Neha International - Outcome Of Board Meeting

Neha International Ltd has informed that the Board of Directors of the Company at its meeting held on March 21, 2007, has considered the following:1. Consequent to sanction of scheme of reduction of share capital By Honble High Court of Andhra Pradesh, the share capital of the Company reduced from Rs 6,16,34,000 (divided into 6163400 shares of Rs 10/- each) by 60% to Rs 2,46,53,600 (divided into 24,65,360 shares of Rs 10/- each). The old share certificates were cancelled and new share certificates issued to the eligible shareholders.2. The new shares issued upon reduction will be listed in all the Stock Exchanges in which the shares are originally / already listed.