(vi) Mechanism for evaluating non-executive Board members :
 
Non-Executive Directors were being always evaluated by their own Peer in the Board meetings during the year 2007-08, although there was no formal Peer Group review by the entire Board except the Directors concerned.

(vii) Whistle Blower Policy :
 
The Company does not have any Whistle Blower Policy as of now but no personnel is being denied any access to the Audit Committee.
 

			B. K. Birla		Chairman
Kolkata 3rd May, 2008		S. K. Parik Director & Secretary	K. G. Maheshwari B. P. Bajoria P. K. Choksey G. B. Pande Amitabha Ghosh P. K. Mallik Manjushree Khaitan		Directors

                                                                                        DECLARATION
 
All the Board members and the Senior Management personnel have affirmed their compliance of the 'Code of Conduct for Members of the Board and Senior Management' for the period from 1st April, 2007 to 31st March, 2008 in terms of clause 49(I)(D)(ii) of the Listing Agreement with the Stock Exchanges.
 

Place : Hyderabad Dated : 18th April, 2008		K. C. Jain Chief Executive Officer