Result of Meeting

29 Jun 2007 12:58

REI Agro Limited29 June 2007 June 29, 2007 The General Manager The Manager (Listing),Department of Corporate Services, National Stock Exchange of India Ltd.Bombay Stock Exchange Limited, Exchange PlazaPhiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E)Dalal Street, Mumbai - 400 001 Mumbai - 400 051 Dear Sir, Sub: Meeting Outcome of Board This is to inform you that the Board of Directors at its meeting held on datehas decided the following. 1. Approved and taken on record the Audited Financial Results for the quarter/ year ended 31st March 2007. 2. Recommended the interim dividend already paid be treated as a final dividend on Equity Shares and also recommended a final dividend @ 4% on the on Non-Convertible Redeemable Preference Shares for the year ended 31st March 2007. 3. Considered in-principle the re-organization of company's business by which it is proposed to separate all three businesses viz. rice processing, power generation and retail business into three different entities and for this purpose a Working Committee has been formed to examine in depth all the relevant issues including statutory and legal requirements and suggest a proposal to the Board about the feasibility of proposed demerger. This is for your information and record please. Thanking you, Yours truly, For REI Agro Ltd. S/d Sandip Jhunjhunwala Managing Director CC - London Stock Exchange Singapore Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange