Victory Paper - Outcome Of EGM

Victory Paper & Boards India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 18, 2007, inter alia, by way of Postal Ballot, have accorded to the following special resolutions, with requisite majority;1. Authority to the Board to create, issue / offer and allot 40,00,000 equity shares of Rs 10/- each for cash at par aggregating to Rs 4,00,00,000 to M/s. Victory Press Pvt Ltd., a Victory Group Company on preferential allotment basis and on such terms and conditions and in such a manner as may be decided by the Board in this behalf, subject to necessary provisions & approvals.2. Elected Shri. Moncy Abraham P Pulikkottil House, Garden Bazar, Kunnanikulam as a Director of Small Shareholders of the Company for a period of three years with effect from the date of declaration of the result and who shall not be liable to retire by rotation.