Kamla Dials & Devices Ltd has announced that the Board of Directors of the Company at its meeting held on August 18, 2006, inter alia, has decided to issue shares on Rights Basis in the Ratio of 2:3 (i.e. two shares for every three shares held) at a price of Rs 22/- (i.e. a premium of Rs 12/- per equity share of Rs 10/- each), subject to such approvals as are required.