Brushman India - Outcome Of EGM

Brushman India Ltd has informed that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on February 28, 2007, inter alia, have accorded to the following:1. Increase the authorized share capital of the Company from Rs 11,00,00,000 divided into 1,10,00,000 equity shares of Rs 10/- each to Rs 20,00,00,000/- divided into 2,00,00,000 equity shares of Rs 10 /- each and consequential amendments in the Memorandum and Articles of Association of the Company.2. Authority to the Board to purchase the premises Naraina Industrial Area, New Delhi from its current owner M/s. Omega Brushwares, at Rs 3,25,07,300 based on valuation report dt. February 24, 2007 by approved Government valuer i.e. M/s. S K Wadhwa & Associates.