Shree Renuka approves stock split

Shree Renuka Sugars Ltd has informed that the Board of Directors of the Company at its meeting held on January 23, 2008, inter alia, has considered the following:

1. Approved stock-split / sub-division of the face value of the equity shares of Rs 10/- (Rupees Ten only) each into equity shares of face value of Re 1/- (Rupee One only) each, subject to approval of shareholders through postal ballot.

2. Approved increase in the borrowing powers of the board and creation of Charges upto a limit of Rs 2400 crores.

3. Approved seeking members approval For the above proposals by way of Postal Ballot pursuant to Section 192A of the Companies Act, 1956.