Denison Hydraulics India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 16, 2008, to approve the issue of 4,50,000 (Four Lakhs Fifty Thousand Only) Equity Shares of Rs 10/- each for cash at par aggregating to Rs 45,00,000 (Rupees Fourty Five Lakhs Only) on a rights basis to the existing shareholders of the Company in the ratio of 1 equity share for every four equity shares held on the record date.