Sambhaav Media Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 27, 2008, to consider and make allotment of 1,32,82,800 Equity Shares of Re 1/- each at premium of Rs 9/- per share on Preferential Basis to M/s. Shyam Equities Pvt Ltd, Bangalore in terms of the Special Resolution passed by the members of the Company at their Extra Ordinary General Meeting on February 28, 2008.