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Housing Development & Infrastructure Ltd (HDIL) has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 3179.30 million for the quarter ended June 30, 2008 as compared to Rs 2026.80 million for the quarter ended June 30, 2007. Total Revenue has increased from Rs 4458.40 million for the quarter ended June 30, 2007 to Rs 5880.30 million for the quarter ended June 30, 2008.

Housing Development & Infrastructure Ltd (HDIL) has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2008, inter alia, has considered and approved the following matters subject to approval of the shareholders:

1. Appointment of two independent directors.

2. Investment in shares of subsidiary Companies.

3. To pass the Resolutions by way of postal ballot with respect to following business:

- Alternation of object clause.

- Increase in FII limit.

- Increase in borrowing powers.