In consonance with the provisions Clause 31(d) of the Listing Agreement, we are submitting the resolutions passed and approved in the Annual General Meeting of the company held on December 23, 2013, as given below:

  1. Adoption of the Profit & Loss Account for the 15 Months period ended 30.06.2013, Balance Sheet as on that date along with the Reports of the Directors' and Auditors' thereon.
  2. Re-appointment of Mr. Mandra Sarveswar Reddy as Director ` liable to retire by rotation.
  3. Re-appointment of M/S. Rambabu & Company, Chartered Accountants as statutory auditors and authorization to Board of Directors to fix their remuneration.
  4. Appointment of Dr. T Srinivasa Rao as Director ` liable to retire by rotation.
  5. Ratification of the payment of remuneration to Dr. Venkata Satya Prasad Tholada, Executive Director for seeking approval from Central Government.
  6. Ratification of reference made to the Board for Industrial and Financial Reconstruction (BIFR).

This is for your information and records.

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