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Excel Glasses: outcome of board meeting

Excel Glasses Ltd., informed The Bombay Stock Exchange Limited (BSE) that at its board meeting on 28 January 2006, it was decided to allot 624,195 equity shares of INR 10 each fully paid up to The Ind…

Excel Glasses Ltd., informed The Bombay Stock Exchange Limited (BSE) that at its board meeting on 28 January 2006, it was decided to allot 624,195 equity shares of INR 10 each fully paid up to The Industrial Finance Corporation of India (IFCI Ltd.), against the conversion of the funded interest into equity, after complying with the relevant provisions of the Company Act 1956, SEBI guidelines, stock exchange requirements, and requirements of any other laws as applicable. Accordingly, the company allotted 624,195 fully paid up equity shares to IFCI Ltd., on 28 January 2006.

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