Vyapar Industries Ltd has informed BSE that the members of the Company by way of Postal Ballot, have passed the following Special Resolutions.

1. Alteration of Memorandum of Association by insertion of new Clause 3 in the main objects of Memorandum of Association pertaining to property and infrastructure development and for commencement of said new business as mentioned in new clause 3.

2. Authority to the Board for deployment of funds received from issue of 1,91,00,000 GDRs for Inter Corporate Deposits, making investments in share capital of Rassai Properties & Industries Ltd i.e. for deployment and utilization of issue proceeds of GDR for purposes other than mentioned in letter of offer dt. December 13, 2007 as may in its absolute discretion deem fit and proper.

3. Authority to the Board under section 372A of the Companies Act, 1956 for invest in share capital of Rassai Properties & Industries Ltd upto a sum of Rs 200 Crore in aggregate in one or more tranches.

4. Authority to the Board to make invests in Inter Corporate Deposits (ICDs) and other market funds from time to time in various schemes and in one or more Companies, out of surplus funds available with the Company, upto a sum of Rs 200 Crore in aggregate share capital of Rassai Properties & Industries Ltd, upto a sum not exceeding Rs 200 Crore at any point of time.