Tribhuvan Housing Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 21, 2008, inter alia, have accorded the following:

1. For subdivision of existing Equity shares of the face value of Rs 10/- each in the Share Capital of the Company into Two Equity shares of the face value of Rs 5/- each.

2. For Alteration of Articles of Association of the Company in order to reflect the subdivision of the Equity shares.

3. For giving consent to Foreign Institutional Investors (FIIs) including their sub-accounts to acquire and hold the shares of the Company upto an aggregate limit of 49% of the paid-up Equity share capital of the Company.