The Board of Directors have recommended final dividend @15%, i.e. Rs. 1.5/- on the paid up share capital of the company subject to the approval of the members in Annual General Meeting on 22^nd day of September, 2009.

If the dividend on shares as recommended by the board of directors is approved by the shareholders at their annual general meeting, payment of such dividend will be made to those members whose names appear in the register of members on September 22, 2009 and in respect of the shares held in electronic form, the dividend will be payable to the beneficial owner of the shares as on the closing hours of business on September 11, 2009, as per the details furnished by the depositories for this purpose.

In view of the numerous advantages offered by the depository system, the members are requested to avail the facilities of dematerialisation of the company’s shares on either of the depositories viz., National Securities Depository Limited (NSDL) and Central depository Services (India) Limited (CDSL).