Madras Cements - Outcome Of Board Meeting

Madras Cements Ltd has informed that the Board of Directors of the Company at its meeting held on May 30, 2007, has decided the following:1. Establish Grinding Units in the States of Tamil Nadu, Andhra Pradesh and West Bengal.2. As a measure of diversification, to consider entering into industries viz., Sugar and its by-products, Pharmaceuticals, Power & Power equipments and Textiles. For this purpose, the Company is proposing to obtain through Postal Ballot, the approval of the Members for necessary amendments in the Objects Clause of the Memorandum of Association. The Company also proposes to obtain the approval of the Members by way of Special Resolution at the forthcoming Annual General Meeting scheduled to be held on July 27, 2007 for commencement of the new activities.