Manappuram General - Outcome Of Board Meeting

Manappuram General Finance & Leasing Ltd has informed that the Board of Directors of the Company at its meeting held on May 26, 2007, has taken the following decisions:1. To increase the Authorised Capital of the Company to Rs 80 Crores comprising 28 croreequity capital (including the existing equity capital) and 52 crore preference shares(including the existing redeemable preference capital).2. To make a preferential issue of 46,80,000 compulsorily convertible preference shares of Rs 100 each to the following persons:a. Hudson Equity Holdings Ltd, Port Louis Mauritiusb. Sequoia Capital India Investment Holding I, Port Louis Mauritius3. To convene an extra ordinary general meeting of the members of the Company on June 23, 2007, to place the above proposals before members.