Hindalco Industries - Outcome Of EGM

Hindalco Industries Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 28, 2007, inter alia, have passed the following resolutions, by majority: Authority to the Board to create, offer, issue and allot, from time to time in one or more tranches, upto 67,500,000 equity shares of face value of Re 1/- each on a preferential basis to the Promoters / Promoter Group of the Company and in such manner and on such price, terms and conditions as may be determined by the Board in accordance with the provision of Chapter XIII of the SEBI DIP Guidelines or other provisions of the law as may be prevailing at the time; provided that the price inclusive of premium on the equity shares so issued shall not be less than the minimum price arrived at in accordance with provisions of Chapter XIII of SEBI (DIP) Guidelines, subject to necessary provisions & approvals.