23rd-Sep-2008 19:29Source: BSE

Tudor India - Outcome of Board Meeting

Tudor India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 23, 2008, inter alia, has transacted the following: 1. Taken on record and approved the proposal received from CMP Batteries Ltd, the promoter of the Company, vide its letter dated September 18, 2008 to initiate voluntary delisting of the equity shares of the Company from the Bombay Stock Exchange in accordance with the provisions of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003, as amended ("Delisting Guidelines"), subject to the approval of the shareholders of the Company, compliance with the applicable law and receipt of all regulatory approvals as may be required as per the applicable law, including, without limitation, approval from the Reserve Bank of India and Foreign Investment Promotion Board of India. 2. Decided that the above matter will be placed before the shareholders for consideration and consent at the Extra-ordinary General Meeting which has been convened on October 27, 2008. 3. Approved the draft Notice convening the Extra-ordinary General Meeting which has been convened on October 27, 2008 and the explanatory statement to be sent to the shareholders along with the said Notice.