Majestic Securities Ltd: Allotment of Preference Shares

Majestic Securities Ltd has informed BSE that the Company has made preferential allotment of 12% Non convertible non cumulative fully redeemable Preference Shares to its promoters on its Board Meeting held on March 31, 2011.

Resolution as per Sec 81(1A) of the Companies Act, 1956 was passed by the shareholders of the company at their Annual General Meeting held on September 30, 2010.

The Company has allotted 20,20,000 (Twenty Lacs Twenty Thousand Only) 12% Non- Convertible non cumulative fully redeemable Preference Shares of at a face Value of Rs. 10 Each to the following persons:

1. Name of the Proposed Allottee: LT . Col (Retd.) S.S. Deswal (Promoter)
- No. of Preference Shares to be allotted: 10,50,000

2. Name of the Proposed Allottee: Mr. Rajiv Kashyap (Promoter)
- No. of Preference Shares to be allotted: 6,25,000

3. Name of the Proposed Allottee: Mr. Vijay Patel (Promoter)
- No. of Preference Shares to be allotted: 2,45,000

4. Name of the Proposed Allottee: Mr. Virender Gandhi (Promoter)
- No. of Preference Shares to be allotted: 1,00,000