Rama Paper Mills - Outcome Of Board Meeting

Rama Paper Mills Ltd has informed that the Board of Directors of the Company at its meeting held on February 01, 2007, has transacted the following business:1. Authorized Chairman & Managing Director of the Company to offer, issue and allot 2083333 equity shares or any securities of financial instruments(s) to the promoters / promoter group / Body corporate / Companies / Companies Private or Public entities and / or either one or combination of its associates / nominee / group Companies, individual or other on Preferential allotment basis, in one or more tranches on such terms and conditions and in such manner as the Board may think fit strictly on the basis of the SEBI guidelines.2. To convene and hold the Extraordinary General Meeting of the Company on March 05, 2007.