Cubex Tubings

Cubex Tubings Ltd has informed that the Board of Directors of the Company at its meeting held on September 22, 2007, inter alia, has decided the following:

1. Convert 11,70,000 Share warrants in to 11,70,000 Equity shares of Rs 10/- each at a Premium of Rs 38/- per share allotted to the Promoters & the persons other than Promoters.

2. Mr. Vinod Chand Bothra, Director of the Company submitted his resignation to the Board and the Board of Directors accepted the resignation and placed appreciation for the services during the tenure.