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With reference to the news item appearing in a leading financial daily titled “Ansal to offload 16% stake in Greater Noida project”, Ansal Properties & Infrastructure Ltd has clarified to BSE that the news about Company’s strategic stake sale of 15% or more to any investor for Rs 1900 crores is not the factual position. Further, any other details attributable to the Company, with regard to the said project and not in consonance with the earlier announcements given to Stock Exchanges in this regard, from time to time, are incorrect and hereby denied.

Ansal Properties & Infrastructure Ltd has informed BSE that HDFC Asset Management Company Ltd (HDFC-AMC) made investment in Ansal Hi-Tech Townships Ltd (Ansal Hi-Tech) (presently a
Subsidiary of the Company) for participation in the development and construction of Hi-Tech Township in NCR Region. The Investment was made in terms of the Shareholders Agreement and Debentures Subscription Agreement executed with HDFC-AMC.

Ansal Properties & Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2008, to consider the following:

1. (a) Approval of the Audited Annual Accounts for the year ended March 31, 2008.

(b) Taking on record the Audited Financial Results for the Year ended March 31, 2008.

2. Recommendation of Final Dividend, if any, for the aforesaid year.

Ansal Properties & Infrastructure Ltd has informed BSE that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

“1. Reference is invited to Note No 2 of the unaudited statement of financial results regarding the change in the basis of accounting from April 01, 2007. The impact due to change in the case of stand alone financial, results for the quarter ended December 31, 2007 is increase in sales and profit before tax by Rs 279 lacs and Rs 40 lacs respectively and in the case of results of nine months period ended December 31, 2007, increase in sales and profit before tax by Rs 590 lacs and Rs 339 lacs respectively.

2. The financial statements are subject to adjustments pursuant to the limited review carried out by the auditors as under:

i. In the case of stand alone statement of financial results for the quarter ended December 31, 2007, the profit after tax is Rs 4498 lacs as against the published figure of Rs 4,891 lacs; and in the case of nine month period ended December 31, 2007 the profit after tax is Rs 12,912 lacs as against the published figure of Rs 13,305 lacs;

ii. the basic and diluted earnings per share (EPS) in the case of stand alone statement of financial results for the quarter ended December 31, 2007 are Rs 3.96 and Rs 3.90 respectively instead, of published figure of Rs 4.31 and Rs 4.24 and in the case of financial statements for the nine months period ended December 31, 2007 the figures are Rs 11.38 and Rs 11.20 instead of Rs 11.72 and Rs 11.54 mentioned in the published results.“

Ansal Properties & Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 27, 2008, has allotted 1,00,00,000 Secured Redeemable Non Convertible Debentures (SRNCD) having the face value of Rs 100/- each, for cash, at par (i.e. aggregating to Rs 100 crores) by way of private placement to LIC Mutual Fund, Mumbai (in short “LICMF”), having the tenure of less than 365 days.

Ansal Properties & Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2008, has decided to issue 1,00,00,000 Secured Redeemable Non Convertible Debentures (SRNCD) having the face value of Rs 100/- each, at par, by way of private placement to LIC Mutual Fund (i.e. aggregating to Rs 100 crores) having the tenure of 364 days. The said issue of SRNCDs is pursuance to the authorization given by members vide Special Resolution passed at their Annual General Meeting held on September 22, 2007 to issue securities including debentures by various modes including private placement basis u/s 81(1A) and other applicable provisions of the Companies Act, 1956.