Particulars

Clause of Listing agreement

Compliance Status Yes/No

Remarks

I. Board of Directors

49 I

(A) Composition of Board

49 (IA)

Yes

(B) Non-executive  Directors’  compensation  & disclosures

49 (IB)

Yes

(C) Other provisions as to Board and Committees

49 (IC)

Yes

(D) Code of Conduct

49 (ID)

Yes

Compliance affirmed for the year 2006-07 and declaration by CEO duly incorporated in the Annual Report for the year 2006-2007.

Affirmation of compliance for the year 2007-08 shall be obtained by 30thApril, 2007.  Declaration by CEO will also be incorporated in the Annual Report for the year 2007-08.

II. Audit Committee

49 (II)

(A) Qualified & Independent Audit Committee

49 (IIA)

Yes

(B) Meeting of Audit Committee

49 (IIB)

Yes

(C) Powers of Audit Committee

49 (IIC)

Yes

(D) Role of Audit Committee

49 II(D)

Yes

(E) Review of Information by Audit Committee

49 (IIE)

Yes

III. Subsidiary Companies

49 (III)

Yes

IV. Disclosures

49 (IV)

Yes

(A) Basis of related party transactions

49 (IV A)

Yes

(B) Disclosure of Accounting Treatment

49 (IV B)

NA

Shall be duly disclosed, in the event the treatment is different from Accounting Standards.

(C) Board Disclosures

49 (IV C)

Yes

(D) Proceeds from public issues, rights issues, preferential issues etc.

49 (IV D)

NA

No money has been raised through public issue etc., during the quarter.

(E) Remuneration of Directors

49 (IV E)

Yes

Disclosed in the Annual Report for the year   2006-07.

Shall be disclosed in the Annual Report for the year 2007-08.

(F) Management

49 (IV F)

Yes

Formed part of the Annual Report for the year 2006-07.

Shall form part of the Annual Report for the year 2007-08.

(G) Shareholders

49 (IV G)

Yes

Formed part of the Annual Report for the year   2006-07.

Shall form part of the Annual Report for the year 2007-08.

V. CEO/CFO Certification

49 (V)

Yes

Complied in respect of Financial Year 2006-07. Also forms part of the Annual Report for the year   2006-07.

Shall be complied for the Financial Year 2007-08. 

CEO/CFO Certification, in terms of amended Clause 41, also obtained in respect of financial results for the quarter ended 31^st December, 2007.

VI. Report on Corporate

Governance

49 (VI)

Yes

Formed part of the Annual Report for the year 2006-07.

Shall form part of the Annual Report for the year 2007-08.

VII. Compliance

49 (VII)

Yes

Sub-clause (1) – Formed part of the Annual Report for the year 2006-07.

Shall form part of the Annual Report for the year 2007-08.

Sub-clause (2) – Non-mandatory disclosure made in the Annual Report for the year 2006-07.

Disclosure shall be made in the Annual Report for the year 2007-08.