ABC India - Outcome of Board Meeting

ABC India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 24, 2009, inter alia, has taken the following decisions, subject to approval of members at the Annual General Meeting.

1. Authority to the Board of Directors of the Company for issuance of 12,00,000 (Twelve Lakhs) Warrants of Rs 45/- (Rupees Forty Five only) each convertible into 12,00,000 Equity Share of Rs 10/- at a premium of Rs 35/- per share on preferential basis to promoters and persons acting in concert with them, subject to the SEBI Guidelines in this regard.

2. Approved amendment in the Articles of Association of the Company to enable it to decide from time to time, the sifting fee payable to non executive directors subject to the maximum of such sum as may be prescribed under the Companies Act, 1956.

3. Approved amendment in the Articles of Association of the Company to enable it to pay commission to the non-executive directors upto the scale laid down in Section 309(4) and other provisions of the Companies Act, 1956.

4. Approved payment of commission to non-executive directors subject to necessary approvals upto the scale laid downs in Section 309(4) and other provisions of the Companies Act, 1956.