MMTC Ltd has informed BSE that the Board of Directors have approved on June 30, 2008 seeking consent of Members u/s 372A of Companies Act, 1956 through Postal Ballot pursuant to provisions of Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001, relating to an equity investment proposal.

Further the Company has informed that, the Board of Directors have also fixed July 11, 2008 as CUT OFF DATE for determining the eligibility of the shareholders to vote through. Postal Ballot for the above purpose.