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Lesha Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 14, 2008, inter alia, has allotted 43,00,000 equity shares in lieu of convertible warrants to the following convertible warrant holders of Rs 10/- each at par to other than promoters on a preferential basis, as per the resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on January 17, 2008.The said shares shall rank pari-passu with the existing shares of the Company :

1. Name of the Allottes: Midrina Oil & Gas Services(P) Ltd.
- No of Shares: 7,00,000
- Value (Rs.): 70,00,000

2. Name of the Allottees: Shaurya Organics (P) Ltd.
- No of Shares: 7,00,000
- Value (Rs.): 70,00,000

3. Name of the Allottees: Tiw Systems (P) Ltd.
- No of Shares: 7,00,000
- Value (Rs.): 70,00,000

4. Name of the Allottees: Sureshsinhji P. Desai H.U.F.
- No of Shares: 7,00,000
- Value (Rs.): 70,00,000

5. Name of the Allottees: Rhetan Estate (P) Ltd.
- No of Shares: 15,00,000
- Value (Rs.): 1,50,00,000

The Board authorizes the Managing Director to intimate the allottees regarding the allotment as aforesaid made and in due course the share certificates be issued under the seal of the Company as provided under the Articles of the Company.

Lesha Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 15, 2008, inter alia, has passed the following resolutions:

- 39,50,000 equity shares allotted to the following applicants and the said shares shall rank pari-passu with the existing shares of the company:

1. Name of the allotte: Midrina Oil & Gas Services (P) Ltd
No of Shares: 8,55,000

2. Name of the allotte: Shaurya Organics (P) Ltd
No of Shares: 8,55,000

3. Name of the allotte: Tiw Systems (P) Ltd
No of Shares: 8,55,000

4. Name of the allotte: Sureshsinhji P Desai H.U.F.
No of Shares: 8,55,000

5. Name of the allotte: Advanced Energy Resources & Management (P) Ltd
No of Shares: 5,30,000

- Further the Board allots 43,00,000 warrants convertible into equity shares of Rs 10/- each to the following applicants:

1. Name of the allotte: Midrina Oil & Gas Services (P) Ltd
No of Warrants: 7,00,000

2. Name of the allotte: Shaurya Organics (P) Ltd
No of Warrants: 7,00,000

3. Name of the allotte: Tiw Systems (P) Ltd
No of Warrants: 7,00,000

4. Name of the allotte: Sureshsinhji P Desai H.U.F.
No of Shares: 7,00,000

5. Name of the allotte: Rhetan Estate (P) Ltd
No of Shares: 15,00,000

The Board authorizes the Managing Director to intimate the allottees regarding the allotment as aforesaid made and in due course the share certificates and warrants certificates be issued under the seal of the Company as provided under the Articles of the Company.

It was decided to inform the concerned Stock Exchange about the aforesaid allotments and change of name of the company as required.

Lesha Steels Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 15, 2008, inter alia, to consider the following:

1. To consider allotment of 39,50,000 equity shares and 43,00,000 warrants convertible into equity shares of Rs 10/- each at par allotted to other than promoters on a preferential basis, as per resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on January 17, 2008.

2. To consider the proposal of taking over an Oil & Gas Company for better profitability and future prospects for the Company in this new line of business.