Radha Madhav Corporation EGM outcome

Radha Madhav Corporation Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 25, 2007, inter alia, have accorded to the following:

1. Authority to the Board of Directors to offer, issue and allot 3150000 Equity shares to the promoters and Non-Promoters as hereinafter:

A. Name of Promoters:

1. Mr. Anil Agrawal : 200000 No. of Equity Shares

2. Mr. Mitesh Agrawal : 200000 No. of Equity Shares

3. Mr. Abhishek Agrawal : 200000 No. of Equity Shares

B. Name of Non-Promoters:

1. Regal Corporate Advisors Pvt Ltd : 100000 No. of Equity Shares

2. Indea Long Term Oppurtunities Fund : 2000000 No. of Equity Shares

3. Mr. Nilu Poddar : 100000 No. of Equity Shares

4. Mr. Rajiv Maheshwari : 100000 No. of Equity Shares

5. Mr. K R Bharat : 100000 No. of Equity Shares

6. Mr. Lalit Kumar Agrawal : 50000 No. of Equity Shares

7. Mr. Pramod Shah : 100000 No. of Equity Shares

of face value of Rs 10 each at a subscription price of Rs 85 per Equity share (inclusive of premium of Rs 75 per Equity Share), or at price as may be mutually agreed but not less than price calculated as per DIP Guidelines 13.1.1.1., subject to necessary provisions & approvals.

2. Authority to the Board of Directors to offer, issue and allot, 15,00,000 warrants to Non-Promoters as hereinafter:

1. Regal Corporate Advisors Pvt Ltd : 200000 No. of Warrants

2. Mr. Basant Agrawal : 100000 No. of Warrants

3. Mr. Rajiv Maheshwari : 400000 No. of Warrants

4. Advent Advisory Services Pvt Ltd : 800000 No. of Warrants

providing holder of warrant entitlement of one fully paid up equity shares for one warrant at a subscription price of Rs 85 per Equity share (inclusive of premium of Rs 75 per Equity Share), or at price as may be mutually agreed but not less than price calculated as per DIP Guidelines 13.1.1.1, subject to necessary provisions & approvals.