The Board of Directors at their meeting held on Monday the 30th January 2012 approved:
1.Un-Audited Financial Results (provisional) for the third quarter ended 31st December 2011 reviewed by the Audit Committee and the Limited review of the same has been carried out by the Statutory Auditors of the Company.
2.Resignation tendered by Mr. B Srinivasa Rao as Vice-President (Sales) with effect from 10th January 2012.
3. Appointment of Mr. G V Sree Giridhar as the new Vice President (Sales & Marketing) with effect from 5th January 2012.
The Board of Directors expressed their heartfelt condolences to the bereaved family of Sri K C Chandrasekhar, President (Operations), who was attacked in the unprecedented violence that occurred at Factory, Yanam on 27th January 2012. This inhuman and unprovoked attack at the residence of Sri K C Chandrasekhar was strongly condemned and the Board requested the Chairman and Managing Director to escalate to Govt. of Puducherry and Law Enforcement agencies to ensure such brutal acts are prevented from occurring again. They also condemned the unprecedented damage to the Plant & Machinery during the Yanam violence.

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