Alphageo India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2008, have allotted 96,900 Equity Shares of Rs 10/- each to Promoter and Promoter Group by conversion of Share Warrants as per the details below:

1. Name of the Promoter / Promoter Group: Sri Alla Dinesh
No of Equity Shares allotted: 8,400 Equity Shares of Rs 10/- each fully paid up

2. Name of the Promoter / Promoter Group: M/s Aquilla Drilling Pvt Ltd
No of Equity Shares allotted: 88,500 Equity Shares of Rs 10/- each fully paid up