1. The Board of Directors has recommended a dividend @ Re 0.45 per Share amounting to Rs 226.81 Millions on Equity Shares of Re 1/- each as Dividend for the year.

2. The manufacturing operations at the company´s manufacturing facility at Kalamassery taken on lease from PTL Enterprises Ltd, which was under lockout w.e.f. December 06, 2008 has since been lifted from March 06, 2009.

3. During the year, the Board of Directors at its meeting held on March 19, 2009 has approved a proposal to buy back equity shares of the company from open market through stock exchange route up to an amount not exceeding Rs 1,220 Million at a maximum buy back price of Rs 25 per share.

4. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on April 29, 2009.

5. Previous periods´ figures have been regrouped / rearranged wherever considered necessary.

Onkar S Kanwar
Chairman & Managing Director