Neogem India Ltd has announced that the Board of Directors of the Company at its meeting held on October 14, 2008, inter alia, has allotted 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.