Status of Investor Complaints for the quarter ended March 31, 2009

Complaints Pending at the beginning of the quarter Nil

Complaints Received during the quarter 81

Complaints disposed off during the quarter 80

Complaints unresolved at the end of the quarter 01

1. The above Audited Financial Results were reviewed by the Audit Committee and thereafter approved at the Meeting of the Board of Directors held on April 25, 2009.

2. The Board has recommended dividend @ 75 % on equity shares of Rs 2/- each of the Company.

3. The Company made an issue of Foreign Currency Convertible Bond (FCCB´s) aggregating to US $ 75 million, on October 06, 2004 and US $150 million on January 06, 2006. FCCB’s aggregating to US $ 157.10 million have been converted into equity shares upto March 31, 2009.

4. Previous periods / years figures have been regrouped / rearranged wherever necessary.

R D Shroff
Chairman and Managing Director