Glittek Granites Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 08, 2008, inter alia, have also accorded the following:

1. Increase and reclassified the Authorized Share Capital of the Company from Rs 13,50,00,000/- (Rupees Thirteen Crore Fifty Lakh Only) divided into 1,96,00,000 Equity Shares of Rs 5/- each and 37,000 Preference Shares of Rs 1,000/- each to Rs 14,00,00,000/- (Rupees Fourteen Crores Only) divided into 2,80,00,000 Equity Shares of Rs 5/- each ranking pari-passu with the existing Equity Shares of the Company & consequential amendments in the Memorandum of Association of the Company.

2. Authority to the Board to offer, issue and allot, in one or more trenches, upto 78,26,000 Equity Shares of the face value of Rs 5/- each at a price of Rs 5.75 per share (including a premium of Rs 0.75 per share) in the equity share capital of the Company on preferential basis in compliance with Chapter XIII of SEBI (DIP) guidelines, 2000 and subsequent amendments thereto & on such terms and conditions and in such manner as the Board may in its absolute discretion deem fit, to the following persons/entities as mentioned below:

i. Name of the Proposed Allottee: M/s. Virdhi Commercial Co. Ltd (Promoter / Promoter Group)

- No. of Equity Shares: 22,43,500

ii. Name of the Proposed Allottee: M/s. U S D Industries Pvt Ltd (Promoter / Promoter Group)

- No. of Equity Shares: 19,47,800

iii. Name of the Proposed Allottee: Mr. Kamal Kumar Agarwal (Promoter / Promoter Group)

- No. of Equity Shares: 61,000

iv. Name of the Proposed Allottee: Mr. Ashoke Agarwal (Promoter / Promoter Group)

- No. of Equity Shares: 35,000

vi. Name of the Proposed Allottee: Mr. Rajendra Kumar Mittal (Promoter / Promoter Group)

- No. of Equity Shares: 2,08,700

vii. Name of the Proposed Allottee: Mr. Mrigaya Vinimay Pvt Ltd (Strategic Investor)

- No. of Equity Shares: 33,30,000

3. Re-appointment of Sri. Kamal Kumar Agarwal as Managing Director of the Company for a period of five years with effect from April 01, 2008 (whose present appointment expire on March 31, 2008), on remuneration, terms & conditions.

4. Re-appointment of Sri. Ashoke Agarwal as Joint Managing Director of the Company for a period of Five Years with effect from April 01, 2008 (whose present appointment expire on March 31, 2008), on remuneration, terms & conditions.