BHEL - Outcome Of Board Meeting

Bharat Heavy Electricals Ltd (BHEL) has informed that the Board of Directors of the Company at its meeting held on March 09, 2007 & March 10, 2007, has decided to convene an Extra Ordinary General Meeting (EGM) of the Company on April 30, 2007, to seek approval of the shareholders for increase in the Authorised Share Capital of the Company from Rs 325,00,00,000 dividend into 32,50,00,000 Equity Shares of Rs 10/- each to Rs 2000,00,00,000 divided into 200,00,00,000 Equity Shares of Rs 10/- each.Further the Company has informed that, the Board of Directors of the Company in its same meeting also proposed to alter its Articles of Association to provide for provision for capitalisation of reserves so as to issue bonus shares to its shareholders.