Neogem India Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 14, 2008, inter alia, to allot 15,65,000 (Fifteen Lacs Sixty Five Thousand) Fully Convertible Equity Share Warrants on Preferential Basis to the Promoters / Independent Investor as per the list approved by the shareholders in the Annual General Meeting held on September 30, 2008.