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Hyderabad Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2008, inter alia, has recommended payment of Rupees Twenty Lakhs only as commission among non-executive Directors of the Company. Pursuant to provisions of Section 309 of the Companies Act, 1956 and Article 118(4) of Articles of Association of the Company, the consent of Shareholders for payment of commission to Non-Executive Directors, was obtained at the Annual General Meeting held on July 21, 2006.

Hyderabad Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2008, inter alia, have recommended a dividend @ 50% being an amount equivalent to Rs 5/- per share on the Equity Share of Rs 10/- each, for the consideration and approval of shareholders, at the ensuing 61st Annual General Meeting of the Company.

Hyderabad Industries Ltd has informed BSE that a meeting of Board of Directors of the Company will be held on May 08, 2008, inter alia, to consider the following:

1. Audited Financial Results for the year ended March 31, 2008.

2. Proposal as to payment of dividend.

3. Draft Notice of Annual General Meeting, along with annexure thereto.

4. Closure of Register of Members.

5. Payment of Commission to Non-Executive Directors.

Hyderabad Industries Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the Special Resolution under section 198, 269, 309, Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 for the appointment & remuneration of Mr. Abhaya Shankar as Managing Director of the Company for a period of 3 years w.e.f. February 01, 2008.