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With reference to the earlier announcement dated March 24, 2008 regarding the disclosures made by the Delta Hospitality Pvt Ltd (Formerly known as Fasttrack Impex Pvt. Ltd.) (”Acquirer”) on March 24, 2008 under Regulation 22(17) of the Takeover Regulations in terms of which the Acquirer had disclosed the acquisition of 6,931 fully paid up equity shares of Rs 2/- each of the Advani Hotels & Resorts India Ltd (”Target Company”). Since the acquisitions were undertaken through the floor of the stock exchanges, the said disclosures were made by the Acquirer pursuant to the contract notes executed between the Acquirer and Kotak Securities Ltd. within the time periods specified under the Takeover Regulations.

However, at the time of settlement of the abovementioned market purchases, the Acquirer was informed on April 01, 2008 that certain deliveries failed and consequently 700 equity shares were short acquired on that date.

In view thereof, the correct number of shares acquired on March 24, 2008 should be 6,231 equity shares instead of the reported quantity of 6,931 equity shares. Therefore, by way of good order, the Acquirer is making the revised disclosures under Regulation 22(17) of the Takeover Regulations.

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 27, 2008 has acquired 1,562 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 90.98 per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.003% of the paid up share capital of AHRL. The highest price paid on March 27, 2008 for acquisition of part of the aforesaid shares is Rs 91/- per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 91 per Share paid on March 27, 2008 by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103.00 per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 26, 2008 has acquired 1,455 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 91/- per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.003% of the paid up share capital of AHRL. The highest price paid on March 26, 2008 for acquisition of part of the aforesaid shares is Rs 91/- per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 91/- per Share paid by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103.00 per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 24, 2008 has acquired 6,931 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 93/- per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.015% of the paid up share capital of AHRL. The highest price paid on March 24, 2008 for acquisition of the part of the aforesaid shares is Rs 93/- per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 93/- per Share paid by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103/- per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.`

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 19, 2008 has acquired 4183 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 93/- per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.009% of the paid up share capital of AHRL. The highest price paid on March 19, 2008 for acquisition of the part of the aforesaid shares is Rs 93/- per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 93/- per Share paid by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103/- per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 18, 2008 has acquired 110 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 93/- per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.0002% of the paid up share capital of AHRL. The highest price paid on March 18, 2008 for acquisition of the part of the aforesaid shares is Rs 93/- per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 93/- per Share paid by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103/- per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 17, 2008 has acquired 27,230 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 95.04 per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.06% of the paid up share capital of AHRL. The highest price paid on March 17, 2008 for acquisition of the part of the aforesaid shares is Rs 96 per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 96 per Share paid by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103.00 per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 14, 2008 has acquired 4,41,424 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 95.86 per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.96% of the paid up share capital of AHRL. The highest price paid on March 14, 2008 for acquisition of the part of the aforesaid shares is Rs 97 per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 97 per Share paid by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103.00 per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.

Fasttrack Impex Pvt Ltd (Acquirer) has informed BSE in terms of Disclosure under Regulation 22(17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ["Takeover Regulations"] that Fasttrack Impex Pvt Ltd (Acquirer) on March 13, 2008 has acquired 1,33,765 fully paid up equity shares of Rs 2/- each of Advani Hotels & Resorts India Ltd (”AHRL”) at an average price of Rs 91.15 per equity share from the open market through the stock exchange mechanism of Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. The Shares constitute 0.29% of the paid up share capital of AHRL. The highest price paid for acquisition of the part of the aforesaid shares is Rs 93.85 per share.

In light of the public announcement issued by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow
Webtex Ltd (Person Acting in Concert) under Regulation 10 of the Takeover Regulations on
February 29, 2008 and the open offer to be made by Fasttrack Impex Pvt Ltd (Acquirer) and
Arrow Webtex Ltd (Person Acting in Concert) pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations.

The highest purchase price of Rs 93.85 per Share paid by Fasttrack Impex Pvt Ltd (Acquirer) towards the above mentioned open market purchase is less than the price of Rs 103.00 per share payable by Fasttrack Impex Pvt Ltd (Acquirer) / Arrow Webtex Ltd (Person Acting in Concert) under the Open Offer.

Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of AHRL who tender their shares in the Open Offer.

YES BANK Ltd (”Manager to the Offer”) on behalf of Fasttrack Impex Pvt Ltd (”Acquirer”) along with Arrow Webtex Ltd (”Person Acting in Concert”/”PAC”) has issued Corrigendum to the Public Announcement (”PA”) 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 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 (”Takeover Regulations” or “Regulations”).

Shareholders / beneficial owners of the Target Company may please note the following developments:

Revised offer Price:

In accordance with Regulations 26 of the Takeover Regulations, the Acquirer hereby revises the Offer price from Rs 102/- per share to Rs 103/- per Share.

The Terms not defined herein will have the same meaning as defined in PA. All other terms & conditions of the Offer remain unchanged.