Shiva Cement - Outcome of EGM

Shiva Cement Ltd has informed that the shareholders at the Extra-Ordinary General Meeting (EGM) of the Company held on May 18, 2007, have approved the followings:1. Increase in Authorised Share Capital from Rs 2800 lakhs to Rs 4000 lakhs divided into19,25,00,000 Equity Shares of Rs 2/- each and 75,00,000 preference shares of Rs 2/- each.2. Issue of 1,45,00,000 Equity Shares of Rs 2/- each at a premium of Rs 9.00 per share to ACC Ltd, in terms of SEBI Preferential Issue Guidelines.3. Issue of upto 2,27,00,000 Equity Share Warrants of Rs 2/- each at a premium of Rs 9.00 per warrant to ACC Ltd and 30,00,000 Equity share Warrants to domestic strategic Investor in terms of SEBI Preferential Issue Guidelines.