Premier Explosives - Outcome Of Board Meeting

Premier Explosives Ltd has informed that the Board of Directors of the Company at its meeting held on March 26, 2007, has decided to sell assets of Mushroom Division to M/s. Inventaa Chemcials Ltd for a consideration of Rs 17.50 crores plus value of stocks, work -in-progress and finished goods at the close of business hours on April 01, 2007.