Rain Calcining Ltd has informed BSE that the Board of Directors of Rain Commodities
Ltd (Transferee Company) at their meeting held on December 06, 2007, fixed January 02, 2008 as the Record Date for determining the Shareholders of Rain Calcining Ltd (Transferor Company / the Company) entitled for allotment of Equity shares of Rain Commodities Ltd in the ratio of 2:7 i.e., 2(Two) fully paid up Equity Shares of Rain Commodities Ltd shall be allotted for every 7(Seven) fully paid up Equity Shares held in the Company in terms of Scheme of Arrangement and consequent to the Amalgamation of the Company with Rain Commodities Ltd.