Rishabhdev Technocable - Outcome of Board Meeting

Rishabhdev Technocable Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has accorded to issue and allot 4,085,000 global depositary receipts representing 8,170,000 equity shares of par value of Rs. 10 each, at an offer price of US$ 0.8564 per global depositary receipt to Deutsche Bank Trust Company Americas. The global depositary receipts shall be listed on the Luxemberg Stock Exchange subject to the terms specified in the Offering Circular dated October 30, 2009.