Modern Dairies Ltd has informed BSE that the Allotment Committee of Directors of the Company in its meeting held on July 23, 2008 has allotted 11,63,661 Equity shares @ Rs 81/- per share to the promoter and promoter group as per details given below upon conversion of warrants issued to them earlier and on receipt of the full subscription amount.

1. Name of the Allottee : Chandigarh Finance P. Ltd.
- No of Shares : 7,75,774

2. Name of the Allottee : Krishan Kumar Goyal
- No of Shares : 1,93,943

3. Name of the Allottee : Alka Goyal
- No of Shares : 96,972

4. Name of the Allottee : Aditya Goyal
- No of Shares : 96,972.

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

  Nothing in this article is, or should be construed as, investment advice.