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| Exchange Disseminated Time | Asahi India Glass Ltd has informed BSE that the Board of Directors of the Company in its meeting held on September 11, 2004 has approved the redemption of 79,51,724 10% cumulative redeemable preference shares of Rs 10/- on September 23, 2004, together with payment of dividend @ 10% thereon, payable on pro-rata basis for the period from April 1, 2004 to September 23, 2004.
The Company will accordingly, redeem the preference shares and remit the nominal value of preference shares alongwith the dividend before the redemption date.
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