Gujarat Apollo - Outcome Of Board Meeting

Gujarat Apollo Industries Ltd has informed that the Board of Directors of the Company at its meeting held on October 23, 2007, inter alia, has recently concluded a Technical Know-how and Licensing agreement with an European Company for manufacturing of 2 models of soil compactors and 3 models of tandem vibratory compactors and to add them to its range of products. Revenue from this product of range is expected from 1st quarter of next fiscal. This addition coupled with recently added range of crusher and mining equipment will strengthen Companys already well established product range and will position the Company with all the important products under one brand, Rollers and crusher range of products have much larger addressable market size and have versatile end uses which will offer product de-risking to the Company in the future.