1. The above audited Stand-alone Financial Results have been approved by the Audit Committee and Board of Directors at their meeting held on March 10, 2009.

2. Pursuant to the Board of Directors approval for Buy Back of Equity Shares under section 77A of the Companies Act, 1956, the Company has bought back 1,200,000 Equity Shares of Rs.10 each through open market transactions for an aggregate amount of Rs. 1788 lakhs.

3. The Board of Directors at their meeting held on March 10, 2009, have recommended Dividend of Rs. 3.70 per Equity Share (i.e.37% on a face value of Rs. 10 /- per Equity Share fully paid up) for the Year ended on December 31, 2008.

4. During the financial year ended December 31, 2008, 460 investor complaints were received and resolved. There were no complaints pending, both at the beginning and at the end of the financial year which had to be resolved.

5. The segment results are included and presented on consolidated basis in compliance with Accounting Standard -
17 “Segment Reporting”.

6. The figures of the previous period have been regrouped and reclassified, wherever considered necessary. The Figures for the current year are not comparable to the previous period, due to change in the Financial Year.

N Jagan Mohan Reddy
Managing Director