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Brushman India increase authorized share capital

The board of Brushman India has approved the authorized share capital of the Company be and is hereby increased from Rs. 25,00,00,000 divided into 2,50,00,000 equity shares of Rs. 10/- each to Rs. 50,00,00,000 divided into 5,00,00,000 equity shares of Rs. 10 each.

The board has decided for proposal of issue and allotment of 10 Million convertible warrants of Rs. 17 each with the option to the warrant holder to acquire for every warrant one fully paid up equity share of Rs. 10 each at a premium of Rs. 7 on preferential basis subject to approval of shareholders at the ensuing Extra Ordinary General Meeting of the Company. In regard to the proposal of fund raising through GDR / FCCB / GDS / Preferential allotment, Extra Ordinary General Meeting of the members of the Company is proposed to be held on 19 November 2009.

This was decided at the board meeting held on 20 october 2009.

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