SREI Infrastructure Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 14, 2008, has inducted new Independent Directors namely, Mr. Daljit Mirchandani and Mr. Somabrata Mandal, on its Board with a view to broadbase the expertise of the Board. They have been inducted in place of Mr. R Sankaran and Mr. M S Verma. Mr. Hemant Kanoria will assume responsibility as Chairman & Managing Director of the Company.

Further, the Joint Venture (”JV”) between SREI Infrastructure Finance Ltd (”SREI”) and BNP Paribas Lease Group (”BNPLG”) which was announced last year, has started operations in April, 2008 under the name of “SREI Infrastructure Development Finance Pvt Ltd” (”SIDFPL”). The Board of Directors of SIDFPL comprises of Mr. Salil K Gupta, Chairman, Mr. Hemant Kanoria, Vice Chairman & Managing Director, Mr. Bertrand Gousset, Vice Chairman, Mr. Sunil Kanoria, Joint Managing Director, Mr. Frederic Amoudru and Mr. Thierry Bonetto.