CHD Developers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 02, 2008, inter alia, to consider and recommend the following Special resolutions for the approval of the Shareholders through postal ballot.

A. To insert new sub clauses in the other objects clause in the Memorandum of Association of the Company subject to provisions of the Companies Act, 1956 and rules thereof in this regard if any through the postal ballot procedure and rules.

B. To Commence the new business as inserted into the other object clause.

C. To issue warrants convertible into equivalent number of equity Shares of the Company on preferential basis to Non-promoter category subject to the approval of the Shareholders of the Company pursuant to the provisions of the Companies Act, 1956 & SEBI (Disclosure & Investor Protection) Guidelines, 2000).

D. To issue equity shares of the Company to Non-promoter category on preferential basis subject to the approval of the Shareholders of the Company pursuant to the provisions of the Companies Act, 1956 & SEBI (Disclosure & Investor Protection) Guidelines, 2000.