Brushman India to issue warrants at Rs.125

Brushman India Ltd has announced that the Board of Directors of the Company at its meeting held on March 10, 2007, has taken the following decisions:

1. The Board recommended issue of 3.65 million warrants at Rs 125 per warrant (inclusive of premium of Rs 115 per warrant) to promoters and others subject to approval of members in the General Meeting of the Company.

2. To issue notice for calling of Extra ordinary General Meeting of the Company to be held on April 07, 2007.

3. The Board formulated Dividend Policy for the Company.

Source : Equity Bulls

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