Everest Kanto - Board Meeting On Oct 06, 2007

Everest Kanto Cylinder Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 06, 2007, inter alia, to consider the following:

1. Allocation of Bonds consequent to the Foreign Currency Convertible Bond issue of the Company.

2. Further issue of Equity Shares of the Company for a value not exceeding Rs 100 crores at the discretion of the Board, on a Preferential Basis, to various Entities / such class of Investors, and at a price and on such terms as may be decided by the Board of Directors of the Company, consistent with and in compliance with the applicable laws, rules, regulations and guidelines of a) the Securities and Exchange Board of India, b) the Stock Exchanges on which the Shares of the Company are Listed and c) every other Regulatory Authority that may be required in this regard and to which the Company is subject.