Bharat Gears - Outcome of Committee Meeting

• Security Code: 505688
• Company: BHARATGEAR

Bharat Gears Ltd has informed BSE that the Committee of Board at its meeting held on November 16, 2005, inter alia, has approved the following :

1. To offer for subscription at cash, issue and allot equity shares to the existing shareholders / members of the Company on Rights Basis in the ratio/proportion of 3 equity shares for every 10 existing shares of Rs 10/- each, at a premium of Rs 30/- pre share, subject to the approval of the shareholders/members in ensuing General Meeting.

2. The Notice calling the Extra-ordinary General Meeting of members scheduled on December 14, 2005.