Arshiya International Ltd has informed BSE that pursuant to the approval of “Arshiya Employee Stock Option Plan 2007″ (”the said Plan”), by the members at the Extra-ordinary General Meeting held on November 20, 2007 and its subsequent adoption by the Board of Directors, the Compensation Committee of the Company at its meeting held on February 15, 2008, have approved grant of Options at a grant price of Rs 210/- per Option under the said Plan as under:

- Date of Grant: February 15, 2008

- Grant Price: Rs 210/- per Option

- Options granted to employees of the Company: 5,41,800

- Options granted to employees of subsidiaries / subsidiaries of such subsidiaries: 8,69,900.