MINUTES OF THE 92nd MEETING OF BOARD OF DIRECTORS OF M/S.

EUROFLEX
TRANSMISIONS (INDIA) PRIVATE LIMITED HELD AT 11.00 A.M ON 17.07.2010
AT THE REGISTERED OFFICE OF THE COMPANY AT PLOT NO.99, C.I.E., PHASE-II,
HYDERABAD-500037.
_________________________________________________________________

DIRECTORS PRESENT:

Mr.S.N.Shenoy - Managing Director

Mr.K.Sridhar - Director
Mr.K.Srinivasa Murthy - Director

CHAIRMAN:

Mr. S.N.Shenoy, Managing Director of the company was elected as Chairman of the
Meeting. After ascertaining the quorum was present, the meeting was called to order.

1.LEAVE OF ABSENCE:

Not Applicable

2.CONFIRMATION OF PREVIOUS BOARD MEETING MINUTES:

The Minutes of the previous Board Meeting as circulated to all the Directors were taken as
read, performed and signed by the Chairman as correctly recorded.

3.REVIEW OF ACTION TAKEN ON DECISIONS OF THE BOARD IN THE PREVIOUS

MEETING:

The Chairman requested the Board to take note of the action taken report on the matters
related to the previous Board Meeting, which was placed before the meeting for perusal of
the members. Board after perusal took note of the same.

4.REVIEW OF THE OPERATIONS OF THE COMPANY:

The Managing Director presented the Quarterly operational results in respect of Turnovers
of each segment, operational profits of each requirement and overall picture of the company
including domestic and export sales. The Board discuss and took note of the same.
5.TO DISCUSS AND ADOPT THE ANNUAL ACCOUNTS:

The Board considered the Director’s Report, Balance Sheet as on 31 st March, 2010 and the
Profit & Loss Account for the financial year ended on that date and the draft report of the
Auditors thereon, and adopted the same and required the Managing Director took present
the same to the statutory auditors for their signatures.

6.RECOMMENDATION FOR DECLARATION OF DIVIDEDS:

After discussions about the Profitability and future fund requirement, the Directors
recommend a Divided at the rate of 33.33% for the financial year ending 31.03.2010.

7.FIXING THE ANNUAL GENERAL MEETING:

The 19tht Annual General Meeting of the Shareholders is fixed to be held on 06.08.2010.

There being no other business the Meeting ended, with a vote of thanks to all.

By Order of the Board of Directors

Chairman

// True Copy //
M/S.EUROFLEX TRANSMISIONS (INDIA) PRIVATE LIMITED

92nd MEETING OF THE BOARD OF DIRECTORS

Date : 17.07.2010 Venue: Registered Office

Time : 11.30 A.M Plot No.99, C.I.E. Phase-II,
Hyderabad-500 037..

AGENDA

S.NO. SUBJECT
1. Leave of absence

2. Confirmation of Minutes of the Last Board Meeting

3. Review of Action taken on Decisions of Earlier Board Meeting

4. Review of Operations of the Company

5. Adoption of Annual Accounts for the Year ending 31.03.2010

6. Recommendation for Declaration of Dividends

7. Fixing the date for Annual General Meeting