Camlin Fine - Outcome Of EGM

Camlin Fine Chemicals Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 06, 2007, inter alia, have accorded the following:

1. Authority to the Board to create, offer, issue and allot upto 950000 (Nine Lacs Fifty Thousand) Equity Shares on preferential basis of Rs 10.00 each at a price of Rs 52.00 per Share, for cash (inclusive of Share Premium of Rs 42.00 per Share) being the price which is in accordance with Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, for Preferential Issues aggregating to Rs 494.00 Lacs (Rupees Four Crores Ninety Four Lacs only) to the following Promoter Group as detailed herein below:

a. Vivek A Dandekar (Minor) - Leena A Dandekar (Mother and Guardian) - {Promoter Group}

- 475000 No of equity shares to be allotted

b. Abha A Dandekar (Minor) - Ashish S Dandekar (Father and Guardian) - {Promoter Group}

- 475000 No of equity shares to be allotted

2. Authority to the Board to create, offer, issue and allot upto 1550000 (Fifteen Lacs Fifty Thousand) Equity Warrants on preferential basis at a price not being less than Rs 52.00 per Warrant, for cash being the price which is in accordance with Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, relating to Preferential Issues aggregating to Rs 806.00 Lacs (Rupees Eight Crores Six Lacs) and which can be converted into Equity Share within a period not exceeding 18 months (eighteen months) from the date of Allotment of Equity Warrants to the following Promoter Group as detailed herein below:

a. Vivek A Dandekar (Minor) - Leena A Dandekar (Mother and Guardian) - {Promoter Group}

- 95000 No of equity warrants to be allotted