Ratnamani Metals & Tubes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 19, 2008, inter alia, has transacted the following :

1. Recommended a dividend of Rs 7/- (70%) per Equity Share of Rs 10/- each subject to the approval of shareholders in Annual General Meeting.

2. The Board of Director has also recommended, subject to the approval of the shareholders, to sub-divide the equity shares of face value of Rs 10/- (Rupees Ten) each into 5 equity shares of face value of Rs 2/- each with effect from the Record Date to be determined hereafter.