Last checked at 10 Jul 2008 07:30
TO: RNS DATED: July 2, 2008
Sub: Compliance Report on Corporate Governance for the quarter ended June 30, 2008
Pursuant to Clause 49 of the Listing Agreement entered into with Indian Stock Exchanges, we submit herewith Compliance Report on Corporate Governance for the quarter ended June 30, 2008.
We confirm that the Company is in compliance with the provisions of Clause 49 of the Listing Agreement.
| Particulars | Clause of Listing Agreement | Compliance status (Yes/No/N.A.) | Remarks |
| I. Board of Directors | 49(I) | Yes | |
| (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 | |
| II. Audit Committee | 49 (II) | Yes | |
| (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 |
| Particulars | Clause of Listing Agreement | Compliance status (Yes/No/N.A.) | Remarks |
| IV. Disclosures | 49 (IV) | Yes | |
| (A) Basis of related party transactions | 49 (IV A) | Yes | |
| (B) Disclosure of Accounting Treatment | 49 (IV B) | NA | |
| (C) Board Disclosures | 49 (IV C) | Yes | |
| (D) Proceeds from public issues, rights issues, preferential issues etc. | 49 (IV D) | Yes | |
| (E) Remuneration of Directors | 49 (IV E) | Yes | |
| (F) Management | 49 (IV F) | Yes | |
| (G) Shareholders | 49 (IV G) | Yes | |
| V. CEO/CFO Certification | 49 (V) | Yes | |
| VI. Repoit on Corporate Governance | 49 (VI) | Yes | |
| VII. Compliance | 49 (VII) | Yes |
For Reliance Infrastructure Limited
Ramesh Shenoy Company Secretary
Date: July 2, 2008