Asian Electronics - Allotment Of Equity Shares

Asian Electronics Ltd has informed that the Board of Directors of the Company at its meeting held on January 04, 2007 has approved the allotment of 19,05,000 Equity Shares of Rs 10/- each arising out of conversion of 19,05,000 Fully convertible Debentures (FCDs) at a price of Rs 240/- per Share (including premium of Rs 230/- per Equity Share) on preferential basis.