IG Petrochemicals - Outcome Of Board Meeting

IG Petrochemicals Ltd has informed that the Board of Directors of the Company at its meeting held on July 16, 2007, inter alia, has considered and approved the following:1. Discussed and explored the possibility of expanding the capacity of Phthalic Anhydride.2. Approval of passing of resolution by Postal Ballot u/s. 293(1)(a) of the Companies Act,1956 with regard to the proposed expansion of capacity and to create mortgage / charge on the immovable properties of the Company.