Renaissance Jewellery Ltd: Outcome of Board Meeting

Renaissance Jewellery Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2011, inter alia, accorded its approval for issue of 20,00,000 Convertible Share Warrants on preferential basis, at a price calculated in accordance with the SEBI (ICDR) Regulations, 2009 or at such higher price as may be decided by the Board, subject to the approval of shareholders sought through the Postal Ballot procedure, pursuant to provisions of Section 192A of the Companies Act, 1956 and rules made there under.