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With reference to the earlier announcement dated June 30, 2008, regarding Outcome of Board Meeting held on June 28, 2008, Ganesh Benzoplast Ltd has now informed BSE that in the said Board Meeting, it was also decided to convene an Extra Ordinary General Meeting of the Company on July 25, 2008 for the purpose of obtaining shareholder approval to issue and allot equity shares on preferential basis as per SEBI guidelines to promoters by way of conversion of unsecured loans already brought in and also to seek shareholder approval wherever necessary for purpose of restructuring and reorganizing the debts of the Company.

Ganesh Benzoplast Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2008, inter alia, has transacted the following business:

1. A proposal for restructuring of loans and other outstanding dues with IDBI and IFCI has been considered and Mr. Rishi Pilani, Director of the Company has been authorized to discuss the matter further and conclude the same as he may deem fit in the best interest of the Company.

2. A proposal to issue equity shares to promoters of the Company on preferential basis as per applicable SEBI guidelines was also considered which would be finalized along with the overall restructuring of the Company.

3. Mr. Gyan Chordia & Mr. Raunak Pilani has been appointed as Additional Directors of the Company.

4. Mr. Ramesh Pilani, Mr. Ramakant Pilani and Mr. Ranju Pilani have resigned from the Board of Directors of the Company.

5. It is proposed to change the name of the Company to Ganesh Infrastructure Ltd., subject to the availability and necessary approvals.

With reference to the earlier announcement dated on dated on June 16, 2008 and June 20, 2008 regarding the board Meeting proposed to be held on June 28, 2008 to consider the audited accounts of the Company for year ended March 31, 2008 and also to consider appointment of an independent director, Ganesh Benzoplast Ltd has informed BSE that the Company is now proposed to also consider the following additional matters in the said Board Meeting:

1. To consider a proposal for settlement / restructuring of outstanding debt and dues of lenders as per terms of sanction received and if approved, to take on record the same with or without modifications thereto.

2. To consider appointment of Mr. Gyan Chordia as an additional director of the Company.

With reference to the earlier announcement dated June 16, 2008 regarding meeting of the Board of Directors on June 30, 2008, Ganesh Benzoplast Ltd has now informed BSE that due to pre-occupancy of directors , the Board meeting will be held on “June 28, 2008″ instead of “June 30, 2008″ to consider the Audited Financial Results of the Company for the year ended March 31, 2008 and appointment of Independent Director.

Ganesh Benzoplast Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 10, 2008, to consider and approve the resignation of Shri. Gyan Chordia from the Board of the Company and appointment of an additional Director in place of Shri. Gyan Chordia.