Date: 06.12.2007 Punjab Chemicals & Crop Protection Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 27, 2007, inter alia, to create, issue, offer & allot the warrants to the promoter group, and other 15,10,000 warrants to be converted into equity shares in one or more trenches as per details given below:- Promoters:a. Hem-Sil Trading & Manufacturing Pvt Ltd: 600000 No of warrants- Others:b. Hiral P Harsora: 100000 No of warrantsc. Vidyut Mercantile Pvt Ltd: 400000 No of warrantsd. Rag Ragini Finance Pvt Ltd: 100000 No of warrantse. Ravel Finance Ltd: 200000 No of warrantsf. Harileela Investrade Pvt Ltd: 100000 No of warrantsg. Jaiprakash Hardas Bhambhani: 10000 No of warrantswith a right attached thereto entitling the holder of the warrants to apply for and subscribe within such time as may be fixed by the Board in one or more trenches against payment in cash to one fully paid-up equity share of the face value of Rs 10/- each in the share capital of the Company for every warrant held, within a maximum period of 18 months from the date of allotment, at a price of Rs 136/- (including premium of Rs 126/-), at the option of such warrant holder, as may be deemed appropriate by the Board under and by way of preferential issue through offer letter and / or circular and / or information memorandum and / or, such terms documents / writings, in such mariner and on such terms and conditions as may be determined by, the Board at its absolute discretion; with power to settle details as to the form and terms of issue of the warrants to the promoters and other and all other terms, conditions and matters connected therewith including to accept any modification thereto or therein as may be required by persons Involved with any such issue of warrants subject, however, to all applicable laws and within and under the limits permitted under law, for an aggregate amount not exceeding Rs 20,53,60,000/ - (inclusive of premium) provided that the price, as applicable, of the equity shares to be issued pursuant to the warrants, shall not be less than being higher of the average of the weekly high and low of the closing prices of the related shares quoted on the stock exchange during the six months OR the average of the weekly high and low of the closing prices of the related shares quoted on stock exchange during the two weeks preceding the relevant date, being thirty days prior to the, date of this extraordinary general meeting i.e. November 27, 2007 (relevant date), as prescribed under Guidelines for Preferential Issues as contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (including any amendment thereto or re-enactment thereof) and all other terms, conditions and matters connected therewith and accept any modifications in the proposal as may be required by the authorities / parties involving the issues but subject to such conditions as the Reserve Bank of India, Securities and Exchange Board of India, or such other appropriate authorities may impose at the time of according / granting their approvals, consent permissions and sanctions and as agreed to by the Board, subject to necessary provisions & approvals.