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| Exchange Disseminated Time | Munoth Investments Ltd has informed BSE that the Board of Directors at its meeting held on November 13, 2002 have authorised issue of shares on preferential allotment basis to three Fireign Nationals as Foreign Direct Investment and to one Non-Resident Indian on repatriation basis at a price of Rs 11 per share. The company has further informed that the issue price is in accordance with the guidelines issued by SEBI for the issue of shares on preferential allotment basis. Efforts are being taken to convene an EGM on December 16, 2002.
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