Sumeet Industries - EGM On Mar 31, 2007

Sumeet Industries Ltd has informed that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on March 31, 2007, inter alia, to transact the following:1. For Capitalization of Credit Balance of the Profit and Loss a/c and / or of General Reserve of the Company by issue of one fully paid Bonus Shares against holding of 10 Shares of the Company by Shareholder as on record date of the Company that may be decided in accordance with the Stock Exchange requirements, subject to necessary provisions and approvals.2. Alteration in the Authorised Share Capital of the Company by cancellation of 50,00,000, 6 % convertible preference shares and simultaneously creating 50,00,000 Equity Shares of Rs 10/- each and further Authorized Share Capital of the Company be and is hereby increased from Rs 25 Crores divided into 2,50,00,000 Equity Shares of Rs 10/- each to Rs 50 Crores divided into 5,00,00,000 Equity Shares of Rs 10/- each and according clause V of the Memorandum of Association of the Company will be altered and new Clause V will read as below.Clause V: The Authorised Capital of the Company is Rs 29,00,00,000 divided into 5,00,00,000 equity shares of Rs 10/- each.