Mumbai, May 11, 2006: The Annual General Meeting of the Company will be held on Thursday, June 29, 2006 at 4.30 p.m. at Kamalnayan Bajaj Hall, Bajaj Bhawan, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai – 400 021, to transact the business set out in the Notice dated March 25, 2006. In accordance with Section 171 of the Companies Act, 1956, the said Notice together with the Explanatory statement pursuant to Section 173 of the Companies Act, 1956, will be posted to the Members of the Company at their registered addresses.

Notice is also hereby given, pursuant to Section 154 of the Companies Act, 1956, that the Register of Members and Share Transfer Books of the Company will be closed from Thursday, June 1, 2006 to Friday, June 9, 2006 (both days inclusive) in accordance with the provisions of the Listing Agreement.