Mumbai, September 16, 2006:                                                                             BY FAX / HAND

The Secretary
Stock Exchange, Mumbai
P. J. Towers, 25th Floor,
Dalal Street, Mumbai - 400 001.
Fax No. 022-22723121/3719/2037/2039/2041/2061

The National Stock Exchange of India Limited
Exchange Plaza, 5th Floor,
Plot no. C/1, G Block,
Bandra-Kurla Complex
Bandra (E) , Mumbai - 400 051.
Fax No.022-26598237/38

Dear Sirs,

Scrip Code : 532475 ISIN No. : INE266F01018

Sub : Intimation of the approvals accorded by the shareholders at the EGM of the Company held on September 16, 2006

(1) At the Extraordinary General meeting of the Company held on September 16, 2006, the shareholders have approved the formulation of a new Employee Stock Option Scheme (ESOP) for issue of stock options, not exceeding an aggregate of 15,00,000 equity shares of the Company, for the benefit of the employees of the Company including the Independent Directors.

(2) Further, the shareholders have also approved the issue of 47,62,500 convertible warrants (“Warrants”) , on a preferential basis, to the following persons :-

Names of the proposed allottee	Number of Warrants
1. Shri Gopikishan S. Damani	11,00,000
2. Shri Rakesh Jhunjhunwala	7,00,000
3. Smt. Rekha Jhunjhunwala	20,00,000
4. M/s. ASK Investment & Financial Consultants Pvt. Ltd	6,50,000
5. Shri Ramesh S. Damani	12,500
6. Shri C. Y. Pal	50,000
7. Shri Vijay Aggarwal	2,50,000

Each of the aforesaid warrant would be convertible at the sole option of the holder, any time before the expiry of 18 months, from its allotment into 1 fully paid up equity share of the Company of face value Rs.10/- each , at an exercise price (including premium) decided by the oard of Directors which is not lower than the minimum price specified as per Clause 13.1.1.1 of Chapter XIII of SEBI Guidelines but not higher than Rs. 113/- per Warrant, and the issue of fresh equity shares upon conversion of the Warrants, shall be subject to such further terms and conditions, as may be finalised by the Board of Directors. It has been decided that, upon the approval of the shareholders , in accordance with Clause 13.1.2.3 of Chapter XIII of SEBI Guidelines , an amount of Rs.13/- per Warrant shall be payable by the allottees on the date of allotment of the said Warrants. The balance monies of Rs.100/- per Warrant shall be payable by the allottees, at the time of conversion of the Warrants into equity shares.

(3) The shareholders have also approved the re-appointment of Mr. Pramod Khera as the Managing Director of the Company for a period of 5 years with prospective effect from 28th December 2006 alongwith a revision in his remuneration.

In accordance with the listing agreement requirements, we have intimated the resolutions passed at the aforementioned extraordinary general meeting for your records. Please note that the minutes of the said Extraordinary General meeting will be sent to you shortly for your records.

Thanking you,


Yours faithfully
For Aptech Limited