Dhanalakshmi Bank Rights Issue

Dhanalakshmi Bank Ltd has informed that a meeting of the Board of Directors of the Bank will be held on January 14, 2008, inter alia, to transact the following business:

1. To approve the quantum of fund to be raised by rights issue of shares.

2. To fix the price per share.

3. To approve the ratio.

4. To fix the record date for the purpose of determining the name of share holders who are entitled to receive the letter of offer to participate in the rights issue.

5. To finalise the basis of allotment.

6. To take on record the observations received from the Securities and Exchange Board of India (SEBI) on the draft Letter of Offer filed by the Bank with SEBI in relation to the rights issue.

7. To fix the schedule for all the activities in relation to the rights issue.