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REPORT ON CORPORATE GOVERNANCE

Distribution of shareholding as on 31st March, 2010 No. of Equity Shares held

Outstanding GDRs/ADRs/Warrants or any convertible instruments, conversion date and likely impact on equity: N.A.

Shareholders

Equity shares held

No. of shareholders

% to Total

No. of shares

% to Total

001-500

5639

84.86%

583388

0.65

501-1000

787

11.84 %

451268

0.50

1001-2000

95

1.43 %

134235

0.15

2001-3000

20

0.30 %

50551

0.06

3001-4000

13

0.20 %

46862

0.05

4001-5000

12

0.18 %

55653

0.06

5001-10000

25

0.38 %

192330

0.21

10001 & Above

54

0.81 %

88501763

98.32

6645

100

90016050

100

Total

Shareholding pattern as on 31st March, 2010 Category

No. of Shares held

% to Total

34701823

38.55

3720159

4.13

288075

0.32

0

0

Foreign Institutional Investors

1225661

1.36

Bodies Corporate

47639728

52.92

Indian Public

2440604

2.72

Total

90016050

100

Promoters Holdings Public Share holding: Mutual Funds Banks, Financial Institutions & others Insurance companies

NRI/Foreign Nationals

Address for correspondence Registered Office 15/16, Hazari Baug, LBS Marg, Vikhroli (W.) Mumbai 400 083 T: +91-22-25781143, F: +91-20-26131071 Corporate Office 'Phoenix', Bund Garden Road, Pune 411 001 T: +91-20-30562200/300 F: +91-20-26131071 email: vascon@vsnl.com Compliance Officer M Krishnamurthi Company Secretary T: +91-20-30562305 F: +91-20-26131071 email:compliance.officer@vascon.com Website www.vascon.com Shareholders' Correspondence Registrar & Transfer Agents for all matters relating to transfer/dematerialization of shares, payment of dividend, IPO refunds/demat credits at Karvy Computershare Private Limited Plot No. 17 to 24, Vittalrao Nagar Madhapur Hyderabad - 500 081 T: + 91- 040 - 44655000 F: +91-040-23420814 Email: einward.ris@karvy.com Investor grievance id: einward.ris@karvy.com Website: www.karvy.com Contact Person: S V Raju, Asst. General Manager SEBI Registration No.: INR000000221

Promoters Holdings34701823shares Mutual Funds3720159shares Banks, Financial Institutions & others288075shares Insurance companies0shares Foreign Institutional Investors1225661shares Bodies Corporate47639728shares NRI/Foreign Nationals0shares Indian Public2440604shares

Annual Report 2010

31


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