T Spiritual world updates

At 21st Annual General Meeting (AGM) of T. Spiritiual World Ltd, was held at Kolkata, where the shareholders got a happy feeling on the occasion of Christmas. During the AGM, the shareholders approved the Authorised, Issued and Fully Paid up share capital of the Company of Rs 2/- each be consolidated that five existing equity shares of face value of Rs 2/- each be consolidated into one equity share of face value of Rs 10/- each. Besides this, they also approved the issue of 29,90,000 Fully Convertible Warrants of Rs 10/ each on preferential basis to promoters group. The funds infused by the promoters group in the Company will be used for long term working capital purposes of the Company and thus expand the retail business of the Company in wellness segment.

In order to expand the reach of the wellness products and services, T. Spiritual World Ltd has already announced the setting up of retail outlets at various strategic locations all over the world. These retail outlets will be called "Wellness World". Each of the wellness world outlets will be equipped with state of the art equipment as present in a retail store. The Company plans to launch its first set of retail outlets in the NCR region and then gradually take this concept on a national level. Each of these centers will be set up in main market areas / Malls with direct access to the consumers. It is the Company's intention to set up 100 such retail outlets all over India in the next 3 years.

A report of the Indian Counsel of Research on International Economic Relations estimates the loss to India's national income as a result of heart disease, stroke and diabetes in 2005 was Rs 900 crore and projects the figure to exceed Rs 20000 crore over the next 10 years. With state spending on healthcare at just 0.9% of GDP, government hospitals and health programmes cannot cope with the crisis. With it exclusive wellness products and services, the Company has been successful in creating a novel position for itself in the Health & Wellness product and services market which is worth Rs 3500 crore and is clocking a healthy growth rate of 40%. The Company has already established a reputation among the corporate community and created awareness for a healthier corporate lifestyle. its clients include - TCS, WNS Global, Sony, Pepsi, DLF, Bhp Billiton, Tata Motors, vCustorner, Shell India, Spicejet, ITC, Aricent, Ericsson, Convergys, Citibank, Xerox.

The Company believes that the Internet presents a huge potential for retail sales of its wellness products online. The Company is also in the process of tying up with several major Internet portals for distribution of its wellness products online."