Satra Properties - Outcome Of EGM

Satra Properties India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 20, 2007, inter alia, have unanimously passed the following resolutions:1. Increased the Authorized Share Capital from Rs 20 crores to Rs 40 crores and alteration of Memorandum of Association.2. Approved the consequential amendment to the Articles of Association.3. Approved the issue of 2,50,000 equity shares on preferential basis to the persons mentioned in the Notice, subject to other statutory approvals as may be required.4. Authorized the Board of Directors to issue shares to Qualified Institutional Buyers on preferential basis for an amount not exceeding Rs 5,00,00,00,000/-.