Revised Outcome of Board Meeting

With reference to the earlier announcement regarding Outcome of Board Meeting held on January 03, 2011, MVL Industries Ltd has now informed BSE that, in the said announcement the name of M/s. MVL Credits Holdings & Leasing Ltd. was inadvertently included in the list of allottees. Following is the revised list of allottees who fall under in the Promoter and Promoter category of the Company.

1. Name of Allottee: M/s. Anukool Films Pvt. Ltd.
- No. of Shares: 550000

2. Name of Allottee: Mr. Prem Adip Rishi
- No. of Shares: 130000

3. Name of Allottee: Mr. Anukool Rishi
- No. of Shares: 170000

4. Name of Allottee: Mr. Arjun Rishi
- No. of Shares: 100000

5. Name of Allottee: Ms. Anuradha Rishi
- No. of Shares: 150000.