Citurgia Biochemicals - Outcome Of Board Meeting

Citurgia Biochemicals Ltd has informed that the Board of Directors of the Company at its meeting held on June 29, 2007, inter alia, has taken following decisions:1. As per the directions of the Honble BIFR by Order dated January 12, 2007, the Board decided to allot 62,50,000 Equity Shares of Rs 10/- each of the Company to the Co-Promoter M/s. Elite Capital and Management Services Ltd and their Associates. The details of allotment are as under:(a) Name of the Allottee: Elite Capital & Management Services Ltd- No of shares allotted: 10,000- Nominal Value of the share: Rs 10/- each- Amount receive & credited to share application / allotment money A/c to be transferred to share capital Account: Rs 1,00,000(b) Name of the Allottee: Gandharva Holdings Ltd- No of shares allotted: 15,30,000- Nominal Value of the share: RS 10/- each- Amount receive & credited to share application / allotment money A/c to be transferred to share capital Account: 1,53,00,000(c) Name of the Allottee: Gems Infotech Solutions Ltd- No of shares allotted: 15,20,000- Nominal Value of the share: Rs 10/- each - Amount receive & credited to share application / allotment money A/c to be transferred to share capital Account: 1,52,00,000(c) Name of the Allottee: Sateye Sheel Engineers & Miners Pvt ltd- No of shares allotted: 31,90,000- Nominal Value of the share: Rs 10/- each- Amount receive & credited to share application / allotment money A/c to be transferred to share capital Account: 3,19,00,000