PVR - Outcome Of Board Meeting

PVR Ltd has informed that the Board of Directors of the Company at its meeting held on July 20, 2007, inter alia, has approved the following:

1. To raise funds through issue of Foreign Currency Convertible Bonds (FCCBs), subject to approval by Shareholders in the Annual General Meeting of the Company.

2. To issue warrants, convertible into Equity shares, upto 5% the paid up Equity share capital of the Company on preferential basis to the promoters of the Company, subject to approval of the Shareholders in the Annual General Meeting of the Company.