The board has approved the listing application for 151830188 equity shares of Re 1 each to be filed with the stock exchanges for the listing of equity shares allotted under the rights issue.

The board has approved the application for master creation with NSDL / CDSL of 151830188 equity shares allotted under rights issue.

The board has approved the basis of allotment of rights issue as approved by the stock exchange.

This was approved at the board meeting held on 22 February 2008.