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              Kerala Ayurveda Pharmacy Ltd has announced that the meeting of the Allotment Committee was held on September 16, 2006, has considered the allotment of 4,97,642 equity shares of Rs 10/- each at an issue price of Rs 60/- per share to M/s. Champion Investments Ltd, Mauritius. Meeting approved the above allotment as per the terms and conditions approved by the shareholders at the Annual General Meeting.