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Ruchi Strips - Outcome of Board Meeting

Ruchi Strips & Alloys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2008, inter alia, have transacted the following businesses:

1. Shri. Navin Khandelwal was appointed as Additional Director on the Board.

2. Shri. Manish Jain was appointed as Additional Director on the Board.

3. Shri. Suneet Shukla was appointed as Nominee Director of IFCI Ltd in place of Shri. R P Singh.

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