Sadbhav Engineering - Outcome Of EGM

Sadbhav Engineering Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 06, 2007, inter alia, have passed the Special Resolution pursuant to the provisions of Section 81 (1A) Companies Act, 1956 for authorizing the Board of Directors to offer, issue and allot upto 6,00,000 warrants to Mr. Vishnubhai M Patel, the chairman and Managing Director of the Company, entitling him to subscribe in one or more tranch(es) for one equity share of the face value of Rs 10/- each for every warrant for cash at a price to be decided in accordance with the SEBI Guidelines for Preferential Issues.