Ritesh Properties - Outcome Of Board Meeting

Ritesh Properties & Industries Ltd has informed that the Board of Directors of the Company at its meting held on February 02, 2008, inter alia, has taken the following decisions:

1. To issue 1,92,308 equity shares of Rs 10/- each at a premium of Rs 120/- per share as per SEBI pricing formula to New Delhi Television Ltd on preferential allotment basis.

2. To convene the Extra Ordinary General Meeting on February 27, 2008 to approve the preferential allotment.

Ritesh Properties - Outcome Of Board Meeting

Ritesh Properties & Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 19, 2008, inter alia, has taken the following decisions:- 15,26,000 warrants allotted on November 26, 2007 has been converted into Equity Shares of Rs 10/- each at a premium of Rs 45/- allotted on preferential basis to the following allottees who have opted for the same by depositing of allotment money.a. M/s. Gala Finance and Investments Ltd: 1,00,000 No of Warrantsb. Securocrop Securities India Pvt Ltd: 1,25,000 No of Warrantsc. Apollo Pipes Pvt Ltd: 1,00,000 No of Warrantsd. Consolidated Securities Ltd: 12,01,000 No of Warrants