RAINCALCIN

Rain Calcining Ltd has informed the Exchange that: "On October 25, 2007, Hon'ble High Court of Andhra Pradesh passed the order approving the Scheme of Arrangement consisting of the following: (a) Amalgamation of Rain Calcining Limited with Rain Commodities Limited with effect from April 1, 2007; (b) Transfer of Calcined Petroleum Coke (CPC) and Power Business from Rain Commodities Limited to Rain Industries Limited with effect from April 1, 2007; and (c) Transfer of Cement Business from Rain Industries Limited to Rain Commodities Limited with effect from July 1, 2006. The Board of Directors of

Rain Calcining Ltd has informed the Exchange that: "The Board of Directors of the Company at their meeting held on Tuesday the 20th March, 2007, interalia, reviewed the reports on share exchange ratio submitted by two Independent professional valuers Ernst & Young and Grant Thornton and approved the following: 1) Share exchange ratio of 2:7 i.e., Two Equity Shares of Rain Commodities Limited will be allotted for every Seven Equity Shares held by the Shareholders in Rain Calcining Limited as on the Record date that will be fixed consequent to the approval of the Scheme by the Hon'ble High Court

Rain Calcining Ltd has informed the Exchange on February 07, 2007 that "The Board of Directors of the Company at their meeting held today have decided the following:- (1) Merge the Company with Rain Commodities Limited ("RCOL") with effect from April 1, 2007 ('the Appointed Date'), to achieve the following objectives: (a) To integrate the Calcined Petroleum Coke ("CPC") business of the Company, with the CPC business of GLC Carbon (USA) Inc., proposed to be acquired by Rain Commodities (USA) Inc., a Wholly Owned Subsidiary of ROCL (as informed by ROCL to the Bombay Stock Exchange on February 5,

Rain Calcining Ltd has informed the Exchange that the BoDs of the Company at their meeting held on October 20, 2006 have considered various options for Restructuring of the Company and were of the opinion that they need further examination.