The board has recommended dividend at the rate of Rs 0.50 per share (5%) for the year 2008-09.

The board has appointed Alberto Moreno as director of the company with effect from 29 April 2009.

The board has accepted the resignation of Francisco Lopez Pena from the directorship of the company with effect from 29 April 2009.

This was decided at the board meeting held on 29 April 2009. Further the Company has informed that Mr. Francisco Lopez Pena has resigned from the Directorship of the Company with effect from April 29, 2009.