Gemini Communication - EGM On Mar 30, 2007

Gemini Communication Ltd has informed that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on March 30, 2007, inter alia, to transact the following:. For capitalization of a sum not exceeding Rs 4,38,40,000 from the accumulated profits and accordingly the said sum be capitalized and distributed amongst the holders of the existing equity shares of the Company, whose names stand on the Register of Members / Beneficial Owners on such date as may be fixed by the Board of Directors in that behalf as the Record Date, on the footing that they become entitled thereto as capital and not as income and the same be not paid in cash but be applied on behalf of such shareholders as aforesaid in paying up in full at par 87,68,000 new Equity shares of Rs 5/- each to be allotted, distributed and credited as fully paid-up amongst the said shareholders in the proportion of one new equity share for every existing equity share held by them, subject to necessary provisions & approvals.