EXTRACTS OF MINUTES OF 87TH MEETING OF THE BOARD OF DIRECTORS OF

THE COMPANY HELD ON TUESDAY, THE 29TH APRIL 2008 AT 10.30 A.M. AT
THE ADMINISTRATIVE OFFICE OF THE COMPANY AT 101, SMR SARTAJ
PLAZA, SIKH ROAD, SECUNDERABAD - 500 009.
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FIXING OF DIRECTOR’S REMUNERATION FOR THE YEAR 2008-09:

The Chairman informed that the Company has done remarkably well and has
shown consistent growth. The issue of fixation of their remuneration was put
forth. After some discussion the following revised remuneration package was
approved:

Mr. P. Viswanath, Mr Manek & Mr Pramod Kumar - Salary -Rs 63.00 lakhs
each
Mr. P. Viswanath, Mr Manek & Mr Pramod Kumar - Bonus -Rs 21.00 lakhs
each
Mrs.P. Sailaja & Mrs. Kerban M. Daruvala - Salary -Rs. 7.20 lakhs each
Mrs.P. Sailaja & Mrs. Kerban M. Daruvala – Bonus -Rs. 0.30 lakhs each

In addition to the above, all are eligible for reimbursement of medical expenses
up to Rs. 0.15 lakhs each.

There being no other matter to discuss, the meeting concluded with a vote of
thanks to the Chair.

For Triumphant Institute of Management Education Private Limited

Manek N. Daruvala
Director
EXTRACTS OF MINUTES OF 91st MEETING OF THE BOARD OF DIRECTORS OF
THE COMPANY HELD ON MONDAY THE 27TH APRIL, 2009 AT 9.00 A.M. AT
THE ADMINISTRATIVE OFFICE OF THE COMPANY AT 101, SMR SARTAJ
PLAZA, SIKH ROAD, SECUNDERABAD - 500 009
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DISCUSSION ON DECLARATION OF DIVIDEND.

The Board considered proposal of Interim Dividend for the FY 2008-09 and after
due discussion, the following resolution was passed unanimously:

“RESOLVED THAT an interim dividend of 180% (i.e. Rs 18.00 per share)

amounting to Rs. 38,649,330 be paid out of the profits of the Company for the
financial year 2008-09 on 21,47,185 equity shares, to those share holders whose
names appear in the Register of Members of the Company as on 30th April,
2009.”

For Triumphant Institute of Management Education Private Limited

Manek N. Daruvala
Director
EXTRACTS OF MINUTES OF 92nd MEETING OF THE BOARD OF DIRECTORS OF
THE COMPANY HELD ON 30TH JULY 2009 AT 8.30 A.M. AT THE
ADMINISTRATIVE OFFICE OF THE COMPANY AT 101, SMR SARTAJ PLAZA,
SIKH ROAD, SECUNDERABAD-09.
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TO APPROVE THE ACCOUNTS FOR THE YEAR ENDED 31.03.2009:

The Board of Directors discussed the various matters relating to the final
Accounts for the year ended 31.03.2009 as submitted to the board. The
Chairman appraised the Board of the highlights of the Annual Accounts for the
year ended 31.03.2009.

Si.No Particluars Amount

(in Rs.
Lacs)
1 Fixed Assets

Additions to Fixed assets 347.43

Deletions to Fixed assets 26.22
Depreciation for the year 146.49
Profit on Sale of Assets 3.09

2. Taxation

Provision for tax(current) – 1040.00

Deferred tax asset – 15.81
Fringe Benefit Tax - 18.90
3. Write offs during the year

- Fees written off/ refunded 161.65

- Bad Debts/Advances written off 31.58

4. Dividend

-Proposed Dividend 386.49

-Tax on Dividend 65.68

5. Transactions with related Parties:-

 a) Advertisements released through Tiara Advertising 582.40
b) Reimbursement of Exp. recd. from Tiara Advertising 23.46
c)Royalties received/due from Kusuma Inst of 30.00
Mgt.Studies
Pvt. Ltd. 43.24
d) Royalties received/due from Ramakrishna Inst of Mgt.
Studies Pvt. Ltd. 623.54
e) Royalties received / due from TIME Edu. Pvt. Ltd. 609.16
f) Royalties received/due from Supreme Edu. Pvt.Ltd 218.79
g)Royalties received/ due from Inspire Educational
Services Pvt. Ltd 160.52
h)Royalties received/due from Catalysis Education Pvt Ltd

The Board of Directors considered and approved the Balance Sheet as at 31-03-
2009, Profit & Loss account for the year ended 31.03.2009 and passed the
following resolutions: -

“RESOLVED THAT the Balance Sheet as at 31st March, 2009 and Profit & Loss
account for the financial year 2008-09 together with Schedules and notes
appended thereto initialed by the Chairman be and are hereby approved”.

“FURTHER RESOLVED that Mr. Manek N. Daruvala and Mr. P. Viswanath,

Directors of the Company be and are hereby authorized to sign the Balance
Sheet as at 31.03.2009 and Profit & Loss account for the year ended 31-03-2009
on that date and submit the same to M/s Deloitte Haskins & Sells, Chartered
Accountants, Secunderabad, the auditors of the company for their report
thereon”.

For Triumphant Institute of Management Education Private Limited

Manek N. Daruvala
Director