Brakes Auto - Outcome of Board Meeting

Brakes Auto India Ltd has informed that the Board of Directors of the Company at its meeting held on February 09, 2007, has unanimously passed the following resolutions:1. The cost break-up of Right Issue for the upcoming new Plant at Dhule is as under (in Lakhs):Promoter: 1000.00Public: 1800.00Term Loan: 1200.002. Appointment of Merchant Bankers viz Ashika Capital Ltd, Mumbai.3. Appointment of Share Registrar for Public / Right Issue: Purva Sharegistry (India) Pvt. Ltd, Mumbai.