Mahalaxmi Rubtech - Board Meeting on Oct 31, 2009

Mahalaxmi Rubtech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2009, inter alia, to consider following:

1. Consideration of Un-audited statement of accounts for the quarter ended on September 30, 2009.

2. To forfeit 1200000 convertible warrants issued on preferential basis on February 25, 2008, as the right of conversion in to equity shares has not been exercised by the warrant holders within 18 months from the date of allotment as per the provisions of SEBI (DIP) Guidelines 2000 and to review the business activities of the Company.