25th Information for Share Holders

Shareholders / Investors service

GRUH has its in-house secretarial department under the overall supervision of Mr. Marcus Lobo – company secretary/ compliance officer. For any assistance regarding share transfers, transmissions, change of address, non receipt of dividend, duplicate/missing share certificates and other matters pertaining to your shares, please write to the following address:

Shareholding Pattern as at March 31, 2011

Top ten shareholders of GRUH as at March 31, 2011

Listing of Equity Shares

GRUH’s shares are listed on The Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd.

The Stock Code Nos. are : BSE: 511288; NSE: GRUH

The Company has arranged for the payment of the listing fees for the year 2011-2012 as per the listing agreement with the respective stock exchanges.

Listing of Debt Securities

GRUH’s NCDs (Series – B-001 aggregating to 40 crore) are listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange of India Limited (NSE).

Debenture Trustees

IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400 021.

Stock Market Data

Monthly high and low quotations as well as the volume of shares traded at the Bombay Stock Exchange Limited and for National Stock Exchange Limited for 2010-2011 along with the BSE Sensex & Nifty are as follows:

BSE 2010-2011:

NSE 2010-2011

Distribution of shareholding as at March 31, 2011

Dematerialisation of Shares

As at March 31, 2011, 97.44% of equity shares of GRUH have been dematerialised by shareholders through National Securities Depository Limited and Central Depository Services (India) Limited.

ISIN for NSDL & CDSL : INE 580B01011

The status of shares which have been dematerialised and shares which are held in physical form as at March 31, 2011 are as under:

Details regarding dividend paid during the last 7 Years

NB: Shareholders who have not received the dividends as aforesaid are requested to kindly contact the secretarial department.

Unclaimed Dividend and Deposits

The Company has transferred all unclaimed/unpaid dividend up to the financial year 2002-2003 to the General Revenue Account of the Central Government or to the Investor Education and Protection Fund, as applicable. The Company has transferred matured deposits and interest thereon for the year 2002-2003 remaining unclaimed / unpaid, to the Investor Education and Protection Fund, in accordance with the current regulations.

Members who have either not received or have not encashed their dividend warrant(s) for the financial years 2003-2004 to 2009-2010 are requested to claim the unpaid dividend from the Company before transfer to the above mentioned fund. After transfer of unpaid/unclaimed dividend amount to the Investor Education and Protection Fund, the same cannot be claimed subsequently.

Dividends that have not been claimed by the shareholders for the financial year 2003-2004 will have to be transferred to the Investor Education and Protection Fund in August 2011 in accordance with the current regulations.

Nomination Facility

Where shares are held in single name, in case of an unfortunate death of the shareholder, the process of transmission is cumbersome as it requires submission of succession certificate / letter of probate / will, etc. Shareholders holding shares in single name and in physical form are requested to submit the prescribed form 2B (in duplicate) to the secretarial department to avail of the nomination facility. Shareholders may contact the secretarial department for the said form. Shareholders holding shares in demat form are requested to contact their depository participants for availing the nomination facility.

Financial year

The Company follows financial year April to March.

Outstanding GDRs / ADRs / warrants

The Company does not have any GDRs/ ADRs / Warrants or any convertible instruments.

Book Closure

The register of members and share transfer books of the Company will remain closed from Tuesday, July 5, 2011 to Thursday, July 14, 2011, both days inclusive.

Dividend Payment

The Board of Directors of GRUH has recommended a dividend of 110% ( 11 per share), which includes a special silver jubilee dividend of 25%, for the financial year ended March 31, 2011 for approval of the shareholders at the annual general meeting.

Dividend entitlement is as follows:

• For shares held in physical form: shareholders whose names appear on the register of members of the Company as on Tuesday, July 5, 2011.
• For shares held in electronic form: beneficial owners whose names appear in the statement of beneficial position furnished by NSDL and CDSL as at the close of business hours on Monday, July 4, 2011.

Dividend, if declared by the members shall be paid on or after July 14, 2011 but within the statutory time limit.

25TH Annual General Meeting

Measuring Shareholders’ Value

At GRUH, we believe in maximizing the wealth of its shareholders and our endeavors are in the direction of providing maximum value to our shareholders either in the form of dividend or capital appreciation. The value of Shareholders’ return is measured as follows:

A. Total Shareholders’ Return

Total Shareholder’s return includes the dividend paid by the Company as well as the capital appreciation of the shares of the Company in the stock markets. During the past five years return to shareholders has been as follows:

( in Crores)

B. Enterprise Value

Enterprise Value (EV) measures the value of a Company as on a particular date. It is calculated by making adjustments to the market capitalisation of a Company. The formula for measuring Enterprise Value is :

Enterprise Value (EV) = Market capitalisation + Total Debt – Cash Balance

With the Enterprise Value as a measure, the companies can be compared easily irrespective of their capital structure. Moreover, Enterprise value is used to calculate the ratio of EV to EBIDTA multiple.

EBIDTA stands for Earnings before Interest, Depreciation, Tax and other appropriations. Hence, it can be calculated by adding back the figures of interest, depreciation and other appropriations to the amount of Profit Before Tax (PBT). It indicates that the value of enterprise is equal to number of times of the Company’s earnings. As the figures of Interest, depreciation and tax are added back, it makes the comparison between two enterprises easier by eliminating all the accounting and tax differences.

The above measure for GRUH for a period of five years is as follows : –

( in Crores)

*Considered as the price on the stock exchange where maximum number of shares have been traded.