National General - Notice of Postal Ballot

National General Industries Ltd has informed BSE that the members of the Company will consider to approve, by way of postal ballot, the Special resolution to invest the surplus / available fund in the primary and / or secondary market of the securities / bonds / shares / stock etc. either by way of purchase and / or sale directly from market or by way of subscription in public issue(s) open offer notwithstanding that the total amount of the aforesaid investment together with the investments already made shall be in excess of the ceiling prescribed under section 372A of the Companies Act, 1956, but subject to a limit of Rs 25.00 Crores, subject to necessary provisions & approvals.

The Board of Directors of the Company had appointed Mr. Sanjay Chugh, a Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot voting process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the Scrutinizer before the closing working hours on June 30, 2007. The Scrutinizer will submit his report to the Chairman cum Managing Director of the Company after completion of the scrutiny of the postal ballots. The result will be announced by the Chairman Cum Managing Director or any other Director of the Company on July 05, 2007.