Safari Industries - EGM On Feb 28, 2007

Safari Industries India Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 28, 2007, to offer, issue and allot 3,90,000 Equity Shares of the face value of Rs 10/- each for cash at a price of Rs 35/- per share (including a premium of Rs 25/- per share) being the price which is in accordance with the guidelines for Preferential issues contained in Chapter XIII of the SEBI (Disclosure & Investor Protection) Guidelines 2000, as mentioned aggregating to Rs 1,36,50,000/- to the persons mentions below on a preferential allotment basis:1. Mr. Jagdish N Sheth (NRI)- 1,95,000 No of equity shares2. Mr. Shailesh J Mehta (NRI)- 1,95,000 No of equity shares