SBEC Sugar - Outcome of Board Meeting

SBEC Sugar Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 08, 2007, has decided to submit special resolutions for seeking approval of members, for alteration in the Other Objects Clause of the Memorandum of Association of the Company by inserting the new sub-clause 115 immediately after the existing sub-clause 114 in paragraph III C of the Memorandum of Association of the Company & Commencement of new business covered 115 of other object respectively through the process of Postal Ballot.