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 January 18, 2008, inter alia, has transacted the following:1. Increase the Authorised Share Capital of the Company from Rs 23,01,00,000 (Twenty Three Crores and One Lacs) divided into 23,010,000 (Two Crores Thirty Lacs and Ten Thousand) equity shares of Rs 10/- each to Rs 265,00,00,000 (Two Hundred Sixty Five Crores) divided into 26,50,00,000 (Twenty Six Crores and Fifty Lacs) equity shares of Rs 10/- each by creation of further 24,19,90,000 equity shares of Rs 10/- each with the power to the Board to decide on the extent of variation in such rights and to classify and re-classify from time to time such shares into any class of shares and consequential amendments in the Memorandum & Articles of Association of the Company.2. Authority to the Board to create, offer, issue and allot in one or more Tranch (es), in course of ) international / Domestic offerings any securities including Equity Shares / Preference Shares / Convertible Debentures / Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) / External Commercial Borrowing (ECB), Foreign Currency Convertible Bonds (FCCB), convertible into equity shares, preference shares whether Cumulative / Redeemable / Convertible at the option of the Company and / or the option of the holders of the security and / or securities linked to equity shares / preference shares and / or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants convertible into depositary receipts underlying equity shares / preference shares, (Securities) for an aggregate sum of US $ 60 million or equivalent in Indian and / or any other currency(ies) to be subscribed by foreign / domestic investors / institutions / Qualified Institutional Investors, domestic or International and / or corporate bodies / entities including mutual funds,