Sub: Amendments to the Listing Agreement

Securities and Exchange Board of India vide its circular no.SEBI/CFD/DIL/LA/4/2007/27/12 dated December 27, 2007 has informed the stock exchanges that in order to bring more transparency in the governance of a listed company with regard to utilisation of issue proceeds and to enhance availability of and accessibility to the continuing disclosures by listed companies, it has been decided to amend Equity Listing Agreement. A copy of the abovementioned circular is enclosed herewith as Annexure A which is self explanatory.

Accordingly, two new clauses viz. Clause 43A and Clause 52 have been inserted in Equity Listing Agreement and two existing clauses viz. Clause 49 and Clause 51 of Equity Listing Agreement have been suitably amended.

You are requested to take note of the above and comply accordingly.

Yours faithfully