Minal Engineering - Outcome Of Board Meeting

Minal Engineering Ltd has informed that the Board of Directors of the Company at its meeting held on June 01, 2007, inter alia, has resolved the following:1. To alter the object clause of the memorandum of association subject to approval of the shareholders of the Company by inserting a new sub clause 48 after the present sub clause 47 of clause C of part III of the Memorandum of Association of Company and2. To change the name of the Company to Minal Jewels Ltd subject to availability of name and approval of members and central government.3. To convene an Extra Ordinary General Meeting of the members of the Company on June 30, 2007 and to issue notices to the members of the Company as per the draft placed before the meeting and approved.4. To issue postal ballot notice to the members of the Company to seek approval of members for alteration of object clause of the Company.5. To appropriate the sale proceeds of the fractional shares to the respective shareholders.