Bihar Tubes Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 16, 2008, inter alia, to consider the following businesses:

1. To consider and evaluate the various fund raising options such as Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) and / Foreign Currency Convertible Bonds (FCCB’s) and / or Fully Convertible Debentures (FCDs) or any other convertible securities and / or securities linked to equity shares and / or any other instruments or securities through the QIB / Private Placement route or Institutional Debts from domestic or international markets and / or any combination thereof for the proposed expansion plans and modernization of existing manufacturing facilities of the Company.

2. To consider the reconstruction of Board of Directors and committees thereof.