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 Exchanges, the Committee of Board of Directors of the Company has inter-alia, taken the following decisions in its meeting held May 24, 2011.

"Allotment of 5,00,000 Warrants of Rs. 250/- each to Mr. C E Fernandes (Promoter), with the option of converting into One Equity Share of the Company of Rs. 10/- each at a premium of Rs. 240/- each against each Warrant."