Mysore Petro - Updates

Mysore Petro Chemicals Ltd has informed BSE that the Company was in the process of issuing 10,00,000 warrants to M/s. Pentafour Commercial Pvt. Ltd (7,00,000 warrants) and M/s. Vindhyachal Mercantile Pvt. Ltd (3,00,000 warrants) of Rs 26/- per warrant and had obtained approval of the shareholders at the Annual General Meeting held on June 20, 2009.

However the aforesaid investors have informed that they are not in a position to subscribe to the said warrants due to certain exigency and requirement of funds at their end.

Therefore the Company is not able to allot the warrants to the aforesaid investors and hence the proposal to raise funds by issue of the said warrants is cancelled.