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Advani Hotels & Resorts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2008, inter alia, has taken the following decisions:

1. The Board of Directors have recommended a final dividend of 10% on the Equity Shares in addition to the 20% interim dividend already declared and paid for the financial year 2007-08.

2. The Board of Directors have decided to convene the Twenty-first Annual General Meeting of the Company on August 28, 2008 to transact the Ordinary business.

Advani Hotels & Resorts India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 18, 2008, inter-alia, to consider the following:

1. To consider and approve the Audited Annual Accounts for the financial year ended March 31, 2008.

2. To fix the date, time and venue of the 21st Annual General Meeting of the Company.

3. To consider and approve the Unaudited financial results (provisional) for the quarter ended June 30, 2008.

4. To consider payment of final Dividend, if any, on the Equity Share Capital of the Company for the year 2007 - 08.

Advani Hotels & Resorts India Ltd has informed BSE that Advani Hotels & Resorts (India) Ltd (AHRIL) and its promoters had filed Appeal bearing No 85 of 2008 before Securities Appellate Tribunal (”SAT”) against the order dated May 06, 2008 passed by Securities and Exchange Board of India (”SEBI”) inter alia clearing the Letter of Offer submitted by Delta Hospitality Pvt Ltd (”DELTA/ACQUIRER”) along with persons acting in concert for acquiring 20% equity shares of AHRIL.

In the said appeal AHRIL had inter alia prayed for a direction to be issued to SEBI to investigate the various complaints filed by AHRIL with SEBI from time to time regarding the public offer made by DELTA. The said appeal came up for hearing before Hon’ble Tribunal on July 01, 2008. After hearing the parties, Hon’ble Tribunal vide its order dated July 01, 2008 disposed of the appeal and has inter alia directed SEBI to dispose of the Complaint dated June 18, 2008 filed by AHRIL, with regard to the public offer made by DELTA, in accordance with law by passing a speaking order.

YES BANK Ltd (”Manager to the Offer”) on behalf of Delta Hospitality Pvt Ltd (formerly known as Fasttrack Impex Pvt Ltd) (”Acquirer”) and Arrow Webtex Ltd (”Person Acting in Concert”/”PAC”) has issued this Post Offer Public Announcement to the shareholders of Advani Hotels & Resorts India Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Pubic Announcement (”PA”) dated February 29, 2008, Corrigendum to the PA dated March 13, 2008, Letter of Offer dated May 10, 2008 & Corrigendum to the PA dated May 22, 2008, pursuant to and in compliance with among others, Regulation 10 of Chapter III of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (” SEBI Takeover Regulations” / “Regulations” )
The Details are as under:

* the Acquirer held 68,99,077 fully paid up equity shares representing 14.93% of the Voting paid up equity share Capital of Target Company as on the date of the PA. The PAC did not hold any equity shares in the paid up equity share capital of Target Company as on the date of the PA.
# The offer was voluntary and not triggered by any agreement of the Acquirer with any person for the purpose of the acquisition of shares of Target Company $ Post the PA, The Acquirer has made net acquisition of 48,17,828 Equity Shares at an average acquisition price of Rs 97.88 per equity share from the open market, through the stock exchange mechanism as well as by way of block deals.
@ The Offer was made, pursuant to Regulation 10 of the SEBI Takeover Regulation for the purpose of substantial acquisition of Shares without any change in control and management. Post offer, the acquirer and the public collectively hold 1,90,53,487 equity shares representing 41.22% in the paid up equity share capital of Target Company.

With reference to the earlier announcement dated on June 03, 2008 and June 10, 2008, Advani Hotels & Resorts India Ltd has now informed BSE that the matter related to open offer made by Delta Hospitality for acquisition of shares of Advani Hotels & Resorts (India) Ltd (AHRIL) came up for hearing before the Securities Appellate Tribunal on June 20, 2008 and the same has been posted for hearing on July 01, 2008.

With reference to earlier announcement dated June 03, 2008, Advani Hotels & Resorts India Ltd has informed BSE that the matter came up for hearing before the Securities Appellate Tribunal on June 10, 2008 and AHRIL and its Promoters have been given time to file a reply to the affidavit submitted by Delta Hospitality Pvt Ltd.

