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Artefact Projects - Outcome of Board Meeting

Artefact Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2008, inter alia, has considered the following:

1. Recorded the disclosure of Interest on agreements and contracts made by Directors under section 299(3) of the Companies Act, 1956 for the financial year 2008 - 2009 as given by all the Directors.

2. The Board also discussed the business progress and order booking position of the Company.

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