Kavveri Telecom Received Approval For Issue Of Equity Shares - July 15, 2009

Kavveri Telecom Products Limited has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 15, 2009, has approved the issue of Equity Shares of the Company on rights basis with an issue size of not more than Rs 30 crores and has authorized the Board of Directors to determine the price, the timing, the record date for the purpose of determining the eligible equity shareholders; to issue letter of offer and to accept any modification thereof by SEBI; to dispose off unoffered/unapplied/unsubscribed portions in the benefit of the Company; to appoint intermediaries like merchant bankers, registrars, bankers to issue; and to decide on any other related matter.