1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 02, 2009.

2. The Board of Directors of the Company have, at its meeting held on February 02, 2009 recommended a Final Dividend of Rs 9.00 per share for the year ended December 31, 2008 (2007: Final Dividend Rs 9.50 per share) in addition to an Interim Dividend of Rs 6.00 per share (2007: Interim Dividend Rs 4.50 per share) paid in August 2008, both aggregating to Rs 15.00 per share (2007: Rs 14.00 per share).

3. Provision for Taxes includes Current Tax, Deferred Tax & Fringe Benefit Tax.

4. Previous periodīs figures have been regrouped wherever necessary.

Naveen Kshatriya
Managing Director