Camlin - Outcome Of Board Meeting

Camlin Ltd has informed that the Board of Directors of the Company at its meeting held on September 24, 2007, has approved the following items:

1. Allotment and issue of 300000 Equity Shares of Rs 10/- each at a price of Rs 175/- per share for cash (inclusive of Share Premium of Rs 165/- per share) upon conversion of 300000 Equity Warrants to Notz Stucki Et Cie SA A/c. Anna Fund.

2. Allotment and issue of 300000 Equity Shares Notz Stucki Et. Cie SA A/c. Anna Fund and 600000 Equity Shares to Comgest Growth PLC - Comgest Growth India of Rs 10/- each at a price of Rs 175/- per share for cash (inclusive of Share Premium of Rs 165/- per share).

3. Resignation of Mr. P M Sapre as Director of the Company w.e.f. September 24, 2007.

4. Appointment of Mr. Anil Sanghivi, as an Additional Director on the Board w.e.f.September 24, 2007 as a representative of Notz Stucki Et. Cie SA A/c. Aruna Fund and also as a member of the Audit Committee.

Further the Company has informed that, Mr. Milind Hukeri has been appointed as Vice President (Finance & Accounts) w.e.f. September 01, 2007 reportable to Chairman & ManagingDirector.