Vas Infrastructure - Outcome Of Board Meeting

Vas Infrastructure Ltd has informed that the Board of Directors of the Company at its meeting held on March 31, 2008 has allotted 2495000 Convertible Warrants.
The allottee of Convertible warrants on Preferential basis are:

1. Name of the proposed Allottee : Mr. Raj J Valia
No. of Share Warrants : 249500
Value : Rs 31187500

2. Name of the proposed Allottee : Mr. Madhav J Valia
No. of Share Warrants : 249500
Value : Rs 31187500

3. Name of the proposed Allottee : Mr. Sanjay Shah
No. of Share Warrants : 499000
Value : Rs 62375000

4. Name of the proposed Allottee : Mrs. Kavita Chabra
No. of Share Warrants : 499000
Value : Rs 62375000

5. Name of the proposed Allottee : M/s. N K Chemplast Pvt Ltd
No. of Share Warrants : 499000
Value : Rs 62375000

6. Name of the proposed Allottee : M/s. Niralee Properties Pvt Ltd
No. of Share Warrants : 499000
Value : Rs 62375000.