GTL Infrastructure Ltd has announced that a meeting of the Committee of the Board (CoD) will be held on November 22, 2006 to consider allotment of 1,549,594 Equity Shares of Rs 10/- each for cash at par, in terms of the Offer document of GTL Ltd and Scheme of Arrangement & Reconstruction approved by the Hon'ble High Court of Judicature at Bombay, consequent upon the exercise of right to convert FCCBs worth Swiss Francs (SFr.) 415,532.36