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Bombay Rayon Fashions Ltd has informed BSE that pursuant to an Order made on July 11, 2008, the Hon’ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of “Bombay Rayon Fashions Ltd” (the Applicant Company) will be held on August 08, 2008, for the purpose of considering; and if thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Amalgamation of “LEELA SCOTTISH LACE PVT LTD”, the Transferor Company with “BOMBAY RAYON FASHIONS LTD“, the Transferee Company / Applicant Company.

Bombay Rayon Fashions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2008, inter alia, for the approval of the Audited Financial Results for the year ended March 31, 2008, and also to consider recommendation of dividend, if any, on equity shares of the Company for the year ended March 31, 2008.

Bombay Rayon Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 16, 2008, inter alia, has considered and approved allotment of 61,00,000 Equity Shares to promoters, consequent to exercise of option for conversion of 61,00,000 Optionally Convertible Warrants at an Exercise price of Rs 207/- per Equity Share issued in accordance with SEBI Guidelines for Preferential Issue.

Bombay Rayon Fashions Ltd has informed BSE that the Company is setting up the manufacturing units in the integrated Textile Parks at Islampur & Latur for which concerned SPVs has received approvals from the Ministry of Textiles of Government of India sanctioning the Project under the Scheme for Integrated Textile Park (SITP) entitling to get subsidy of 40% of total infrastructure cost for setting up the same by the SPVs.

Bombay Rayon Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2008, inter alia, has considered / noted / approved the following:

1. Entering into Terms of Understanding for taking over the Brand ‘GURU’ and other related retail business on going concern basis, by wholly ? owned subsidiary of the Company BRFL Europe B.V. Netherlands with an Italian Company Jam Session Holdings S.r.l, for a total consideration of EURO 33 millions by exercising the Call/Put option within 42 months & till than operate the Brand & Business on Lease basis.

2. Scheme of amalgamation of its wholly ?owned subsidiary ‘Leela Scottish Lace Pvt Ltd.’ into the Company subject to the necessary approvals.

Bombay Rayon Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2008, inter alia, has considered and approved the acquisition of a ‘Garment Unit‘ of Maryan Apparel Pvt Ltd at a consideration of Rs 14.74 crores Maryan Apparel Pvt Ltd is engaged in the business of manufacturing & exports of garments having its manufacturing facility at KINFRA International Apparel Park, Kizhakutpal, Thiruvannthapuram. The Board has approved the necessary Memorandum of Understanding (MOU) to be entered into & taking necessary actions in this regard.