| xi) | DEMATERIALIZATION OF SHAREHOLDING AND LIQUIDITY : |
| As per SEBI’s Guidelines, your Company’s Ordinary Shares are compulsorily traded in Dematerialized form for all the investors with effect from 31st May, 1999. 3,68,54,762 Shares were in Dematerialized form representing 80.57% of the total Ordinary Shares as on 31st March, 2010. | |
| As per agreements of the Company with NSDL and CDSL, the investors have an option to dematerialize their Ordinary Shares with either of the Depositories. | |
| xii) | OUTSTANDING GDRS / ADRS / WARRANT OR ANY CONVERTIBLE INSTRUMENTS, CONVERSION DATE AND LIKELY IMPACT ON EQUITY : |
| The allotment of Ordinary Shares for GDRs issued during the year 1996, was completed in the same year. As such, there are no GDRs/ ADRs or any Convertible Instrument pending conversion to impact the Ordinary Share Capital of the Company. | |
| However, as on 31st March, 2010 the Company awaits 70,41,875 GDRs from its holders for cancellation and delivery of shares against thereof. | |
| xiii) | INSIDER TRADING : |
| The Code of Internal Procedure & Conduct under The SEBI (Prohibition of Insider Trading) Regulations, 1992 as amended, is in force since 28.04.2002. |
