Rohit Ferro Tech

Rohit Ferro Tech Ltd has informed that an Extraordinary General Meeting (EGM) of the members of the Company will be held on October 09, 2007, to transact the following business:

1. To issue, offer and allot upto 80,00,000 Convertible Warrants (Warrants), to be convertible at the option of Warrant holder in one or more trenches, within 18 months from its allotment date into 1 fully paid up Equity Share of the Company of face value of Rs 10/- each for cash at an exercise price of Rs 43/- (including premium of Rs 33/-) and to issue fresh Equity Shares on the conversion of the warrants, on such further terms and conditions as may be finalised by the Board of Directors to following persons belonging to Promoter Group and Strategic investors belonging to Non Promoter group:

- Promoter Group:

1. Suresh Kumar Patni: 6,00,000 No of Warrants
2. Sarita Patni: 6,00,000 No of Warrants
3. Rohit Patni: 6,00,000 No of Warrants
4. Ankit Patni: 6,00,000 No of Warrants

- Non Promoter Group:

1. Kampani Finance Ltd: 23,75,000 No of Warrants
2. Foster Capital Ventures Ltd: 23,75,000 No of Warrants
3. Vyttila Steel Pvt Ltd: 5,00,000 No of Warrants
4. Himgiri Tradecom Pvt Ltd: 1,50,000 No of Warrants
5. Preview Commerce Pvt Ltd: 1,00,000 No of Warrants
6. Shree Vardhman Milk Dairy Pvt Ltd: 1,00,000 No of Warrants

2. To increase the Authorized Capital of the Company by Rs 5 Crores i.e. from Rs 40 Crores divided into 4 Crores Equity Shares of Rs 10/ each to Rs 45 Crores divided into 4.50 Crores Equity Shares of Rs. 10 each by substituting the existing Clause V of the Memorandum of Association of the Company with the following:

"The Authorised Share Capital of the Company is Rs 45,00,00,000/- divided into 4,50,00,000 Equity Shares of Rs 10/- each with power to increase and reduce the Capital of the Company and to divide or sub-divide the Shares in the Capital for the time being into several classes and to attach thereto such preferential qualified or special rights, privileges or conditions as may be determined by or in accordance with the Articles of the Company for the time being and to modify or abrogate of any such rights, privileges or conditions in such manner as may be permitted by Act, or provide by the Articles of the Company for the time being