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Outcome of Board Meeting
31 January 2007

Best & Crompton Engineering Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2007, inter alia, has considered and approved the following:

      1. As new business initiatives, the Company through special           purpose vehicles (SPVs) is setting up: i. I.T. Park (approximately           2 Million / Sq.ft.) at Ambattur in the existing Industrial Plot. ii.           Garment Manufacturing facility at Arakkonam in the Factory           facility recently acquired by the Company.

      2. Mr. P N Devarajan, Mr S V Venkatesan - hitherto an Alternate           Director and Mr. N Srinivasim have been appointed as the           Directors of the Company with effect from January 31, 2007.

      3. The resignations of Mr. M Arunachalam, Director and Mr. A           Nageswaran, Alternate Director, were accepted.