Networth placement

Networth Stock Broking Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 04, 2008, inter alia, to transact the following business:

1. To increase the Authorized Share Capital of the Company from Rs 12,50,00,000 (Rupees Twelve Crores Fifty Lakh) divided into 1,00,00,000 (One Crore) Equity shares of Rs 10/- (Rupees Ten) each and 2,50,000 (Two Lac Fifty Thousand) Cumulative Redeemable 6% Preference shares of Rs 100/- (Rupees One Hundred) to Rs 17,50,00,000/- (Rupees Seventeen Crores Fifty Lakhs) divided into 1,50,00,000 (One Crore Fifty Lakhs) Equity shares of Rs 10/- (Rupees Ten) each and 2,50,000 (Two Lac Fifty Thousand) Cumulative Redeemable 6% Preference shares of Rs 100/- (Rupees One Hundred) by creating additional 50,00,000 Equity shares of Rs 10/- (Rupees Ten) each ranking pari passu with the existing equity shares in all respects, such as, voting rights, dividend rights etc & consequential amendments in the Memorandum & Articles of Association of the Company.

2. To offer, issue and allot In one or more lot(s) on preferential basis, not exceeding 26,35,140 (Twenty Six Lakhs Thirty Five Thousand one hundred and forty) Equity Shares of the face value of Rs 10/- each for cash at a price to be determined in accordance with the SEBI Guidelines on Preferential Issues, at a price of Rs 131.40/- (Rupees One Hundred and Thirty one and forty paise only) per share to the following person acting individually:

a. Mavi Investment Fund Ltd (FII - MM Warburg (Schweiz) AG): 5,27,000 no of shares
b. Peninsular South Asia Investment Company Ltd - South Asia Access Fund: 5,27,000 no of shares
c. DSP HMK Holdings Pvt Ltd: 5,27,000 no of shares
d. Stewart Investment & Financial Pvt Ltd: 2,63,535 no of shares
e. Mackertich Consultancy Services Pvt Ltd: 2,63,535 no of shares
f. Pinnacle Trades & Investments Ltd: 2,63,535 no of shares
g. Geeta Holdings & Consultants Pvt Ltd: 2,63,535 no of shares

3. To create offer, issue and allot on a preferential basis in one or more tranches up to 11,54,000 Share Warrants carrying an entitlement to subscribe to an equivalent number of Equity Shares of Rs 10/- each for cash at a price to be determined in accordance with the SEBI Guidelines on Preferential Issues, at a price of Rs 131.40 (Rupees One Hundred and Thirty one and forty paise only) per share to the following persons:
a. Mavi Investment Fund Ltd (FII - MM Warburg (Schweiz) AG): 5,75,000 no of warrants
b. Vincent Commercial Company Ltd: 4,00,000 no of warrants
c. Sudha Commercial Company Ltd: 1,00,000 no of warrants
d. Kishor Shah: 54,000 no of warrants
e. Santosh Dadeech: 25,000 no of warrants

4. To revise the remuneration payable to Mr. Girish Dev, Executive Director & CEO of the Company w.e.f. April 01, 2007, on terms & conditions.