in a Dynamic Environment - Domain-b

Number of Number of Gross AmountNon-Resident Equity of dividendShareholders Shares Held(Rs. in crores)2009 2008Final dividend for 2006-2007 declared inJune 2007 7,768 8,04,32,379 - 32.17Interim dividend declared in July 2007 7,833 8,18,07,102 - 24.54Interim dividend declared in October 2007 7,823 8,67,04,469 - 26.01Interim dividend declared in January 2008 8,027 10,48,97,650 - 31.47Final dividend for 2007-2008 declared inJune 2008 8,289 11,15,49,408 55.78 -Interim dividend declared in July 2008 8,395 11,20,08,775 33.60 -Interim dividend declared in October 2008 8,716 11,15,59,826 33.47 -Interim dividend declared in January 2009 8,775 11,26,77,140 33.80 -27) Derivative Financial InstrumentsThe Company, in accordance with its risk management policies and procedures, enters into foreign currency forwardcontracts and currency option contracts to manage its exposure in foreign exchange rates. The counter party isgenerally a bank. These contracts are for a period between one day and eight years.The Company has following outstanding derivative instruments as on March 31, 2009:(i)The following are outstanding foreign exchange forward contracts, which have been designated as Cash FlowHedges, as on:March 31, 2009 March 31, 2008Foreign No. of Notional Fair Value No. of Notional Fair ValueCurrency Contracts amount of (Rs. in crores) Contracts amount of (Rs. in crores)ForwardForwardcontractscontracts(million)(million)Gain / (Loss)Gain / (Loss)U.S. Dollar 14 153.50 (92.00) 14 290.00 (25.21)Sterling Pound - - - 3 15.00 (3.91)Euro - - - 3 19.00 (11.78)(ii)The following are outstanding Currency Option contracts, which have been designated as Cash Flow Hedges,as on:March 31, 2009 March 31, 2008Foreign No. of Notional Fair Value No. of Notional Fair ValueCurrency Contracts amount of (Rs. in crores) Contracts amount of (Rs. in crores)CurrencyCurrencyOptionOptioncontractscontracts(million)(million)Gain / (Loss)Gain / (Loss)U.S. Dollar 26 907.60 (587.03) 67 3871.50 (88.70)Sterling Pound 1 4.00 (0.85) 7 55.65 (2.23)Euro 1 5.00 (5.59) 12 99.25 (38.75)151