Arshiya International Ltd has informed BSE that pursuant to the approval of “Arshiya Employee Stock Option Plan 2007″ (”the said Plan”), by the Board of Directors of the Company at its meeting held on January 28, 2008 and further to grant of options to the employees of the Company and its subsidiaries / subsidiaries of such subsidiaries as Trench I at a meeting of Compensation Committee of the Board of Directors held on February 15, 2008, the Compensation Committee at its subsequent meeting held on April 24, 2008, has approved grant of Options as Tranch II at a grant price of Rs 210/- per Option under the said Plan as under:

- Employees of the Company : 1,06,300 No of Stock Options Granted

- Employees of subsidiaries / subsidiaries of such subsidiaries : 27,600 No of Stock Options Granted.