Vikas WSP - Outcome Of Board Meeting

Vikas WSP Ltd has informed that the Board of Directors of the Company at its meeting held on August 04, 2007, inter alia, has decided the following:

1. To consider and / approve the notice of 19th Annual General Meeting and for discussing the ordinary and special business of the notice.

The above noted items will be considered in the next Board Meeting:

2. To consider and to determine issuance of Equity Shares on Preferential basis to the promoters, persons acting in a concert and other clients.

The above noted item is to considered by the Board Members and unanimously passed a Resolution to issue 5,23,00,000/- Equity Shares of face value of Rs 1/- each issue to following purposed person subject to approval of members by way of special resolution. In terms of section 81(1A) and all other applicable provisions, if any, of the Companies Act, 1956, memorandum and article of association of Company, listing agreement entered into by the Company with the stock exchange and in accordance with the provisions of the Securities and Exchange Board of India.