Sical Logistics - Outcome of Board Meeting

Sical Logistics Ltd has informed that the Board of Directors of the Company at its meeting held on June 12, 2007, has transacted the following:1. Decided to issue equity shares on preferential basis under private placement basisnot exceeding Rs 103 crores to the following select group of investors:a. M/s. Credit Suisse Singapore Ltd : 20,50,000 - No of Equity Shares b. M/s. Macquarie Bank Ltd : 20,50,000 - No of Equity Shares2. To convene an Extra-ordinary General Meeting of the equity shareholders on July 09, 2007 to seek their approval for the issue of equity shares on preferential basis.