Electra Financial - Outcome Of CoD Meeting

Electra Financial Services Ltd has informed that pursuant to the approval of the shareholders of the Company at the Extra Ordinary General Meeting of the Company held on January 15, 2008, the Committee of Directors (CoD) at its meeting held on February 16, 2008, has allotted 43,00,000 Equity Shares at a price of Rs 28/- per share including premium of Rs 18/- per share to the following persons:-

A. Promoters/Promoters Group

1. Name of Allottee: Kesharimal Jain

No. of Shares allotted: 91741

2. Name of Allottee: Sunil Jain

No. of Shares allotted: 91841

3. Name of Allottee: Mukesh Jain

No. of Shares allotted: 91841

4. Name of Allottee: Naveen Jain

No. of Shares allotted: 91841

5. Name of Allottee: Manorama Jain

No. of Shares allotted: 483184

6. Name of Allottee: Anjana Jain

No. of Shares allotted: 483184

7. Name of Allottee: Sangeeta Jain

No. of Shares allotted: 483184

8. Name of Allottee: Surabhi Jain

No. of Shares allotted: 483184

B. Others

1. Name of Allottee: Vishwanath Hospital and Research Centre Pvt. Ltd.No. of Shares allotted: 1000000

2. Name of Allottee: Mac Life Sciences Pvt. Ltd.

No. of Shares allotted: 1000000

Pursuant to the allotment of 43,00,000 equity shares of Rs 10/- each of the Company as aforesaid, the paid up equity share capital of the Company as on February 16, 2008 stands increased to 73,00,400 equity shares of Rs 10/- each.