AIA Engineering EGM updates

AIA Engineering Ltd has informed that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on November 28, 2006, have authorised the Board to create, offer, issue and allot on behalf of the Company, Equity Shares or any such instrument convertible into Equity Shares or giving the holder a right to subscribe to Equity Shares including fully / partly convertible debentures, bonds, warrants, whether attached to other securities or otherwise or any other securities subscribed to by Investors or Qualified Institutional Buyers (Securities) whether secured by way of charge on the assets of the company or unsecured as may be decided by the Board; whether or not such Investors or Qualified Institutional Buyers are members of the Company; up to an aggregate amount not exceeding Rs 150 Crores, at a price which is not lower than the price to be determined in accordance with the relevant applicable guidelines in this behalf, out of the unissued Authorised Share Capital of the Company, subject to necessary provisions and approvals.