Transgene Biotek Ltd: Outcome of EGM

Transgene Biotek Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 18, 2011, have given their fresh consent for the allotment of 7,50,000 Equity shares of Rs. 10/- each allotted to Dr. K. Koteswara Rao, Promoter of the company, @ Rs. 80/- per share pursuant to the consent given by the shareholders of the Company at the Extra-ordinary General Meeting held on June 18, 2008 against the interest free unsecured loans brought in by him and his family.