Hindalco Industries - Outcome Of CoD Meeting

Hindalco Industries Ltd has informed that the Committee of the Board of Directors (CoD) of the Company at its meeting held on April 11, 2007 has passed the following resolutions:1. Allotment of 316,191 Equity Shares of Rs 1/- each (paid value of Re 0.50 per share) of the Company for entitlement of Right Shares kept in abeyance due to court matters.2. Allotment of 67,500,000 Equity Shares Rs 1/ each fully paid of the Company on a Preferential allotment basis to M/s IGH Holdings Pvt Ltd in terms of resolution passed by members of the Company in their meeting held on March 28, 2007 and Chapter XIII of SEBI (Disclosure & Investor Protection) Guidelines, 2000.Further the company has informed that the Committee of the Board of Directors of the company in the same meeting also allotted 80,000,000 Warrants convertible into Equity Shares of Rs 1/- each at a premium of Rs 172.87 to M/s IGH Holdings Pvt Ltd.