Gandhinagar Hotels - Outcome Of Board Meeting

Gandhinagar Hotels Ltd has informed that the Board of Directors of the Company at its meeting held on January 21, 2008, inter alia, has transacted the following business:

1. To allot 5,25,000 Equity Shares against Convertible Warrants issued to the Promoters / Other Persons on November 26, 2007 was done as follows:

i. Pragnaben V Joshi: 3,00,000 No of Equity Shares

ii. Thakor J Desai: 25,000 No of Equity Shares

iii. Manish R Patel: 25,000 No of Equity Shares

iv. Manubhai R Pujara: 25,000 No of Equity Shares

v. Anil C Patel: 25,000 No of Equity Shares

vi. Mukundbhai C Patel: 25,000 No of Equity Shares

vii. Sunilkumar V Patel: 25,000 No of Equity Shares

viii. Pritesh H Patel: 25,000 No of Equity Shares

ix. Dilip Patel: 25,000 No of Equity Shares

x. Amit J Shah: 25,000 No of Equity Shares

2. While reviewing the progress of Commercial building project adjacent to Hotel Haveli, Chairman & Managing Director Major (Retd.) Vinodchandra P Joshi informed the members followings:

a. Banquate Hall with sitting Capacity of 1000 persons on 2nd floor of the building had become functional and response received from user public was very encouraging.

b. Following areas were given on 9 years lease rental basis with increase of lease rent by 15% after every 3 years to renowned public limited Companies.

Modern India - Outcome Of EGM

Modern India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 15, 2008, inter alia, have accorded approval for sub-division of the 1,99,00,000 (One Crore Ninety Nine Lacs) Equity Shares of the nominal value of Rs 10/- (Rupees Ten) only each in the Authorised Share Capital of the Company into 9,95,00,000 (Nine Crore Ninety Five Lacs) Equity Shares of Rs 2/- (Rupees Two) only each and consequential amendments in the Memorandum of Association and Articles of Association of the Company relating to Equity Shares be altered accordingly.

Rajasthan Tube - Outcome Of Board Meeting

Rajasthan Tube Manufacturing Company Ltd has informed that the Board of Directors of the Company at its meeting held on January 16, 2008, has approved the following agenda items for the approval of shareholder:

1. To increase the authorised capital of the Company from 8,00,00,000 (Rupees Eight Crore Only) divided into 80,00,000 (Eighty Lacs) Equity Shares of Rs 10/- (Ten) each to Rs 11,50,00,000 (Rupees Eleven Crore Fifty Lacs Only) divided into 1,15,00,000 (One Crore Fifteen Lacs) Equity Shares of Rs 10/- (Ten) each and to amend the relevant clause of Memorandum & Articles of Association of the Company.

2. Pursuant to the provision of SEBI (DIP) Guidelines for Preferential Issues, to issue and allot, 10,00,000 Equity Shares and 55,00,000 Warrants convertible into equity Shares on Preferential basis to Strategic Investors, Promoters and Directors of the Company and Group Companies.

3. The Extra Ordinary General Meeting of the members of the Company for the approval of items No. 1 & 2 will held on February 23, 2008.

Valecha Engineering - Outcome Of Board Meeting

Valecha Engineering Ltd has informed that the Board of Directors of the Company at its meeting held on January 11, 2008, has decided to issue Convertible Warrants into Equity Shares on Preferential basis to the following Promoters / Promoter group and other investors upto 19,00,000 warrants at a price not lower than the minimum price specified as per SEBI Guidelines for Preferential Issue under SEBI (Disclosure and Investor Protection) Guidelines, 2000 but not less than Rs 322/- per equity share.

A. PROMOTERS / PROMOTER GROUP

1. Valecha Investments Pvt Ltd : 12,70,000 Number of Warrants to be allotted

2. Mr. Vasudev P Valecha : 15,000 Number of Warrants to be allotted

3. Mrs. Lata V Valecha : 10,000 Number of Warrants to be allotted

4. Mr. Ramchand H Valecha : 10,000 Number of Warrants to be allotted

5. Mr. Prakash H Valecha : 15,000 Number of Warrants to be allotted

6. Ms. Pooja R Valecha : 5,000 Number of Warrants to be allotted

B. INDEPENDENT DIRECTORS

- Mr. Arvind M Thakkar : 20,000 Number of Warrants to be allotted

C. OTHER ENTITIES

1. Sha InvestCo (India) Pvt Ltd : 4,15,000 Number of Warrants to be allotted

2. Praxis Advisors Pvt Ltd : 20,000 Number of Warrants to be allotted

3. Mrs. Honey A Harish : 20,000 Number of Warrants to be allotted

4. Mr. K S Shetty : 15,000 Number of Warrants to be allotted

5. Mr. A B Gogate : 15,000 Number of Warrants to be allotted

6. Mr. S B Watve : 15,000 Number of Warrants to be allotted

7. Mr. S N Kavi : 15,000 Number of Warrants to be allotted