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Announcement re: Rights Issue

10th Sep 2009 09:12

RNS Number : 8317Y

REI Agro Limited

10 September 2009

September 9, 2009

The General Manager

Department of Corporate Services,

Bombay Stock Exchange Limited,

Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai - 400 001

The Asst. Vice President

National Stock Exchange of India Ltd.

Exchange Plaza

Bandra Kurla Complex, Bandra (E)

Mumbai - 400 051

Dear Sir,

Sub: Outcome of Board Meeting

This is to inform you that the Board of Directors of the Company at its meeting held on 9th September 2009 at its Corporate Office: 58A/1, Sainik Farm, New Delhi- 110062 have approved

1. Issue of right shares (equity shares) to existing shareholders of the company up to Rs. 1500 Crores.

2. Constitution of committee of Directors to approve Draft Letter of Offer, to decide the ratio and pricing of the issue and to take any other decisions with reference to the above on behalf of the Board of Directors, comprising Mr. Sandip Jhunjhunwala, Managing Director, Mr. A. Chatterjee, Director and Mr. Mandan Mishra, Company Secretary of the company (the "Committee")

This is for your information and record.

Thanking you.

Yours faithfully,

For REI Agro Limited

Mandan Mishra

Company Secretary

cc:- London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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