Proposal of payment of interim dividend FY13-14

Sub.: Proposal of payment of interim dividend for FY 2013-14

Dear Sir,

This is in continuation of our letter of even no. dated January 29, 2014.

The Board of Directors of the Company in its meeting held today i.e. 6th February, 2014 has, inter-alia, approved payment of interim dividend for the FY 2013-14 @ 45 % (Rs. 4.5 per equity share) on the paid-up equity share capital of the Company. The said interim dividend shall be payable with reference to the 'Record Date' i.e. Tuesday, the 11th February, 2014 fixed for the said purpose and shall be paid within stipulated time period of 30 days i.e. latest by 6th March, 2014.

The above is for your information and records please.

Thanking you,Yours faithfully

(N.K. Nagpal)

Company Secretary