30th Annual General Meeting
27 June, 2006

Chairman, S Ramadorai addressing the shareholders at the 30th AGM in Hyderabad

The 30th Annual General Meeting of CMC held at Bharatiya Vidya Bhavan Auditorium, Hyderabad on the 27th of June 2006, showcased the bond shared by the shareholders and the company.

The meeting was attended by the Chairman, S Ramadorai, the MD & CEO, R Ramanan, the Board of Directors - C B Bhave, Ishaat Hussain, Dr. KRS Murthy and Surendra Singh, Company Secretary, Vivek Agarwal, Statutory Auditor, Billimoria & Co., Jitendra Agarwal, Chief Finance Officer, J K Gupta, AGM - Corporate Finance and Accounts, S Sekhar, Head- HR, & Corporate Communications, S V Ramanan and others.

Chairman, Ramadorai highlighted the company's growth, which recorded a revenue of Rs 850 crore, an increase of 10 per cent over the previous year. In view of the improved financial results the Board recommended an increase in the dividend rate to 50 per cent compared to 45 per cent in the previous year.

Talking on the TCS-CMC synergy, Ramadorai stated that a growth of 122 per cent leading to an increase in revenues to the tune of Rs 255 crore. With an aim to enhance efficiency and productivity the company has improved its internal systems by adapting Ultimatix - a world class digitising system.

Carrying forward from last year's initiatives, he added that the company has marched ahead in the ITES and E&T segments with a focus on global market share and value-added service.