Punj Lloyd - Outcome Of EGM

Punj Lloyd Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 06, 2007, inter alia, have passed the following, with requisite majority:1. Re-organisation of equity share capital of the Company by splitting the existing shares of Rs 10/- each into 5 equity shares of Rs 2/- each.2. Raising of further funds inter-alia through placements of shares not exceeding1,75,00,000 of Rs 2/- each with Qualified Institutional Buyers (QIBs).3. Issue of warrants not exceeding 80,00,000 with each warrant carrying a right to subscribe to equal no. of equity shares of the Company.