Tudor India - Outcome of Board Meeting

Tudor India Ltd has informed that the Board of Directors of the Company at its meeting held on December 11, 2007, inter alia, has resolved to:

1. Increase the manufacturing capacity at Companys facility at Prantij, Gujarat to approximately 1,000,000 standard batteries per annum, up from the current capacity of approximately 600,000 standard batteries per annum, at an estimated capital outlay of INR 24 Crores. (US $ 6 million).

2. Authorise the Company to raise a sum of upto INR 34 Crores (US $ 8.5 million) to meet the Project (expansion of capacity) and Working Capital requirements and to hypothecate / create a charge on the Companys assets in favour of the Banks / Financial institutions so granting the line of credit to the extent of INR 34 Crores.