1. The above results were reviewed by the Audit Committee on June 20, 2009 and approved by the Board of Directors at their meeting held on June 22, 2009.

2. The Board of Directors have recommended Dividend @ 30% (Rs 3/- per share) on the equity share of Rs 10/- each.

3. The Consolidated Financial Statements are prepared in accordance with Accounting Standard 21 Consolidated Financial Statements.

4. The company received Rs. 207.36 crore towards Issue of Shares during 2007-08 by way of public issue

Total Proceeds Received - Rs 207.36 Crore
Issue Expenses - Rs 17.24 Crore
Net Proceeds - Rs 190.12 Crore

Pending utilisation of the proceeds towards the objects of the issue, the proceeds are invested in Deposits with Banks. Until the quarter ended December 31, 2008 the company published this information including Pre-IPO placement proceeds of Rs 129.60 Crore.

5. The figures for the previous year have been regrouped / rearranged wherever necessary to conform to the current year of presentation.

B G Raghupathy
Chairman & Managing Director