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ISMT - Outcome of Board Meeting

ISMT Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2008, inter alia, has transacted the following:

1. Mr. V Balasubramanian, Joint Managing Director of the Company has resigned from the Board with effect from the closing hours of business on April 30, 2008.

2. Mr. Salil Taneja, President (Corporate Strategy & Development) has been redesignated as Joint Managing Director of the Company with effect from April 30, 2008.

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