Sintex Industries Ltd has informed BSE that the Committee of Board of Directors of the Company at its meeting held on March 12, 2008, has considered & approved the following:

1. Approval for signing of Documentation for closing the FCCB issue.

2. Approval for allotment of 2250 Zero Coupon Unsecured Foreign Currency Convertible Bonds (FCCBs) of US $100,000 each for an aggregate amount of US $ 225,000,000 with a conversion price of INR 580/- and YTM of 5.20%.

The issue was joint lead managed by ICICI Bank UK Plc and Silverdale Services Ltd.