The Board of Directors of Rain Commodities Ltd at its meeting held on May 13, 2013, has approved the name change. The Company and its subsidiaries are engaged in the business of manufacturing and trading of Calcined Petroleum Coke, Carbon Pitch, Chemicals, Cement and also generation of Electricity. As the Company and its subsidiaries are engaged in multiple products, the Board of Directors have approved change of name of the Company from Rain Commodities Limited to Rain Industries Limited to reflect the businesses being carried on by the Company and its Subsidiary Companies. The change of name of the Company is subject to the approval of the shareholders of the Company through Postal Ballot pursuant to Section 21 and 192A and other applicable provisions, if any of the Companies Act, 1956 and other regulatory approvals. Shares of Rain Commodities Ltd was last trading in BSE at Rs.44.70, down by Rs.2.95 or 6.19%. The stock hit an intraday high of Rs.48 and low of Rs.44. The total traded quantity was 19.31 lakhs compared to two week average of 2.26 lakhs.

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