Mount Everest - Outcome Of EGM

Mount Everest Mineral Water Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 02, 2007, inter alia, have accorded to the following:1. To increase the Authorized Share Capital of the Company to Rs 35 crores by the creation of 50,00,000 new equity shares of Rs 10/- each on the following terms and conditions and consequential amendments in Memorandum & Articles of Association of the Company :(i) The equity shares issued shall in all respects rank pari passu with the existing equity shares of the Company.(ii) In the event of winding up, the aforesaid shares will rank equally with the other equity shares holders, for repayment of capital, if any, and will have the right of participation in the surplus assets, if any.(iii) The aforesaid shares shall confer a right to vote at the Companys general meeting.2. To create, issue, offer, and allot upto 50,99,396 Equity Shares (Shares) of the Company of a face value of Rs 10/- each at an issue price of Rs 140/- per share (including a premium of Rs 130/- per Share) aggregating upto Rs 71,39,15,440 in one or more tranches to Tata Tea Ltd, a Company incorporated under the Companies Act, 1956 having its registered office at 1 Bishop Lefroy Road, Kolkata on terms and conditions as may be agreed to between the Company and the proposed allotted and subject to necessary provisions and approvals.