We hereby submit that, the Board of Directors have approved the following businesses today (10th October, 2012) through circulation.

• To issue 50,00,000 Equity Warrants/Shares/Convertible Securities to Promoters/Public/ Others on preferential allotment basis.
• Considered and took on record the Resignation of Mrs.G.Gita from the Directorship as well as Managing Director due to her ill health and approved the appointment of Mr.S.Giridharan as Managing Director in addition to his Chairmanship.
• To convene the Extraordinary General meeting on Monday, 5th day of November 2012,in order to obtain shareholders approval for the above mentioned business and other businesses also.