T Spiritual - Outcome Of Board Meeting

T Spiritual World Ltd has informed that the Board of Directors of the Company at its meeting held on November 21, 2007, inter alia, has transacted the following:

1. The authorized, issued and fully paid up equity share capital of the Company of Rs 2/- each be so consolidated that five existing equity shares of face value of Rs 2/-each be consolidated into one equity shares of face value of Rs 10/- each and for equity shares of Rs 2/-cach being fully paid up, five of such filly paid up shares be consolidated into one equity share of face value of Rs 10/- each fully paid up and consequently, the Authorised Share Capital of the Company be and is hereby altered from the existing Rs 2,00,100,000/- divided 1,00,050,000 equity shares of Rs 2/- each to Rs 2,00,100,000/- divided 2,00,10,000 equity shares of Rs 10/- each with effect from the record date to be determined by the Board of Directors of the company for the purpose, subject to necessary provisions & approvals.

2. The share Capital of the Company be increased from Rs 20,01,00,000/- (Rupees Twenty Crores One Lac) Divided into 2,00,10,000 (Two Crores Ten Thousand) Equity Shares of Rs 10/- each (Consequent upon consolidation of five existing equity shares of face value of Rs 2/- each be consolidated into one equity share of face value of Rs l0/- each)to Rs 23,01,00,000/- (Twenty Three Crores One Lac) divided into 2,30,10,000 (Two Crore Thirty Lac Ten Thousand) equity shares of Rs 10/- each by creation of further 30,00,000 Equity Shares of Rs 10/- each, with effect from the record Date to be determined by the Board of Directors of the Company (which term shall be deemed to include any committee thereof) for the purpose of consolidation of equity shares, and consequential amendments in the Memorandum & Articles of Association of the Company.