i Develop Stocks Advisory

Network to make pref... Network Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 06, 2008 to: 1. Consider the allotment of 440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Paliwal Infrastructures Pvt. Ltd. in lieu of 440000 Warrants allotted on September 07, 2007 at a price of Rs 50/- each. The Company has received respective amount of Rs 2.20 crores from Paliwal Infrastructures Pvt. Ltd. in lieu of equity shares to be allotted. Paliwal Infrastructures Pvt. Ltd. has already exercised the option for 660000 Equity Shares in lieu of 660000 Warrants. 2. Consider the allotment of 330000 Equity Shares of Rs 10/ - each at a premium of Rs 40/- each to Paliwal Overseas Pvt. Ltd. in lieu of 330000 Warrants allotted on September 07, 2007 at a price of Rs 50/- each. The Company has received respective amount of Rs 1.65 crores from Paliwal Overseas Pvt. Ltd. in lieu of equity shares to be allotted Paliwal Overseas Pvt. Ltd. has already exercised the option for 500000 Equity Shares in lieu of 500000 Warrants. 3. Consider the allotment of 440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Ashok Sawhney & Sons (HUF) in lieu of 440000 Warrants allotted on September 07, 2007 at a price of Rs 50/- each. The Company has received respective amount of Rs 2.20 crores from Ashok Sawhney & Sons (HUF) in lieu of equity shares to be allotted