Blue Chip India Ltd has informed the Exchange that the Board of Directors of the Company in their meeting held on January 09, 2008 have approved the issue of 2,00,00,000 Equity Shares of Rs. 2/- each at a price of Rs. 4.75 per share (inclusive premium of Rs.2.75) for cash on preferential basis in terms of Chapter XIII of SEBI (Disclosure & Investors Protection) Guidelines, 2000 as amended. An Extra-ordinary General Meeting of the Members of the Company shall be convened on February 04, 2008 to obtain the approval of the Shareholders of the Company for the same. Further, the Company has submitted to the Exchange a copy of the Notice of the Extra-ordinary General Meeting to be held on February 04, 2008.