Article: MYSORE CEMENTS ANNOUNCES OUTCOME OF BOARD MEETING

Report from the India Press Release brought to you by the Hindustan Times

MUMBAI, India, Oct 19 -- The Bombay Stock Exchange of India made the following corporate announcement:

Mysore Cements Ltd., has informed BSE that the Board of Directors of the Company at its meeting held on October 19, 2006, inter alia, has:

1. Noted the withdrawal by the institutions of undernoted nominee Directors consequent to the repayment of their dues:

Mr. A. Ghosh, (nominee of Industrial Development Bank of India Ltd.)

Mr. N.K. Balaram, (nominee of ICICI Bank Ltd.) and

Mr. S.K. Mandal, (nominee of IFCI Ltd.)

2. Appointed the undernoted gentlemen as Additional Directors, who shall be regarded as Independent ...

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