GEI Industrial Systems Ltd has informed BSE that pursuant to the approval of members at an Extra-Ordinary General Meeting held on February 28, 2011 and the In-Principle Approvals received from Stock Exchange, the Committee of Board of Directors of the Company has inter-alia, taken the following decisions in its meeting held on May 14, 2011 :

1. Allotment of 25,00,000 - 5% Cumulative Convertible Preference Shares (CCPs) of Rs. 250/- each to Aditya Birla Private Equity - Fund I;

2. Allotment of 54,668 - 5% Cumulative Convertible Preference Shares (CCPs) of Rs. 250/- each to BanyanTree Growth Capital LLC.