Emco Limited has announced that the bid closing date for the proposed issue of Equity Shares of the Compay under Chapter XIII A - Qualified Institutional Placement is fixed at October 23, 2006. Further, Company has approved issue of 2,000,000 (Twenty Lac) Equity Shares of Rs.10/- each pursuant to the issue, at an issue price of Rs.600/- per Equity Share aggregating to an issue size of Rs.1,200 million (Rupees Twelve Hundred Million). The issue price of Rs.600/- is above the floor price calculated in accordance with the SEBI Guidelines.