Ganesh Benzoplast Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2008, inter alia, has transacted the following business:

1. A proposal for restructuring of loans and other outstanding dues with IDBI and IFCI has been considered and Mr. Rishi Pilani, Director of the Company has been authorized to discuss the matter further and conclude the same as he may deem fit in the best interest of the Company.

2. A proposal to issue equity shares to promoters of the Company on preferential basis as per applicable SEBI guidelines was also considered which would be finalized along with the overall restructuring of the Company.

3. Mr. Gyan Chordia & Mr. Raunak Pilani has been appointed as Additional Directors of the Company.

4. Mr. Ramesh Pilani, Mr. Ramakant Pilani and Mr. Ranju Pilani have resigned from the Board of Directors of the Company.

5. It is proposed to change the name of the Company to Ganesh Infrastructure Ltd., subject to the availability and necessary approvals.