Tourism Finance Corporation of India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 12, 2008, inter alia, have passed the following Special Resolutions:

1. Increase in FII aggregate holding limit in the Company upto 49% of paid up equity capital of the Company.

2. Consent under Section 81 (1A) of the Companies Act, 1956 authorizing the Board of Directors to offer, issue and allot upto 1,92,83,252 equity shares of Rs 10 each to Qualified Institutional Buyers (QIBs) under the Qualified Institutional Placement Guidelines issued by SEBI at a price to be decided as per SEBI Guidelines, subject to a minimum price of Rs 48/- per share (including a premium of Rs 38/- per share) for an amount not exceeding Rs 125 crore.

3. Consent under Section 81 (1A) of the Companies Act, 1956 authorizing the Board of Directors to offer, issue and allot upto 1,32,97,648 equity shares of Rs 10 each to the existing Promoter shareholders of the Company on preferential allotment basis at a price of Rs 48/- per equity share (including a premium of Rs 38/- per share).