SB&T International - Board Meeting on Dec 17, 2007

SB&T International Ltd has informed that a meeting of the Board of Directors of the Company will be held on December 17, 2007, to consider /discuss the following:

1. Cancellation of the proposed Amalgamation of Mimansa Jewellery Pvt Ltd with the Company (approved by the Board of Directors at their Meeting held on April 04, 2007) and to consider takeover of the business of Mimansa Jewellery Pvt Ltd and to consider preferential issue of Equity Shares for the same.

2. Issue of Equity Share Warrants on Preferential Basis to investors at a price to be determined in accordance with SEBIs Guidelines on Preferential Issues, subject to necessary approvals.

3. Convening of an EGM of the shareholders of the Company to pass necessary resolutions.