Intense Technologies - Outcome Of Board Meeting

Intense Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on October 25, 2007, inter alia, has transacted the following:1. Approval of the members of the Company to the issue of 16,00,000 Equity shares and 16,75,000 Equity Warrants convertible into Equity shares on preferential basis was obtained in the Annual General Meeting held on July 30, 2007.2. In furtherance to that, the Board of Directors of the Company in their meeting held on October 25, 2007, approved the allotment of:a. 5,95,282 Equity shares of Rs 10/- each at a premium of Rs 73/- per share to:i. Satpal Khatter : 497558 No. of Shares Allotted ii. Sunil Shiv Khanna : 97724 No. of Shares Allotted b. 16,75,000 Equity Warrants convertible into Equity shares of Rs 10/- each at a premium of Rs 73/- per share to:i. C K Shastri No. of warrants : 1200000 No of warrants (convertible into shares allotted) ii. Raghav Sahgal : 250000 No of warrants (convertible into shares allotted) iii. Vivek Bhargava : 75000 No of warrants (convertible into shares allotted)iv. D G K Rao : 75000 No of warrants (convertible into shares allotted)v. J A Rao : 75000 No of warrants (convertible into shares allotted)M/s. Vacuf Ltd and M/s. Venus Capital Management Inc. proposed allottees for Equity Shares on preferential basis, have not tendered application for allotment of shares on preferential basis and hence the Equity shares proposed to them could not be allotted.