Gujarat Apollo Board Approves Bonus Issue

Gujarat Apollo Equipments Ltd has informed that the Board of Directors of the Company at its meeting held on January 30, 2007, inter alia, has proposed to issue Bonus Shares in the proportion of one (1) Equity share for every two (2) Equity Shares held on a record date to be fixed at a later date. The existing paid up share capital of the Company is Rs 700 Lacs.An Extra Ordinary General Meeting of the Company for approval of the proposed BonusIssue is scheduled to be held on March 01, 2007.Further the Company has informed that, at the aforesaid meeting, the Board of Directors of the Company has also decided to enlist the equity shares of the Company at National Stock Exchange after the proposed bonus issue is completed.