Thakkers Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 08, 2008, inter alia, has resolved for the following matters:

1. Considered to increase authorized capital from Rs 4.5 crores to Rs 15 Crores.

2. Considered to amend Clause V of the Memorandum of Association for increasing the authorised capital.

3. Considered to amend Article 3 of the Articles of Association for increasing the Authorised Capital.

4. Considered to capitalise undistributed profit / General Reserves of Rs 4.50 crores and issue Bonus shares in the ratio of 1:1 to the existing share holders.

5. Considered to authorise Board of Directors for creation of charge.

6. Considered to authorise Board to borrow up to Rs 100 Crores.

7. Appointed Shri. Sudhakar V Joshi, I.A.S. (Retd.) as independent director of the Company.

8. Considered to pass all the above resolutions by Postal Ballot and approved the Notice u/s 192(A).

9. Appointed Mr. Ashok Surana, Practising Company Secretary as Scrutiniser to conduct the process of Postal Ballot and authorized Mr. Jitendra M Thakker, Chairman & Mr. Rajendra M Thakker, Managing Director to conduct the postal ballot procedure.