Thakkers Developers Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:

1. To increase the Authorised Share Capital of the Company from Rs 4,50,00,000 (Four Crore Fifty Lacs Only) divided into 45,00,000 (Forty Five Lacs) equity shares of Rs 10/- (Rupees Ten) each to Rs 15,00,00,000 (Fifteen Crores Only) divided into 1,50,00,000 (One Crore Fifty Lacs) equity shares of Rs 10/- (Rupees Ten) each & consequential amendments in the Memorandum & Articles of Association of the Company.

2. A sum at Rs 4,50,00,000/- out of the Company’s general reserve forming part of the undistributed profits of the Company be capitalized and that the said sum so capitalized be applied in paying up in full at par 4500000 new equity shares of Rs 10/- each (”Bonus Shares”) in the share capital of the Company to be allotted and distributed as fully paid- up Bonus Shares to and amongst the members who are on the Register of Members of the Company as the holders of Equity Shares in the Company on such date as may hereafter be determined by the Board of Directors of the Company (”the Board”) in the proportion of One Bonus share for every one equity share held by such members respectively on that date on the footing that they become entitled to the bonus shares as capital and not as income, subject to necessary provisions & approvals.

3. To sell or dispoe off entire or substantial undertaking and / or to mortgage and / or charge immovable and movable properties whosesoever situate both present and future of the whole or substantiality the whole of the undertaking or undertakings of the Company with power to take over the management of the business and concern of the Company and to enter up on and take possession of the assets of the Company in certain events of default for the purpose of securing (i) any loan availed or obtained from any banks, companies, bodies corporate, mutual funds or other lending institutions, firms or person(s) and / or (ii) any debentures or any other securities / instruments whether convertible or non-convertible which may be issued and or allotted from time to time to any of the aforesaid or to the shareholders or to any other person(s) together with interest cost, charges, expenses and any other money payable by the Company or an aggregate nominal value not exceeding Rs 100 Crores (Rupees One Hundred Crores only), subject to necessary provisions & approvals.

4. For borrowing money for the business of the Company from time to time notwithstanding that the money to be borrowed together with money already borrowed by the Company (apart from temporary) loans obtained from Company’s bankers in the ordinary course of business) will or may exceed an aggregate of the paid-up capital of the Company and its free reserves, but so that the total amount upto which money may be borrowed by the Board of Directors shall not at any time exceed Rs 100 Crores (Rupees One Hundred Crores only), subject to necessary provisions & approvals.

The Board of Directors at its meeting held on March 08, 2008 has appointed Mr. Ashok Surana, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer on or before April 15, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on April 17, 2008.