Prraneta Industries Ltd: Board Meeting on May 19, 2011

Prraneta Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 19, 2011, inter alia, to consider allotment of Convertible Equity Warrants on Preferential basis to the Various allottees from whom the upfront money i.e. 25% of the total consideration has been received pursuant to the resolution passed in the Extra Ordinary General meeting of the Company held on the March 12, 2011.