Stock-split of Ordinary (Equity) share

The Board of Directors of the Company at its Meeting held on 30th April, 2010 has, subject to requisite approvals being obtained by the Company, approved the sub-division (stock-split) of each of the Ordinary (Equity) share of the face value of Rs. 10 each in the Equity Share Capital of the Company fully paid-up into 10 Ordinary (Equity) Shares of the face value of Re. 1 each fully paid-up and consequential amendments to the Capital Clauses in the Memorandum and Articles of Association of the Company. The Company proposes to seek consent of the Shareholders for the aforesaid by a Postal Ballot in accordance with Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001.