Visisth Mercantile Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 20, 2008, inter alia, has considered and approved the following:

1. Appointment of Mr. Chandrashekhar S Korade as Director of the Company.

2. Shifting of Registered Office of the Company fro “Nutan Vidya Mandir, 1st Floor, 65, M G Road, Goregaon (W), Mumbai 400 062″ to “13/103, Indra Darshan - 2, Oshiwara, Andheri, Mumbai 400 053 with immediate effect.

3. Resolution under Section 17 of the Companies act, 1956 by Insertion of Additional Clause 2(b) on the Main Object of the Memorandum of Association of the Companies Act, 1956, subject to approval of the members by passing necessary resolution through Postal Ballot.

4. Resolution under Section 293 (1) (a) of the Companies act, 1956, to give authority to Board of Directors of the Company to mortgage and / or charge, to be created by the Company, subject to approval of the members by passing necessary resolution through Postal Ballot.

5. Resolution under Section 293 (1) (d) of the Companies act, 1956, in respect of Increase in Borrowing Limit to the Extent of Rs 100 Crores, subject to approval of the members by passing necessary resolution through Postal Ballot.

6. Resolution under Section 31 of the Companies act, 1956, in respect of Adoption of New set of Articles of Association of the Company in total exclusion and substitution of the existing Articles of Association of the Company, subject to approval of the members by passing necessary resolution through Postal Ballot.

7. To commerce the business of Real Estate in Partnership along with other partners.

The requisite approval from the shareholders as per the provisions of Section 17, 293(1)(a), 293(1)(d), 31 192A and other applicable provisions of the Companies Act, 1956 read with Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001 is required to be obtained. The result of the postal ballot will be announced on August 05, 2008.