1. Consequent to the public announcement of Buy Back of equity shares made by the Company on December 08, 2008, the Company has bought back and extinguished 26,589 equity shares as at the Balance Sheet date. As a result, an amount of Rs 2.66 lakhs being the face value of 26,589 equity shares has been appropriated from Profit and Loss account and transferred to Capital Redemption Reserve. Premium of Rs 812.05 lakhs paid on the same is adjusted to General Reserve.

2. The Board of Directors at the meeting held on March 04, 2009, recommended a dividend of Rs 25/- per equity share for the year (previous year Rs 25/- per equity share), subject to approval of shareholders.

3. In view of Parent Company decision to sell its Car Multimedia Aftermarket Business (Blaupunkt) to M/s. Aurelius AG worldwide, the Company proposes to sell its Blaupunkt business to the Indian entity of M/s. Aurelius AG on a going concern basis at a consideration to be determined in due course. This has no significant impact on the financial results and carrying value of assets and liabilities as at the balance sheet date.

4. Previous year´s/period´s figures have been regrouped/recast wherever necessary, to conform to current year/period classification.

V K Viswanathan
Managing Director