Surana Corporation - Outcome Of EGM

Surana Corporation Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 10, 2008, have accorded the following:

1. Authority to the Board of Directors to offer 25,00,000 (Twenty five Lacs) Equity Shares of Rs 10/- each at a premium of Rs 190/- each amounting, in aggregate, to Rs 50 Crores (Rupees Fifty Crores only) to the following SELECT GROUP OF PERSONS (not being Promoters or belonging to the Promoter Group, including their relatives, friends and associates or their nominees and also not related to each other in any manner whatsoever, being independent persons individually) on preferential basis:

1. Maxwin International Pte Ltd, Singapore

a. Status: OCB

b. Nationality: Foreign

c. Subscription amt for equity shares (Rupees in Lacs)

(i) No of shares: 500000

(ii) Share Value: 50.00

(iii) Share Premium: 950.00

(iv) Grand Total: 1000.00

2. Fortune Top Investments Pte Ltd, Singapore

a. Status: OCB

b. Nationality: Foreign

c. Subscription amt for equity shares (Rupees in Lacs)

(i) No of shares: 500000

(ii) Share Value: 50.00

(iii) Share Premium: 950.00

(iv) Grand Total: 1000.00

3. Beaufort Overseas Trading Pte Ltd, Singapore

a. Status: OCB

b. Nationality: Foreign

c. Subscription amt for equity shares (Rupees in Lacs)

(i) No of shares: 500000

(ii) Share Value: 50.00

(iii) Share Premium: 950.00