CORPORATE ANNOUNCEMENTS DATED 08-07-2011

The Company has informed the Exchange that the Annual General Meeting of members of the Company will be held on August 11, 2011. Further the Register of Members and Transfer Book of the Company will remain close from August 06, 2011 to August 11, 2011 (both days inclusive) for the purpose of payment of dividend.

The Company has informed the Exchange that the Board of Directors of the Company at its meeting held on July 08, 2011 inter-alia has approved the following:
(1) The Board has decided subject to the approval of the Shareholders, to issue further capital upto USD 100 Million (United States Dollars Fifty Million only) or its Indian Rupee equivalent through Right Issue /Warrants/QIP/FCCB/ GDR/Preferential Allotment and formed Committee for the same.
(2) The Board has also decided to purchase land/building for factory