Neelkanth Rockminerals Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on March 14, 2008, has considered and approved the following:

1. To amalgamate V-Tex Overseas Pvt Ltd with the Company w.e.f. April 01, 2007 being the approved date.

2. The swap ratio is arrived in the ratio of 345:100 i.e. 345 shares of the Neelkanth Rockminerals Ltd will be allotted to the holder of the one hundred equity shares of the V-Tex overseas Pvt Ltd.