Marg Constructions - Outcome Of Board meeting

Marg Constructions Ltd has informed that the Board of Directors of the Company at its meeting held on October 24, 2007, interalia, has taken the following decision:1. Appointed Mr. Sai Baba as Additional Director on the Board who will be an independent director2. Noted the execution of Memorandum of Understanding of Karaikal Port Pvt Ltd, a WOS with Pembinaan Redzai Sdn Bhd (PRSB), a leading Malaysian entity, to explore potential cooperation on a variety of areas for the Karaikal Port project for strategic, management and operational expertise.3. Noted the notification of final approval for establishment of SEZ in light engineering sector by, M/s New Chennai Township Pvt Ltd a WO5 vide notification number S.O 1683 (E) in The Gazette of India.