The Board in it’s meeting held on 25th January 2010 has decided on the following matters :

1. The Board has adopted the Audited Accounts for the year 2009 subject
to approval of the AGM.

2. The Board has proposed a dividend of 45% Bonus shares on the paid
up capital for the year 2009.


3. The Board has decided to increase the authorized capital of the company to R.O. 25 Million, subject to the approval of Extra ordinary general Meeting.


4. The Board has approved the expansion plan to add another production line
with capacity of approximately 3 Million Sq.Mtr. Per annum.


The Board has decided to hold the EGM / AGM on Wednesday, 24th March
2010.