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Edelweiss Capital Ltd has informed BSE that under Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001 along with a Postal Ballot form being sent to the shareholders to consider and, if thought fit, to pass a Special resolution under section 372A of the Companies Act, 1956 for authorizing Board to make Inter - Corporate loans to bodies corporate, giving guarantees or providing securities in connection with loans and making investments in bonds, debentures or other securities beyond the limits prescribed.

Edelweiss Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2008, inter alia, have also taken the following decisions :

1. Approval for convening of the next Annual General Meeting of the Company on July 11, 2008 and the draft notice thereof.

2. Approval of the scheme of ESOP titled as ‘Edelweiss Employee Stock Incentive Plan
2008′ for the benefit of the employees of the Company and its subsidiaries subject to
the shareholders’ and other statutory approvals. The Scheme will consider Issuance of
12 lac equity shares to the current and future employees of the Company and of its  subsidiaries.

Edelweiss Capital Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Company has posted a net profit after tax of Rs 100.10 million for the quarter ended March 31, 2008 as compared to Rs 53.10 million for the quarter ended March 31, 2007. Total Income has increased from Rs 201.90 million for the quarter ended March 31, 2007 to Rs 712.00 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Company has posted a net profit after tax of Rs 287.80 million for the year ended March 31, 2008 as compared to Rs 270.60 million for the year ended March 31, 2007. Total Income has increased from Rs 753.70 million for the year ended March 31, 2007 to Rs 1876.60 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Unaudited consolidated results for the Quarter ended March 31, 2008

The Group has posted a net profit after minority interest of Rs 825.50 million for the quarter ended March 31, 2008 as compared to Rs 373.80 million for the quarter ended March 31, 2007. Total Income has increased from Rs 1358.80 million for the quarter ended March 31, 2007 to Rs 4057.80 million for the quarter ended March 31, 2008.

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a net profit after minority interest of Rs 2732.40 million for the year ended March 31, 2008 as compared to Rs 1098.90 million for the year ended March 31, 2007. Total Income has increased from Rs 3717.60 million for the year ended March 31, 2007 to Rs 10888.60 million for the year ended March 31, 2008.

Edelweiss Capital Ltd has informed BSE that a meeting of the Board of Directors of the
Company will be held on or before June 30, 2008, i.e. within the prescribed period of three months of the close of the accounting year, at which the audited financial results of the Company for the year ended March 31, 2008 will be considered by the Board.

Accordingly, the Company will furnish its audited financial results for the year ended March 31, 2008 within the aforesaid period of three months and will also arrange for publication of the said results in the prescribed manner. Hence the Company will not publish unaudited financial results for the quarter ended March 31, 2008.

Edelweiss Capital Ltd has informed BSE that ICRA Ltd has assigned “LAA-” (pronounced L double A minus) rating for the Long Term Debt (including index linked debenture) Programme of Rs 200 Crores of Edelweiss Capital Ltd. The rating indicates the high-credit-quality rating assigned by ICRA and that the rated instrument carries relatively low risk.

Edelweiss Capital Ltd has informed BSE that the Board of Directors of the Company, through circular resolution passed on March 10, 2008, have decided to borrow upto a sum of Rs 200 crores by way of issue of Secured / Unsecured, Convertible / Non Convertible, Redeemable / Irredeemable Debentures in one or more tranches of the face value as may be decided from time to time and to subsequently list such debentures at the Wholesale Debt Market of the Bombay Stock Exchange Ltd and / or National Stock Exchange of India Ltd and / or any other regional or other stock exchange.