JMC Projects - Outcome of Management Committee Meeting

JMC Projects India Ltd has informed BSE that the Management Committee of the Company at its meeting held on June 11, 2007 has allotted 12,50,000 6% Optionally Convertible Preference Shares to the Promoters at the rate of Rs 202/- per preference share in the following manners:

1. Kalpataru Power Transmission Ltd
No. of preference shares allotted : 11,00,000

2. Mr. Hemant Modi
No. of preference shares allotted : 75,000

3. Mr. Suhas Joshi
No. of preference shares allotted : 75,000