Gemini Communication - Outcome Of Board Meeting

Gemini Communication Ltd has informed that the Board of Directors of the Company at its meeting held on April 27, 2007, has converted 4,50,000 convertible equity warrants of Rs 10/- each at a premium of Rs 335/ per equity warrants into 9,00,000 equity shares of Rs 5/- at a premium of Rs 172.50/- credited as fully paid up in the capital of the Company, to the following applicants:1. R Vijaykumar: 3,00,000 no of shares2. Ravi K Sheth: 3,00,000 no of shares3. Bharat K Sheth: 3,00,000 no of shares