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Gujarat Toolroom Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the following resolution :

1. Alteration of Clause III (A) of the Memorandum & Articles of Association of the Company relating to the Main Objects Clause by deleting existing Clause A-1 & 2 setout therein and inserting the following new Clause A-1 to 3 in substitution therefore :

“[A]. The main objects of the Company to be pursued by the Company are :

1. To carry on the business of ginners, spinners, weavers, manufacturers, knitters, crimpers, texturisers, twisters, sizers, dyers, bleachers, printers, processors, packers and bakers of cotton, jute, hemp silk, art silk, rayon, nylon, strechlon, polyester, polypropylene man-made synthetic fibers, staple fibers, wool and any other fibrous wool and any other fibrous materials and generally the business of manufacturing, spinning, knitting, waving, texturing, twisting, crimping, sizing, dyeing, bleaching, printing, finishing packing and selling of yarn of all types, cloth of all types, linen and fabrics of all types and importing, exporting, buying, selling and / or otherwise dealing in cotton, jute, hemp, silk, art silk, rayon, strechlon, polyester, viscose, polypropylene, man-made synthetic fibers, wool and other fibrous materials, yarn, cloth, linen and fabrics and generally to carry on the business of cloth merchants, yarn merchants, fiber merchants, importers, exporters, manufacturers, purchasers and sellers.

2. To carry on the business of buying, selling, manufacturing, ginning, byeinq, bleaching, cleaning, pressing and packing of wastes cotton, linen, silk, jute, hemp, flax, polyester, nylon, strechlon and other fibrous materials and things capable of being used for dyeing, bleaching and processing and to buy or sell or otherwise deal in all such goods whether treated or processed by company or not and to engage in any business relating to the use or disposal of any products of the Company.

3. To carry on the business of manufacturing, buying, selling, exchanging, converting, importing, exporting, processing, twisting, texturing, crimping, dyeing, sizing, handling or dealing in Pre oriented yarn, rayon filament yarn, Polyester filament yarn, Nylon filament yarn, Acrylic filament yarn, Polypropylene filament yarn or other allied products, bye-products or substances or substitutes for all or any of the yarn for Textiles or other use as may be practicable or deemed expedient

B. Authority to the Board to sell, lease or otherwise dispose of the whole or substantially the whole, of the undertaking of the Company and to deal, negotiate and dispose of the undertaking of the Company relating to manufacturing and marketing of plastic injection moulds / dies situated at Ahmedabad as a going concern for a consideration as may be agreed upon by the Board on remuneration, terms and conditions, subject to necessary provision and approvals.

Gujarat Toolroom Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:

1. To alter the Main Objects of Memorandum of Association of the Company by deleting existing clause A-1 & 2 and inserting the following new clause A-1 to 3 substitution therefore:

A. The main objects of the Company to be pursued by the Company are:

1. To carry on the business of ginners, spinners, weavers, manufactures, knitters, crimers, texturisers, twisters, sizers, dyers, bleachers, printers, processors, packers and bakers of cotton, jute, hemp silk, art silk, rayon, nylon, stretching, polyster, polypropylene man-made synthetic fibers, staple fibers wool and any other fibrous wool and any other fibrous materials and generally the business of manufacturing, spinning, knitting, waving, texturing, crimping, sizing, dyeing, bleaching, printing, finishing packing and selling and / or otherwise dealing in cotton, jute, hemp, silk, artslik, rayon, strechion, polyster, viscose, polypropylene, man-made synthetic fibers, wool and other fibrous materials, yarn, cloth, listen and fibrics and generally to carry on the business of cloth merchants, yarn merchants, fiber merchants, importers, exporters, manufactures, purchasers and sellers.

2. To carry on the business of buying, selling, manufacturing, ginning, byeing, bleaching, cleaning, pressing and packaging of wastes cotton, linen, silk, jute, hemp, flax, polyster, nylon, strechlon and other fibrous materials and things capable of being used to dying, bleaching and processing and to buy or sell or otherwise deal in all such goods whether treated or processed by Company to or not and to engage in any business relating to the use or disposal of any products of the Company.

3. To carry on the business of manufacturing, buying, selling, exchanging, converting, importing, exporting, processing, twisting, texturing, crimping, dyeing, sizing, handling or dealing in Pre oriented yarn, rayon filament yarn, Polyster filament yarn, Nylon filament yarn, Acrylic filament yarn, Polypropylene filament yarn or other allied products, bye-products or substances or substitutes for all or any of the yarn for Textiles or other use as may be practicable or deemed expedient.

2. To sell, lease or otherwise dispose of the whole or substantially the whole, of the manufacturing and marketing of plastic injection moulds / dies situated at Ahmedabad as a going concern for a consideration as may be agreed upon by the Board on such terms and condition, as may be deemed fit by the Board in the best interest of the Company, subject to necessary provisions & approvals.

The Company has appointed Mr. Mukesh H Shah, Practicing Company Secretary, Ahmedabad as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer on or before the close of working hours on April 17, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced April 22, 2008.

Gujarat Toolroom Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 12, 2008, inter alia, has approved and decided to conduct the following business:

1. To conduct Postal Ballot for amendment in the main object clause and altered the Memorandum of Association of the Company by deleting existing Clause A-1 & 2 setout therein and inserting new Clause A-1 to 3 in substitution therefore.

2. To conduct postal ballot to sell, lease or otherwise dispose of the whole or substantially of the whole, of the undertaking of the Company.

3. Mr. Mukesh H Shah, Practicing Company Secretary, Ahmedabad has appointed as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.