Dunlop India - Outcome Of Board Meeting

Dunlop India Ltd has informed that in terms of Order dated March 16, 2007 passed by Honble Board for Industrial and Financial Reconstruction (BIFR), the Board of Directors of the Company at its Meeting held on March 16, 2007, has resolved to offer new equity shares of Rs 10/- each fully paid up of the Company at par to its Equity Shareholders against payment of full consideration on rights basis in the ratio of 1:0.60 i.e. 6 new equity shares for every 10 equity shares held in the Company. Further the Company has informed that, in order to issue new equity shares on rights basis as aforesaid, the existing authorized share capital of the Company is proposed to be increased in terms of Honble BIFRs aforesaid order.