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Outcome of Board Meeting

| Updated on September 28, 2011 Published on September 28, 2011

Neha International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 28, 2011, inter alia, has approved the following:

1. Allotment of 18,50,000 Equity shares of Rs. 10 each at a premium of Rs. 45 per share to Promoter group company by conversion of warrants issued on preferential basis on March 29, 2010 subsequent to receipt of 100% subscription amount.

2. Allotment of 15,11,000 Equity shares of Rs 10 each at a premium of Rs 45 per share to others (Non-promoters) by conversion of warrants issued on preferential basis on March 29, 2010 subsequent to receipt of 100% subscription amount.

3. Allotment of 66,250 Equity shares to the employees of the Company who have exercised their options as per Neha ESOP 2007.

Source : BSE - >www.bseindia.com

Published on September 28, 2011
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