Ontrack Systems Ltd has informed that the Board of Directors of the Company at its meeting held on March 12, 2008, has allotted 4,50,000 equity shares of Rs 10/- each to other than promoters (Mr. Ganesh Natarajan: 1,10,540 Shares; Mr. Ramdevan V Krishnaswamy: 3,39,460 shares) for other than cash at premium of Rs 46.25 as consideration towards acquisition of M/s. Intellisys Technology Australia Pty Ltd as per Share Purchase Agreement dated November 02, 2006.
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