Advik Laboratories - Outcome Of EGM

Advik Laboratories Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 15, 2008, inter alia, have unanimously passed the following resolutions:

1. To allot 23,48,277 warrants, entitling the warrant holders from time to time to apply for equity shares of the Company in one or more tranches, to promoter / promoter group whether or not they are member of the Company, on preferential placement basis.

2. To increase authorised share capital of the Company from Rs 11,00,00,000/- (Rupees Eleven Crore only) to Rs 12,00,00,000/- (Rupees Twelve Crores only) divided into 1,20,00,000 (One Crore and Twenty Lakh) equity shares of Rs 10/- (Rupees Ten) each.

Advik Laboratories - Outcome Of Board Meeting

Advik Laboratories Ltd has informed that the Board of Directors of the Company at its meeting held on February 15, 2008, inter alia, has decided and approved the following:

1. Approved the issue of Preferential Allotment of Securities to the Promoters.

2. Increase of Authorized Share Capital of the company from Rs 11.00 Crores to 12.00 Crores.

3. Fixed the date of Extra Ordinary General Meeting i.e. on March 15, 2008 for approval of above said allotment and increase in authorized capital.