This is to inform you that the Members at the 17th Annual General Meeting of the Company held on 25th September 2010, have unanimously approved the following resolutions:

1. Adoption of Annual Accounts for the financial year ended 31st March 2010.

2. Declaration of dividend of Rs. 1.00 per share (10%) for the financial year 2009-10 on the Equity Shares of the Company. The dividend so declared will be paid on or after 25th September 2010.

3. Re-appointment of Sri L Venkateswara Rao and Sri C V Kamalaker as Directors of the Company.

4. Appointment of M/s N G Rao & Associates as Statutory Auditors of the Company.