital of the Company for the year ended 31st March 2011.

5) Declaration of dividend @ Rs.3.60 per Equity Share of face value Rs.2/- each.

6) Appointment Mr. P. Venkateswaran as Director retiring by rotation.

7) Appointment of Mr. C P Gopalkrishnan as Director retiring by rotation.

8) Re-appointment of M/s Ford, Rhodes, Parks & Co., Chartered Accountants as Statutory Auditors and fixation of their remuneration.

9) Re-appointment of Mr P Venkateswaran as Deputy Managing Director and revision in terms of remuneration.

10) Re-appointment of Mr C P Gopalkrishnan as Deputy Managing Director and revision in terms of remuneration.

11) Approval for raising long term resources through issue of FCCBs/ ADRs/GDRs etc., upto an amount not exceeding US$400 Million or its equivalent currencies.

12) Approval for raising long term resources for issue of Equity Shares / fully convertible Debentures / partly convertible debentures / non convertible debentures / any other securities (other than warrants) which are convertible or exchangeable with equity shares to Qualified Institutional Buyers for an amount not exceeding INR 2500 crores inclusive of premium as may be finalized by the Board or any Committee thereof under the Qualified Institutional Placement.