Tayo Rolls - Right Issue

Tayo Rolls Ltd has informed the market that a meeting of the Committee of Board - Rights Issue of the Company will be held on September 26, 2008, inter alia, to consider the following:

1. To consider and approve the swap ratio for the Rights Issue of Equity Shares (not exceeding Rs 60.34 crores).

2. To fix the premium per Equity Share for the Rights Issue.

3. To fix the record date for ascertaining the names of members who will be entitled to the Equity Shares issued pursuant to the Rights Issue.