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Bilpower Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 17, 2008, inter alia, has transacted the following:

1. Appointment of Mr. N K Jain as an “Additional Director” of the Company:

The Board of Directors of the Company has appointed Mr. N K Jain as an “Additional Director” of the Company.

2. Resignation of Mr. Anil Raika & Mr. Jayant Godbole, from the Directorship of the Company:

The Board of Directors of the Company has accepted the resignations of Mr. Anil Raika & Mr. Jayant Godbole, Directors of the Company w.e.f. June 17, 2008.

Bilpower Ltd has informed BSE that the Company will not be publishing Un-audited Quarterly Financial Results for the quarter ended March 31, 2008. The Audited Financial Results of the Company for 12 months from April 01, 2007 to March 31, 2008 will be published within 3 months from end of financial year March 31, 2008.

Bilpower Ltd has informed BSE that the Issue Committee of the Company at its meeting held on February 23, 2008, has allotted 20,00,000 Convertible Warrants on preferential basis at a Issue price of Rs 350/- per Warrant, each Warrant convertible into one Equity Share of the Company at a price of Rs 350/- (including a premium of Rs 340/-) per share, within 18 months from the date of allotment.

1. Choudhary Global Ltd (Corporate Body Promoter Group)
- Number of Allotted Convertible Warrants: 7,00,000

2. Mr. Suresh Kumar Choudhary (Individual Promoter Group)
- Number of Allotted Convertible Warrants: 4,00,000

3. Mr. Naresh Kumar Choudhary (Individual Promoter Group)
- Number of Allotted Convertible Warrants: 4,00,000

4. Mr. Rajendra Kumar Choudhary (Individual Promoter Group)
- Number of Allotted Convertible Warrants: 4,00,000

5. Mr. Ravi Choudhary (Individual Promoter Group)
- Number of Allotted Convertible Warrants: 25,000

6. Mr. Abhishek Choudhary (Individual Promoter Group)
- Number of Allotted Convertible Warrants: 25,000

7. Mitin Balubhai Shah
Dharmi Mitin Shah (Individual - Other)
- Number of Allotted Convertible Warrants: 50,000

All the allottees have paid Rs 35/- (Rupees Thirty Five only) per convertible warrant being 10% of the total amount payable on conversion i.e. Rs 350/- (Rupees Three Hundred Fifty only).

Bilpower Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 23, 2008, inter alia, has discussed and adopted the following business:

- Pursuant to the scheme of amalgamation u/s 391-394 of the Companies Act, 1956 sanctioned and approved by the Hon’ble High Court, Mumbai vide their order dated January 18, 2008 (Date of receipt of certified copy - February 15, 2008), the Board of Directors in accordance with the directives have approved allotment of 15,00,000 equity shares of Rs 10/- each fully paid up to the equity shareholder of M/s. Sun Transtamp Pvt Ltd as the full and final consideration against the SWAP ratio approved and accepted.