Tatia Global Venture Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2008, inter alia, pursuant to the scheme of arrangement approved by the Honourable High court of Madras by its order dated February 04, 2008 and March 05, 2008 being the record date fixed by the Company, to implement, the capital reduction and further allotment of equity shares as per this scheme of arrangement, the Board hereby approves the implementation of capital reduction by cancelling 8.4 equity shares of Rs 10/- each full paid up for every 15 equity shares of Rs 10 each fully paid up held in the Company from the existing paid up equity shares capital of the Company. Hence up on implementing the capital reduction in the above mentioned ratio, the Company shall issue in total 42,30,000 equity shares of Rs 10/- each fully paid to the erstwhile share holders as on record date.