Camlin - Outcome Of EGM

Camlin Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 13, 2007, inter alia, have approved the following resolutions unanimously:

1. Issuance of 900000 Equity Shares on preferential basis of Rs 10.00 each at a price of Rs 175.00 per share, for cash (inclusive of Share premium of Rs 165.00 per share) to the following Foreign Institutional Investors:

A.

- Name of the Allottee - Notz Stucki Et Cie SA A/c Aruna Fund

- Category - Foreign Institutional Investor

- No of Equity Shares to be Allotted - 300000

B.

- Name of the Allottee - Comgest Growth PLC

- Category - Foreign Institutional Investor

- No of Equity Shares to be Allotted - 600000

2. Issuance of 300000 Equity Warrants on preferential basis at a price not being less than Rs 175.00 per warrant, which can be converted into Equity Share within a period not exceeding 12 months from the date of Allotment of Equity Warrants to the following Foreign Institution Investors.

- Name of the Allottee - Notz Stucki Et Cie SA A/c Aruna Fund

- Category - Foreign Institutional Investor

- No of Equity Warrants Allotted - 3,00,000

The aggregate Amount to be raised through the said preferential Issue under item 1 and 2 above will be 2100.00 Lacs.

3. Increase in the Authorised Share Capital of the Company from Rs 5,00,00,000 to Rs 10,00,00,000 and amendment to the Capital clause of Memorandum & Articles of Association.

4. Increasing the FII Investment limits upto 30% of the paid up Equity Capital of the Company.