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Indo Amines - Outcome of Board Meeting

Indo Amines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 31, 2008, inter alia, has allotted 3,75,000 convertible warrants be converted into equity shares of Rs 10/- each at a price of Rs 13/- including premium of Rs 3/- per share at cash to following allottees namely:

1. Name of the Allottee : Versatile Chemicals Ltd
- Number of Shares : 2,75,000

2. Name of the Allottee : Marvel Indenting Pvt Ltd
- Number of Shares : 1,00,000.

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