Indus Fila Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 14, 2008, have accorded the following:

1. To raise the funds upto US$ 50 million or its equivalent.

2. To increase the Authorised Capital from Rs 25 Crores divided into 2,50,00,000 equity shares of Rs 10/- each to Rs 40 Crores dividend into 4,00,00,000 equity share of Rs 10/- each.

3. Increase in the Borrowing Power Limit of Board from Rs 250 Cr to Rs 500 Cr.