Natural Capsules Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 29, 2008, inter alia, has authorised the Board to issue, offer and allot upto 2,20,000 equity shares (”Shares”) and 4,80,000 warrants (”Warrants”), in one or more tranches to the following Persons on such terms and conditions as may be agreed to between the Company and the said Persons:

a. Laxminarayan Moondra
b. Satyanarayan Mundra
c. Sunil L Mundra
d. Sushil Kumar Mundra.

Each Share will have a face value of Rs 10/- per Share and will be issued at a price of Rs 30/- per Share (inclusive of a premium of Rs 20/- per Share) which in accordance with
Chapter XIII (Guidelines for Preferential Issues) of the Securities and Exchange Board of
India (Disclosure and Investor Protection Guidelines; 2000 issued by the Securities and
Exchange Board of India (”SEBI DIP Guidelines”) and the entire issue price is payable on
subscription