Triton Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 24, 2008, inter alia, has decided the following:

1. Issue upto 7,20,00,000 Convertible Warrants to the persons belonging to the non-promoter category.

2. Issue Optionally Convertible Debentures amounting upto Rs 10 crores only (i.e. Rupees Ten Crores only) which shall be convertible, at the option of debenture holder, into equity shares at a later date within the time period of 18 months from the date of allotment to the persons belonging to promoter category.

3. Approved the Employees Stock Option Scheme for issue of maximum of 150 lakhs equity shares to the employees of Triton Corp Ltd and its subsidiary & associate Companies, satisfying the eligibility criterion mentioned in the Scheme.

4. Convene an Extraordinary General Meeting in near future, for obtaining the shareholders approval for the businesses mentioned in item no. 1,2, and 3.