SUB: POSTAL BALLOT NOTICE

The Board of Directors of the Company in its meeting held on 14th May, 2011 approved a notice for passing following resolutions through postal ballot and to send notices to the shareholders of the Company, which inter-alia includes.

Special Resolution u/s 372A of the Companies Act, 1956 for making loans, investments, or giving guarantee or providing any securities beyond the prescribed ceiling of 60% of the aggregate of the paid-up capital and free reserves or 100% percent of its free reserves, whichever is more.