Ambica Agarbathies & Aroma Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 03, 2008, inter alia, have approved the following resolutions:

1. Increase of Authorized Share Capital of the Company from 16 crores to 17 crores.

2. Alteration of the Article No. 3 of the Article of Association of the Company.

3. Further issues of 28,00,000 Convertible Share Warrants on Preferential Basis to M/s. Trinethra Infra Ventures Ltd and Mr. Puvvada Bhaskar Rao.