Advani Hotels & Resorts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2008, inter alia, has taken the following decisions:

1. The Board of Directors have recommended a final dividend of 10% on the Equity Shares in addition to the 20% interim dividend already declared and paid for the financial year 2007-08.

2. The Board of Directors have decided to convene the Twenty-first Annual General Meeting of the Company on August 28, 2008 to transact the Ordinary business.