Aksh Optifibre - Allotment Of Equity Shares Pursuant To Merger

Aksh Optifibre Ltd has informed that as per the terms of the Scheme of Amalgamation, the Sub Committee of Directors of the Company at its meeting held on August 08, 2007, has allotted 2,02,10,400 equity shares of Rs 5/- each to the shareholders of Aksh Broadband Ltd (Transferor Company), in lieu of their shareholding in Aksh Broadband Ltd, in the ratio of 7:2 (i.e. 7 shares for every 2 shares held in the Transferor Company).