Hinduja Foundries Ltd: Outcome of Committee Meeting

Hinduja Foundries Ltd has informed BSE that the Committee of the Board of Directors in its meeting held on May 27, 2011, has decided to raise further capital by way of issue of 1,66,63,812 Equity shares of Rs. 10/- each at a premium of Rs. 65/- aggregating to Rs. 124.98 crores to the existing shareholders on Rights basis in the ratio of 29 equity shares for every 50 equity shares presently held, subject to the approval of the shareholders.