RAINCALCIN

Rain Calcining Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on May 30, 2007, approved the following : (1) Recommended Dividend @ 10% on the paid up Equity Share capital of the Company i.e. Rs 1/- per Equity Share for the year 2006-2007. (2) Re-appointed Mr. Y. Santosh Kumar Reddy as Executive Director for a period of 5 years with effect from May 30, 2007.

Rain Calcining Ltd has informed the Exchange that at the Board of Directors meeting of the Company held on May 17, 2006, the Board had, based on the financial performance and future prospects of the Company, suo moto considered the payment of dividend to the shareholders. Accordingly, a dividend at 8% on the paid-up equity capital of the Company is recommended, subject to the approvals of the financial institutions/banks and shareholders at the ensuing Annual General Meeting of the Company.