D. B. Corp Ltd: Allotment of Shares pursuant to Scheme of Demerger

D. B. Corp Ltd has informed BSE that subsequent to the receipt of orders of the Hon'ble High Court of Madhya Pradesh, at Jabalpur and Hon'ble High Court of Gujarat, at Ahmedabad, to the Scheme of Demerger of the Radio business of the Synergy Media Entertainment Ltd (Demerged Company) into the company i.e. D.B. Corp Ltd (Resulting company), and the receipt of other requisite approvals, 1732500 Equity shares of Rs. 10/- each, of the Company have been allotted to the eligible shareholders of the Demerged company vide resolution passed on March 31, 2011, by the Executive Committee of the Board of Directors of the Company.

The Company has further informed that 433125 Equity Shares, out of the above new shares allotted shall be subject to "Lock-in" for a period of three years from the date of listing of new shares at Stock Exchange, as per Stock Exchange's letter dated June 07, 2010.

Following are the details of the increase in the Issued and Paid up Capital of the Company:

- Existing Issued and Paid up Capital: 181550731 Equity Shares of Rs. 10/- each
- Shares allotted / increased by: 1732500 Equity Shares of Rs. 10/- each
- Revised Issued and Paid up Capital: 183283231 Equity Shares of Rs. 10/- each

The new equity shares rank pari passu in all respects with the existing capital.