Modison Metals Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on April 28, 2008, inter alia, had approved the following:

1. Appointment of Mr. R A Goenka & Mr. Anil Lohia as additional Directors of the Company.

2. Appointment of Mr. Ranjan Dasgupta, Chairman & Director of the Company as a Consultant of the Company.

3. To call Extraordinary General Meeting of the Company on June 09, 2008 for approving professional charges payable to Mr. Ranjan Dasgupta, Chairman and Director of the Company, as a consultant subject to approval of Central Government, and to increase Sitting Fees within the specified maximum limit as prescribed by the Companies Act, 1956.

4. Reconstitution of Audit Committee - Mr. Ranjan Dasgupta, Chairman of Audit Committee resigned, and Mr. Shravan Sharma was appointed Chairman of the Audit Committee and Mr. Anil Lohia appointed as a Member of the Audit Committee.

5. Reconstitution of Remuneration Committee - Mr. Ranjan Dasgupta, Chairman of Remuneration Committee resigned, and Mr. Shravan Sharma was appointed Chairman of the Remuneration Committee and Mr. Anil Lohia appointed as a Member of the Remuneration Committee.

6. The Company has decided to set up Joint Venture at Congo for extraction of Lead from life expired Batteries. The Board authorised the Company to make investment upto Rs 4 Crore in Joint Venture via SPV or directly.