Allianz Capital - Outcome Of Board Meeting

Allianz Capital & Management Services Ltd has informed that the Board of Directors of the Company at its meeting held on February 13, 2007, inter alia, has considered and approved the following:1. Issuance of 2825000 Equity Shares at a price of Rs 37.28 per Equity Shares of the Company to Mr. Navjeet Singh Sobti, one of the promoters of the Company, in accordance with the Guidelines / Regulations prescribed by the Securities And Exchange Board of India and Listing Agreement/s entered into by the Company with the Stock Exchanges where the shares of the Company are listed, and subject to the consent of the shareholders of the Company in the General Meeting and approval of Securities and Exchange Board of India, and all other appropriate authorities and departments.2. Calling of an Extra Ordinary General Meeting of the Company on March 13, 2007, inter alia, to consider and approve the Preferential Allotment of the Equity Shares as above; and3. Revocation of the merger proposal of M/s. Innovative Money Matters Pvt Ltd with the Company, as was earlier in-principle approved by the Board of Directors of the Company at its meeting held on December 19, 2006.4. Approval to the proposed carrying out of the Postal Ballot under Section 192A read with Section 372-A of the Companies Act, 1956., for making investment / subscribing to the shares in other Group Companies.