Sinclairs Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 11, 2008, has allotted 969923 Equity Shares of Rs 10 each to strategic investor and other investors who have partly exercised their entitlement to receive equity shares upon payment of 90% of the balance money i.e. Rs 155.25 per warrant against warrants allotted to them on December 18, 2007.

The details of allotment of 969923 equity shares are as under:

1. MRCS Investment Holding Ltd:- 316385

2. MCCS Investment Holding Ltd:- 316385

3. Xander Investment Holding X Ltd:- 337153

Consequent to this allotment, the promoter’s holding is reduced to 63%.