The Company has informed the Stock Exchanges as under:

"In compliance with clause 30(a) and other applicable provisions of the Listing Agreement entered into with Stock Exchanges, this is to inform that the Board of Directors of the Company have w.e.f. January 23, 2012, appointed Mr. V. Srinivasa Rangan as an Additional Director on the Board of the Company.

Mr. V. Srinivasa Rangan, holds a Bachelor's degree in Commerce and is an associate member of the Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India. Mr. Rangan is an Executive Director of Housing Development Finance Corporation Limited (HDFC) besides being on the Board of other companies."

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