Cinerad Communications Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 21, 2008, inter alia, to consider the following proposals:

1. Proposal to raise resources for the growth of the Company through organic and inorganic routes by way of fresh issue of equity shares / convertible debentures / Equity
share warrants etc or any combination thereof to Promoters, Domestic Investors, Institutional Buyers, Mutual Funds, Banks, Insurance Companies, FIIs, NRIs & Corporate Bodies etc on preferential allotment basis in compliance with Chapter XIII of the SEBI (Disclosure and Investor protection Guidelines) 2000 and subsequent amendments thereto.

2. To consider the increase in the authorized share capital of the Company from Rs 1000 Lacs to Rs 1500 Lacs.

3. To consider the amendment in capital clause of the Article of Association of the Company.