Neha International - Outcome Of Board Meeting

Neha International Ltd has informed that the Board of Directors of the Company at its meeting held on June 28, 2007, inter alia, has considered and approved the following:1. Allotment of 17,00,000 equity shares of Rs 10/- each at a premium of Rs 15/- each on preferential basis to persons other than promoters.2. To set up an overseas entity for international trading in floriculture.3. To identify existing running units in Ethiopia engaged in floriculture for acquisition. For this purpose a committee was formed with Independent Directors Shri. Anil G Nair, FCA & Shri. P Sharath Kumar, FCA to study in detail and make out a feasibility report.Further the Company has informed that, the Board meeting has been adjourned to June 29, 2007 to facilitate proposed allottees for subscribing to the shares at the enhanced price with in the framework of the resolution passed at EGM held on March 15, 2007.