Notice ( January 16, 2008 )

Ref: Compliance with the provision of Clause 30 of the Listing Agreement

At the meeting of the Board of Directors of the Company held on 15th January, 2008, the following decisions were taken:

1. Approved the resignation of Mr.Mark J. Deadwyler as the Director of the Company w.e.f. December 20, 2007.
2. Approved the resignation of Mr.Chandran Bhaskar as the Company Secretary and Compliance Officer of the Company w.e.f. January 15, 2008.
3. Appointment of Mr. Girish Tekchandani as the Company Secretary and Compliance Officer of the Company w.e.f. January 15, 2008.

Accordingly, Mr. Girish Tekchandani will now be responsible for monitoring the share transfer process; liaise with the authorities like SEBI, Stock Exchanges, Registrar of Companies etc.; implementation of various clauses, rules, regulations and other directive of such authorities; investor services and complaints of related matters.