Provogue India - Outcome Of Board Meeting

Provogue India Ltd has informed that the Board of Directors of the Company at its meeting held on March 03, 2007, has transacted the following.1. The Board of Directors allotted 29,00,000 equity shares of Rs 10 each at a premium of Rs 440/ equity share by way of a preferential allotment 2. The Board of Directors allotted 18,00,000 convertible warrants with an option to convert the warrants in to equity shares within 18 months from the date of allotment to the Promoters of the Company