Master Trust Ltd has informed that in terms of authority given to the Board by way of Special Resolution by the Members of the Company in their extra-ordinary general meeting held on January 29, 2008, the Board of Directors of the Company at its meeting held on March 14, 2008, has unanimously decided that due to some obvious reasons and as per market scenario currently prevailing, it is unanimously not to issue any equity shares and / or convertible warrants on preferential basis to any of the person(s) / body corporate(s) and have decided that fresh-in-principal approval be sought from the stock exchange as and when Board decides to issue securities on preferential basis.
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