Kilitch Drugs - Outcome Of Board Meeting

Kilitch Drugs India Ltd has informed that the Board of Directors of the Company at its meeting held on September 29, 2007, inter alia, has considered the following:

1. To provide and offer grant of stock option of 3,50,000 equity shares of Face Value of Rs 10/- each on ESOP to the non promoter Directors including Independent Directors and permanent employees of the Company, in the terms of approval accorded by members at the Annual General Meeting.

2. Constituted Compensation Committee of consisting 3 Independent Directors and Promoter Director who is Managing Director.

3. The other compliances as to scheme shall be submitted in due course.