INOX Leisure - Outcome Of EGM

INOX Leisure Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 04, 2007, inter alia, have authorised the Board of Directors of the Company to reserve 500,000 shares of the Paid - up Equity Share Capital of the Company, currently held by the Inox Leisure Ltd - Employees Welfare Trust (Trust), in the name of a trustee of the Trust, formed for the purpose of benefit of the employees and Directors of the Company, to offer and issue at any time to or to the benefit of such person(s) who are in permanent employment of the Company, including any Director of the Company, whether whole time or otherwise, Equity shares of the Company, of a face value of Rs 10 each fully paid-up on payment of the requisite exercise price to the Trust, under the ILL - Employee Stock Option Scheme 2006 (New Scheme), in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant authorities, subject to necessary provisions & approvals.