Camlin - Outcome Of Board Meeting

Camlin Ltd has informed that the Board of Directors of the Company at its meeting held on August 18, 2007, inter alia, has approved the proposal for issuance of 600000 Equity Shares and 600000 warrants on a preferential basis at a price not less Rs 175/- per share / Warrant (inclusive of Share premium of Rs 165/- per share) aggregating Rs 2100 Lacs. An Extraordinary General Body Meeting is also being convened on September 13, 2007 to seek approval of the Members.

This capital raising is done to fund Companys expansion plans, Capital expenditure & towards Overall Growth of the Company. With these initiatives the Company expects to achieve a good growth in Turnover and Profitability in the coming years.

The proposed Issuance of Equity Shares and Warrants on a preferential basis is to the following Foreign Institutional Investors (FIIs): -

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Sr. No.Name of the allotteeNo of Equity SharesNo of Equity Warrants

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1. Notz Stucki Et Cie SA 300000300000

2. Comgest Growth PLC300000300000

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In view of the above placements, the Board has also considered the proposal for increasing the Authorised Capital of the Company from Rs 5.00 Crores to Rs 10 Crores and increasing the FII Investment limits to 30% subject to approval of the Members by a Special Resolution.

The Company offers a wide range of products such as Artist Materials, Hobby Colours, Scholastic Colours, Scholastic Stationery Products, Office Products and Writing Instruments under the Camel and Camlin brands which are very well known brands and implies value for money for Consumers.