Madhav Marbles - Outcome of EGM

Madhav Marbles & Granites Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 30, 2007, have approved and accorded their consent to the Board of Directors for the Issuance of GDRs / ADRs / FCCBs / or any other securities convertible into equity shares (through Depository Receipt Mechanism) up to an amount not exceeding an aggregate of USD 15 Million.