Agarwal Industrial Corporation Ltd: Outcome of Board Meeting

With reference to the forfeiture shares which have been forfeited on May 21, 2009 in the Board of Director's Meeting, Agarwal Industrial Corporation Ltd has now informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2011, have decided to Reissue of forfeited shares on premium of Rs. 190/- per share i.e. Re-issue @ Rs. 200/- per share (Rs. 10/- + Rs. 190/- Premium).