Insilco - Updates

Insilco Ltd has informed BSE that the holders of Zero Interest Secured Redeemable Non Convertible Debentures and Shareholders of the Company in their respective Extraordinary General Meeting and Annual General Meeting held on October 26, 2007 approved the compulsory redemption of 12,00,000 Zero Interest Secured Redeemable Non Convertible Debenture of Rs 150/- each at a discount of Rs 28/- each aggregating to Rs 14,64,00,000 (Fourteen Crore Sixty Four Lacs only) for cash on the record date to be fixed by Board of Directors for the said purpose.