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Centrum Capital Ltd has informed BSE about the following changes in the Board of Directors of the Company, by the circular resolution passed by Board of Directors of the Company on
July 16, 2008 :

1. Acceptance of resignation of Mr. Rajesh Nanavaty.

2. Approval of appointment of Mr. Dhanpal Jihaveri as an additional director on the Board of Directors of the Company.

3. Approval of appointment of Mr. Sameer Sain as an additional director on the Board of Directors of the Company.

Centrum Capital Ltd has informed BSE that members of the Company, by way of the Postal Ballot, have passed the Special Resolution authorizing the Board of Directors of the Company to make any loan, giving any guarantee, provide security and to acquire by way of subscription, purchase or otherwise the securities of any body corporates up to Rs 500 Crores, with requisite majority.

Centrum Capital Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 05, 2008, inter alia, have accorded the following:

1. Authority to the Board to offer, issue and allot under an “Employee Stock Purchase Scheme or ESPS Scheme 2008″, up to 7,13,157 (representing 12.43% of the current equity share capital of the Company) fully paid equity shares (face value of Rs 10/- each) in the Company either directly or through a “Centrum ESPS Trust” (”Trust”), subject to necessary provisions & approvals.

2. Authority to the Board to extend the benefits of ESPS 2008 Scheme of the Company as proposed in the resolution under item no. 1 in this Notice to such person(s) who are in permanent employment of its subsidiaries namely Centrum Direct Ltd, Centrum Infrastructure and Realty Ltd, Centrum Investments Ltd and Centrum Wealth Managers Ltd including any Director of such Companies or such other persons / Companies, as may from time to time be allowed under laws, rules, regulations and guidelines as may be applicable from time to time, on such terms and conditions as may be fixed or determined by the Board on payment of the requisite exercise price to the Company / Trust, subject to necessary provisions & approvals.

3. Authority to the Board to offer, issue and allot up to 6,82,810 fully paid equity shares (face value of Rs 10/- each) in the Company at a rate of not exceeding Rs 1,758/- per share i.e. at a premium of Rs 1,748/- per share ranking pari passu with the existing equity shares in all respect to Indivision India Partners, a Mauritius based Private Equity Fund without offering the same to the persons who at the date of offer are holders of the equity shares of the Company, subject to necessary provisions & approvals.

Centrum Capital Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution to make any loan(s) to, and / or give any guarantee(s), and provide any security(ies) in connection with loan(s) made by any other person to, or to any other person by, and / or acquire, by way of subscription, purchase or otherwise the securities of, one or more body(ies) corporate fulfilling the criteria specified in the Explanatory Statement annexed hereto even if such loans, guarantees, securities and investments together with the aggregate of loan(s) made, guarantee(s) given, security(ies) provided and investment(s) made from time to time is in excess of the ceiling prescribed under section 372A of the Companies Act, 1956 computed on the basis of the Audited Accounts of the financial year immediately preceding the financial year in which such loans are made, guarantees given, securities provided and investments made, provided that the excess over the ceiling prescribed under section 372A of the Companies Act, 1956 computed at the beginning of the financial year will not at any time exceed Rs 500 Crores, subject to necessary provisions & approvals.

The Company has appointed Mr. Mukesh Siroya, a Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on April 11, 2008. The scrutinizer shall submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced by the Chairman or Managing Director on April 12, 2008.

Centrum Capital Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 05, 2008, inter alia, to transact the following Special businesses:

1. To offer, issue and allot under an “Employee Stock Purchase Scheme or ESPS Scheme 2008″, up to 7,13,157 (representing 12.43% of the current equity share capital of the Company) fully paid equity shares (face value of Rs 10/- each) in the Company either directly or through a “Centrum ESPS Trust” (”Trust”), subject to necessary provisions & approvals.

2. To extend the benefits of ESPS 2008 Scheme of the Company as proposed in the resolution under item no. 1 in this Notice to such person(s) who are in permanent employment of its subsidiaries namely Centrum Direct Ltd, Centrum Infrastructure and Realty Ltd, Centrum Investments Ltd and Centrum Wealth Managers Ltd including any Director of such Companies or such other persons / Companies, as may from time to time be allowed under laws, rules, regulations and guidelines as may be applicable from time to time, on such terms and conditions as may be fixed or determined by the Board on payment of the requisite exercise price to the Company / Trust, subject to necessary provisions & approvals.

3. To offer, issue and allot up to 6,82,810 fully paid equity shares (face value of Rs 10/- each) in the Company at a rate of not exceeding Rs 1,758/- per share i.e. at a premium of Rs 1,748/- per share ranking pari passu with the existing equity shares in all respect to Indivision India Partners, a Mauritius based Private Equity Fund without offering the same to the persons who at the date of offer are holders of the equity shares of the Company, subject to necessary provisions & approvals.

Centrum Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 11, 2008, has approved the following:

1. Allotment of up to 409,686 equity shares under the SEBI Employee Stock Purchase Scheme.

2. Preferential Allotment of up to 682,810 Equity Shares aggregating approximately Rs 120 crore, at an issue price of Rs 1758/- to Indivision India Partners, a Mauritius based Private Equity Fund, subject to requisite shareholder/ regulatory and other approvals.

The aforesaid Preferential Issue would be, subject to approval of the shareholders and other regulatory authorities, be inter alia in compliance of SEBI Guidelines for
Preferential Issues. The pricing of the equity shares is as per Chapter XIII of SEBI
(DIP) Guidelines, 2000.

In this regard, the Board of Directors has also approved convening an Extra Ordinary General Meeting of the Members of the Company on April 05, 2008 for getting the shareholders approval for the aforesaid. Accordingly the relevant date for the purpose of preferential allotment would be March 06, 2008.

3. Further the following are the updates w.r.t the subsidiaries of the Company:

- Centrum Direct Ltd (CDL) has approved issuance of 2,958,121 equity shares representing 50.10% of the post issue capital to Future Capital Holdings Ltd.

- Centrum Wealth Managers Ltd (CWML) has approved issuance of 1,405,600 equity shares representing 50.10% of the post issue capital to Future Capital Holdings Ltd.

Centrum Capital Ltd has informed BSE that the committee appointed by the board, has considered and approved the proposal of making Centrum Broking Pvt Ltd as the subsidiary of the Company subject to the approval of all the concerned Regulatory Authorities.