Global Boards to issue debentures as per BIFR order

Global Boards Ltd has announced that the Board of Directors of the Company at its meeting held on March 05, 2007, inter alia, has discussed issue of debentures to secured and unsecured lenders pursuant to BIFR order as under:

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Name of Allottee's	Type of		No. of		Amount		Total Amount
			Debentures	Debentures	Per Share	(Amt. in Rs.)
							Rs.				
------------------------------------------------------------------------------------------
Asset Reconstruction	9% Secured	1524100		100/- 		15,24,10,000/-
Company India Ltd	Convertible			each				
(ARCIL)			Debentures							

Asset Reconstruction	Zero Coupon	2692560		100/-		26,92,56,000/-
Company India Ltd	Optionally			each				
(ARCIL)			Convertible							
			Debentures

India Debt 		Secured Non	3978000		100/-		39,78,00,000/-
Management (IDM)	Convertible			each				
			Debentures
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Source : Equity Bulls

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