TABLE A - REGULATION 86

INTERIM DIVIDEND

1. Subject - Interim Dividend.

2. Passing Authority - Board of Directors.

3. Nature of the Resolution - Resolutions with simple majority.

4. Specimen Resolution(s):

"RESOLVED THAT: an Interim Dividend at the rate of 5% be paid subject to deduction of tax at the prescribed rates to the holders of Preference Shares whose names appear on the Register as on 15th February 2002 in respect of the 50,000 10% Cumulative Preference Shares of Rs.100 each in the Company for the year ending 31st March 2002.

To further RESOLVE that the Register of Members of the Company relating to the Preference Shares be closed from 8th February 2002 to 15th February 2002 both days inclusive and that the dividend be paid to the Members on and after 1st March, 2002.

5. Guidelines:

1) The Company's Articles must empower the Board to declare interim dividends.

2) An interim dividend can be declared and paid at any time between two Annual General Meetings.

3) An interim dividend declared does not create a debt as it may be rescinded by the Board before payment.

6. Filing: Not applicable.