Declaration of Dividend

Dear Sir,

This is in continuation of our letter of even no. dated February 2, 2016.

The Board of Directors of the Company in its meeting held today i.e. 9th February, 2016 has, inter-alia, approved the un-audited financial results of the Company for the quarter ended 31st December, 2015 and approved payment of interim dividend for the FY 2015-16 @ 25 % (Rs. 2.50 per equity share) on the paid-up equity share capital of the Company.

Interim Dividend will be paid with reference to the 'Record Date' i.e. Wednesday, the 17th February, 2016 fixed for the said purpose