Man Industries India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2008, inter alia, has transacted the following:

1. Dividend is recommended by the Board of Directors @ 30% to be distributed to the shareholders of the Company.

2. The ESOP Scheme has been approved by the Board of Directors subject to the approval of the shareholders in their meeting.

3. The decision on increase in the authorized share capital of the Company has been deferred to the next meeting of the Board of Directors of the Company.

4. The decision on the further issue of shares under section 81 (1A) of the Companies Act, 1956 has been deferred to the next meeting of the Board of Directors of the Company.

5. The decision on the day, date, time and venue of the Annual General Meeting and the book closure dates has been deferred to the next meeting of the Board of Directors of the Company.