We hereby submit the Board of Directors at their meeting held today (03rd May 2010), transacted inter-alia, the following businesses:

• Considered and Approved the Audited Financial Results of the company for the Quarter and year ended 31.03.2010.
• Considered and Approved the Statement of utilzation of Public Issue Funds.
• Considered and Approved the Secretarial Audit Report as at 31.03.2010.
• Ratified the acquisition of The Sparkling Minds.
• The Board of Directors recommend a final dividend of 30% i.e., Rs. 3/- per equity share of face value of Rs. 10/- each for the year ended 31.03.2010 subject to the approval of the shareholders of the company.