Valuemart Info - Outcome Of Board Meeting

Valuemart Info Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on April 10, 2007, inter alia, have approved the following:1. Holding of Extra Ordinary General Meeting of the Company on May 07, 2007 for obtaining the shareholders approval for preferential issue of 1,00,00,000 equity shares of Rs 2/- each at a premium of Rs 4/- per share.2. Appointed Mr. K H Ramamurthi as a Director and Non-executive Chairman on the Board of the Company.