Genus Power - Outcome Of Board Meeting

Genus Power Infrastructures Ltd has informed that the Board of Directors of the Company at its meeting held on September 21, 2007, inter alia, has decided the following:

1. To issue equity shares upto 15,00,000 equity shares of Rs 10/- at a price of Rs 560 per share (including a premium of Rs 550 per share) on a preferential basis to the financial investors, pursuant to and in accordance with applicable guidelines and subject to the consent of the members of the Company and other requisite authorities and subject to negotiating and finalising the terms relating to the proposed investment by the parties.

2. To convene an Extra Ordinary General Meeting to seek the approval of the members of the Company for the above preferential allotments.