Iol Netcom Limited has informed the Exchange that pursuant to Section 192A(2) of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (including any statutory modification or re-enactment thereof for the time being in force), that the resolutions appended below are proposed to be passed as Ordinary/ Special Resolutions, as the case may be, by way of postal ballot: (1) To Alter Object Clause of the Memorandum of Association of the Company by inserting New Clauses 2(A)(i), (ii), 2(B)(i), (ii), (iii), (iv), 2(C)(i), (ii), 2(D)(i), (ii), 2(E), 2(F)(i), (ii), 2(G)(i), (ii), 2(H)(i), (ii), (iii) as mention below in the main object of the Company after clause III A(1) and (2) (as per resolution set out in item no-1), (2) To Alter Articles of Association of the Company by inserting new article No. 48 A after article no 48 in Transfer and Transmission (as per resolution set out in item no-2), (3) To issue Zero % Fully Convertible Debenture to the HT Media Ltd. (as per resolution set out in item no-3). The Company has appointed Shri. Prabhat Maheswari, Practicing Company Secretary, as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. The duly completed postal ballot forms should reach the Scrutinizer not later than the close of working hours on February 28, 2009. The Scrutinizer will submit his Report to the Chairman/ Director on February 28, 2009. Subsequently, the result of the Postal Ballot will be announced by the Chairman or in his absence by a Director of the Company on February 28, 2009. A copy of Notice of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).