Shilp Gravures - Outcome Of Board Meeting

Shilp Gravures Ltd has informed that the Board of Directors of the Company at its meeting held on April 18, 2008, has approved the proposal to allot Share Warrants on Preferential Basis to select group of Promoters and to other subject to compliance of Preferential Issue Guidelines and further subject to the approval of Members at the forthcoming Annual General Meeting and other approvals, as may be necessary.