Omaxe Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:

1. To alter the Main Object Clause No. ‘III(A)’ titled as “THE MAIN OBJECT TO BE PURSUED BY THE COMPNAY IN ITS INCORPORATION ARE” of the Memorandum of Association of the Company by addition of new business of new clauses after existing Clause No 6.

2. To increase the number of Directors of the Company for the time being in the office from twelve to fifteen, subject to necessary provisions & approvals.

3. To amend Omaxe ESOP Plan Alpha and / or to vary the terms of Employees Stock Options already offered and / or granted and / or vested but not exercise, by amending Clause 18; Section 10: Termination of employment in Omaxe ESOP Plan Alpha.

4. To appoint Mrs. Sushma Goel, a relative of Director(s) of the Company, as an Employee of Omaxe Buildhome Pvt Ltd, a subsidiary of the Company, on remuneration, terms & conditions.

The Company has appointed Mr. Sanjay Grover, Practising Company Secretary, as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on March 20, 2008. The result of the Postal Ballot shall be announced by the Chairman, or in his absence by any Director of the Company on March 25, 2008.