Voltamp Transformers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 08, 2008, inter alia, has approved the followings:

1. Recommended dividend @ 125% (i.e. Rs 12.50 per share) (for the Financial Year ended March 31, 2008).

2. Additional capital expenditure upto Rs 35 crores for creating manufacturing facilities for relocating the existing operations relating to manufacturing of oil filled Distribution Transformers & Dry Type Transformers, at new location at village Vadadla, Tehsil Savali, Dist. Vadodara. This will enhance Company’s manufacturing capacity by 4000 MVA and on its completion the total installed capacity of the Company will increase to 13000 MVA.

3. Appointment of Shri. Vallabh N Madhani as an Additional Director of the Company.