SEL Manufacturing Company Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 23, 2008, inter alia, to transact the following:

1. To amend the existing Article 7 of the Articles of Association of the Company by inserting the following new Article 7A:

7A: The Company shall, subject to the provisions of the Act, compliance with all applicable laws, rules and regulations, have power to issue Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) and / or Foreign Currency Convertible Bonds (FCCBs) and / or any other instrument or securities representing convertible securities convertible into shares of the Company, on such terms and in such manner as the Board deems fit including their conversion and repayment. Such terms may include, at the discretion of the Board limitations on voting by holders of ADRs or GDRs etc., including without limitation, exercise of voting rights in accordance with the directions of the board or otherwise.

2. To create, offer, issue and allot, in the course of an international offering(s), in one or more foreign markets, any securities including Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs), with or without green shoe option, or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc. convertible into equity shares, whether optionally or otherwise or any combination thereof (”Securities?) to such investors including institutions, financial institutions and / or corporate bodies, mutual funds, banks, insurance companies, foreign institutional investors, Trusts and / or individuals or otherwise whether or not such persons / entities / investors are members of the Company, as the Board may, in its sole discretion deem appropriate, by way of circulation of an offering circular or prospectus or by way of private placement memorandum or any offering memorandum or a combination thereof, upto an aggregate amount not exceeding Two Hundred Fifty Million Unites Sates Dollars (US $ 250 Million) (inclusive of such premium as may be determined by the Board and as permitted by the prescribed authorities etc.) to be subscribed in foreign currency(ies). Such issue and allotment shall be made at such time or times in one or more tranche or tranches at such price or prices, at a discount or premium to market price or prices in such manner and / or such terms and conditions as may be decided and deemed appropriate by the Board at the time of such issue or allotment considering the prevalent market conditions and other applicable laws / factors in this regard, subject to necessary provisions & approvals.