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Sagar Cements - Outcome of Board Meeting

Sagar Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 10 2008 has allotted 6,65,000 equity shares to the promoter group against conversion of warrants. With this allotment, the paid-up equity shares of the Company stands increased to 1,40,02,300 of Rs 10/- each aggregating to Rs 14,00,23,000/-.

The Board
has also, inter-alia, re-designated Dr. S Anand Reddy, Executive Director as Joint Managing Director and Shri. S Sreekanth Reddy, Whole-time Director as Executive Director.

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