Triveni Engineering board meeting outcome

Triveni Engineering & Industries Ltd has informed that the Board of Directors of the Company at its meeting held October 24, 2007, has decided to seek approval of the shareholders at a general meeting for issuance of securities upto an amount not exceeding Rs 250 crores (Rupees Two hundred fifty crores only) in the aggregate including premium by way of equity shares, equity shares through depository receipts, preference shares or any other equity or quasi-equity financial instruments or a combination thereof through public issue or private placement (including placement with QIBs) in accordance with SEBI guidelines and other applicable laws and guidelines, to meet requirements of funds for working capital, building capabilities for existing and new lines of businesses; for meeting further capital expenditure; repayment of certain high cost debts etc.