Insul Electronics - EGM On Nov 10, 2007

Insul Electronics Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 10, 2007, inter alia, to transact the following:1. To increase the existing Authorized Share Capital of the Company from Rs 6,00,00,000/- divided into 60,00,000 Equity Shares of Rs 10/- each to Rs 15,00,00,000/- divided into 1,37,50,000 Equity Shares of Rs 10/- each aggregating to Rs 13,75,00,000 and 12,50,000 Preference Shares of Rs 10/- each aggregating to Rs 1,25,00,000 [such preferential shares may be either cumulative or non cumulative, and may carry such dividend as may be decided by the Directors, from time to time with power to the Company to convert the same into Equity at any time] by way of creation of fresh 77,50,000 equity shares with face value of Rs 10/-each ranking pari passu with the existing equity shares of the company in all respects and 12,50,000 Preference Shares with a face value of Rs 10/- each & consequential amendments in the Memorandum & Articles of Association of the Company.2. To offer, issue and allot at its sole discretion, to Kotak Mahindra Trusteeship Services Ltd - A/c Kotak Alternate Opportunities (India) Fund and or its affiliates and nominees (Investors), in one or more tranches, by way of preferential allotment of 10,000 Equity shares (initial Equity Shares) at a price of Rs 1167/- per share [i.e. face value of Rs 10/- (Rupees Ten only) each at a premium of Rs 1157/- (Rupees One Thousand and Fifty Seven only) each] and 11,90,000 Optionally Convertible Redeemable Preference Shares at a price of Rs 1167/- per shares (Investment Amount) (i.e. face value of Rs 10/- each at a premium of Rs 1157/- (Rupees One Thousand and Fifty Seven Only) each) either convertible into 11,90,000 equity shares of Rs 10/- each at a premium of Rs 1157/- per share or redeemed at such price including premium which shall be equal to the aggregate of the investment