EID Parry - Outcome of Board Meeting

EID Parry India Ltd has informed that the Board of Directors of the Company at its meeting held on June 19, 2007 has decided to seek the approval of the shareholders under Section 81(1A) of the Companies Act, 1956 for the issue of Employees Stock Options (ESOP) up to a maximum of 5% of the issued capital of the Company.Further the Company has informed that, the Company is proposed to seek the said approval of the shareholders at the Annual General Meeting scheduled on July 26, 2007.