Samtel Color - Outcome of Committee Meeting

Samtel Color Ltd has informed BSE that pursuant to the Preferential Issues under SEBI (DIP) guidelines, 2000 as amended from time to time and/or CDR package approved by CDR Cell of RBI and as per resolution passed by the shareholders of the Company in its meeting held on November 29, 2007, the committee of the Board of Directors of the Company in its meeting held on January 25, 2008 had allotted 23,25,581 warrants having optional right of conversion into against each Equity share of face value of Rs 10.00 each at a premium of Rs 11.50 per share to M/s. CEA Consultants Pvt. Ltd. (promoter Company).

Further, the above-mentioned 23,25,581 Warrants that allotted on January 25, 2008 has now become due for conversion into against each equity share of the Company.

Further the Company has informed that, the committee of the Board of Directors of the Company in its meeting held on July 24, 2009 considered and approved the conversion of Warrants into equity shares and allotted 23,25,581 equity shares of face value of Rs 10.00 each at a premium of Rs 11.50 per share to M/s. CEA Consultants Pvt. Ltd., having its registered office at 6th Floor, & TDI Centre, District Centre, Jasola, New Delhi 110025 (the promoter Company) in pursuant to the preferential issues under SEBI (DIP) guidelines, 2000 as amended from time to time (conversion of warrants within 18 months from the date of allotment of warrants).

Further, the proceeds against warrants which have been now converted into equity shares, already been received by the Company in terms of CDR package duly approved by CDR Cell of RBI and / or pursuant to the preferential issues under SEBI (DIP) guidelines, 2000 as amended from time to time.

Further, the equity share capital of the Company, after the above mentioned Equity shares allotted to the said promoter Company, the Equity Share Capital of the Company is as under:

Issued & Paid up Equity Share Capital of the Company has now been increased from 5,12,71,185 Equity Shares @ Rs 10.00 each fully paid up for Rs 51,27,11,850.00 (including forfeited partly paid 6000 equity share @ Rs 5/- each) to 5,35,96,766 Equity Shares @ Rs 10.00 each fully paid up for Rs 53,59,67,660.00 (including forfeited partly paid 6000 equity shares @ Rs 5/- each).