Arshiya International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 29, 2008, inter alia, to consider the following:

1. To take on record and approve Un-audited Financial Results for the Quarter ended June 30, 2008.

2. To take on record and approve the Audited Financial Results of the Company for the financial year ended March 31, 2008.

3. To consider recommendation of Dividend to Equity Shareholders for the financial year ended March 31, 2008.

4. To consider the proposal of granting Employees Stock Options (ESOP) to the employees of the Company and its subsidiary Companies including their subsidiary Companies under the Scheme titled as “Arshiya Employee Stock Option Plan, 2008″ subject to approval of shareholders in AGM.

5. To consider the proposal of revising the “Grant Price” of Employees Stock Options (ESOPs) granted under ‘Employee Stock Options Scheme 2007′ subject to approval of shareholders in AGM.