The next date of hearing of the matter has been fixed on June 20, 2008 and the Acquirer has agreed to abide by the SAT order irrespective of the closing of the Open Offer on June 14, 2008.

Advani Hotels & Resorts India Ltd has informed BSE that the Company and the Promoters have filed an appeal before SAT against the Acquirer and SEBI relating to the Open Offer made by Delta Hospitality for acquisition of shares of Advani Hotels & Resorts India Ltd.

The Company understand that some other shareholders have also filed an Appeal before SAT on this same issue.

Delta Hospitality Pvt Ltd (formerly known as Fasttrack Impex Pvt Ltd) (Acquirer) has informed BSE that: “This is in reference to the earlier disclosures made by the Acquirer for the shares acquired by it on May 12, 2008 under Regulation 22(17) of the Takeover Regulations.

In terms thereof, the Acquirer had disclosed the acquisition of 1731 fully paid up equity shares of Rs 2/- each of the Advani Hotels & Resorts India Ltd (Target Company). Since the acquisitions were made on the floor of the stock exchanges, the said disclosures were made by the Acquirer pursuant to the confirmations received by the acquirer from its Broker within the time periods specified under the Takeover Regulations.

However, at the time of settlement of the abovementioned market purchases, the Acquirer was informed that certain deliveries failed and consequently 31 equity shares were short acquired on that date.

In view thereof, the correct number of shares acquired on May 12, 2008 should be 1,700 equity shares of Rs 2/- each instead of the reported quantity of 1731 equity shares of Re 2/- each.

Therefore, by way of good order, the Acquirer is making this revised disclosure under Regulation 22(17) of the Takeover Regulations”.

Delta Hospitality Pvt Ltd (formerly known as Fasttrack Impex Pvt Ltd) (Acquirer) has informed BSE that: “This is in reference to the earlier disclosures made by the Acquirer for the shares acquired by it on May 08, 2008 under Regulation 22(17) of the Takeover Regulations.

In terms thereof, the Acquirer had disclosed the acquisition of 1,73,441 fully paid up equity shares of Rs 2/- each of the Advani Hotels & Resorts India Ltd (Target Company). Since the acquisitions were made on the floor of the stock exchanges, the said disclosures were made by the Acquirer pursuant to the confirmations received by the acquirer from its Broker within the time periods specified under the Takeover Regulations.

However, at the time of settlement of the abovementioned market purchases, the Acquirer was informed that certain deliveries failed and consequently 100 equity shares were short acquired on that date.

In view thereof, the correct number of shares acquired on May 08, 2008 should be 1,73,341 equity shares of Rs 2/- each instead of the reported quantity of 1,73,441 equity shares of Re 2/- each.

Therefore, by way of good order, the Acquirer is making this revised disclosure under Regulation 22(17) of the Takeover Regulations”.

Delta Hospitality Pvt Ltd (formerly known as Fasttrack Impex Pvt Ltd) (Acquirer) has informed BSE that: “This is in reference to the earlier disclosures made by the Acquirer for the shares acquired by it on May 07, 2008 under Regulation 22(17) of the Takeover Regulations.

In terms thereof, the Acquirer had disclosed the acquisition of 1,18,017 fully paid up equity shares of Rs 2/- each of the Advani Hotels & Resorts India Ltd (Target Company), Since the acquisitions were made on the floor of the stock exchanges, the said disclosures were made by the Acquirer pursuant to the confirmations received by the acquirer from its Broker within the time periods specified under the Takeover Regulations.

However, at the time of settlement of the abovementioned market purchases, the Acquirer was informed that certain deliveries failed and consequently 100 equity shares were short acquired on that date.

In view thereof, the correct number of shares acquired on May 07, 2008 should be 1,17,917 equity shares of Rs 2/- each instead of the reported quantity of 1,18,017 equity shares of Re 2/- each.

Therefore, by way of good order, the Acquirer is making this revised disclosure under Regulation 22(17) of the Takeover Regulations”.