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Brels Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 01, 2008, inter alia, have refrained from recommending any dividend for the current year.

The Board, however, proposed that subject to consent of the shareholders in the Annual General Meeting to issue and allot 15,00,00,000 convertible warrants at Re 1/- each on a Preferential basis to applicants other than the Promoters Group, in due compliance of the SEBI regulation in this regard.

Brels Infotech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 01, 2008, to consider & take on records the Audited Statement of Accounts for the year ended March 31, 2008 and to consider issue of further securities on preferential basis & recommendation of Dividend, if any.

Brels Infotech Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 11, 2008, have approved capitalization of free reserves to the extent of Rs 11,93,71,313/- (Rupees Eleven Crore Ninety Three Lacs Seventy One Thousand Three Hundred Thirteen Only) for issue and allotment of 11,93,71,313 Equity Shares of Re 1/- each fully paid-up for distribution as Bonus Shares amongst the existing Equity Shareholders of the Company in the ratio of three (3) new Equity Bonus Shares for every eight (8) Equity Shares held by the Shareholders.