Rasi Electrodes Bonus issue Proposal

Rasi Electrodes Bonus Issue to be considered in the upcoming board meeting, the company in an announcement made to the stock exchanges has said that the board of directors will meet on December 28, 2007 to consider Bonus issue in the ration of 2:5 ( 2 Bonus shares for every 5 equity shares held by the share holders). Located in Chennai, Rasi Electrodes is engaged in manufacturing of MMAW electrodes and marketing welding consumables and also exports its products to Singapore, Middle East countries. Rasi Electrodes Bonus Issue Record date will be announced later after the board meeting.