Vijay Shanthi - Outcome Of Board Meeting

Vijay Shanthi Builders Ltd has informed that the Board of Directors of the Company at its meeting held on March 31, 2007 has resolved the following:1. To make preferential issue of 4500000 warrants with an option to convert in to equity shares at a future date, not exceeding 18 months from the date of issue. Such warrants shall be convened in to equity shares at a ratio of 1 equity share per warrant at a price to be determined under SEBI guidelines in this regard, either in one or more installments but not exceeding 18 months from the date of allotment of such warrants.2. Increasing borrowing power of the Company from Rs 100 crores presently to Rs 200 Crores. 3. Convene EGM of the Company to he held on May 07, 2007 for seeking members approval for both the above resolution.