Wednesday, May 21, 2008

Outcome Of Vadilal Dairy’s Board Meeting

Company at its meeting held on May 07, 2008, inter alia, has considered the following:

1. Considered and Approved the BIFR Order.

2. Considered and Approved the Reduction in Share Capital as per the Board For Industrial & Financial Reconstruction (BIFR) Order.

3. Considered and Approved Consolidation of Shares as per Board For Industrial & Financial Reconstruction (BIFR) Order.

4. Considered and Approved Issue of Shares to Promoters in Consideration of Infusion of funds by Promoters.

5. Considered and Approved the shifting of the Registered Office of the Company from Nasik to Tarapur.

6. Considered to hold The Extra Ordinary General Meeting (EOGM) on May 31, 2008 for approving the Scheme under BIFR Order and passing the necessary Resolution(s).

7. The Notice of the Extra Ordinary General Meeting (EOGM) shall be sent separately.

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