UTV Software Communications Ltd has announced that Pursuant to the authority granted by the Board of Directors to the Shareholders Investors/ Grievance Committee, the Committee at their meeting held on May 06, 2008 allotted 45,32,000 warrants to Unilazer Exports and Management Consultants Ltd on the terms contained in the resolution approved by the members at their Extra Ordinary General meeting held on March 17, 2008.