The Company has decided to hold an Extra Ordinary General Meeting (EGM) on Thursday, 15th March, 2007 at Kamal Nayan Bajaj Hall, Bajaj Bhawan, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai – 400 021 at 4.30 p.m. to obtain the approval of the shareholders for utilisation of the Securities Premium Account of the Company for adjusting the debit balance of the Profit and Loss Account of the Company as on 31st December, 2006.