Kaashyap Technologies - Outcome Of Board Meeting

Kaashyap Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on June 21, 2007 has considered, decided and taken decision on the following subjects:1. The earlier decision of allotment of equity shares on preferential basis was modified on fixation of price. 4 Crores equity shares of Re 1/- each will be allotted on Preferential basis at the price of Rs 4 per share for the amount upto Rs 16 crores, after obtaining consent of shareholders and all other statutory authorities, to the following persons / entities.1. Mrs. Usha Venkatramani (Promoter): 75,00,000 shares2. Mr. A Ganesan (Director): 25,00,000 shares3. Mrs. Revathi: 25,00,000 shares4. Mr. Rajeev Agarwal: 25,00,000 shares5. M/s Real Fintech P Ltd: 50,00,000 shares