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Thakkers Developers Ltd has informed BSE that the Board of Directors of the Company to be held on June 30, 2008, has been rescheduled to July 09, 2008, since declaration of dividend inadvertently was not included in the previous agenda.

The revised agenda is as under:

1. Adoption of annual accounts for the year ended March 31, 2008.

2. To consider declaration of dividend.

3. To consider and fix the record date for the issue of Bonus Shares.

Thakkers Developers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 09, 2008, inter alia, to transact the following:

1. Adoption of annual accounts for the year ended March 31, 2008.

2. To consider declaration of dividend.

3. To consider and fix the record date for the issue of bonus shares.

Thakkers Developers Ltd has informed BSE that:

1. The 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 from the close of the accounting year to consider the audited financial results for the year ended on March 31, 2008.

2. Accordingly, the Company will furnish its audited financial results for the year ended on March 31, 2008 within the aforesaid period of three months from the end of accounting year. Hence, the Company will not publish unaudited financial results for the quarter ended on March 31, 2008.

Thakkers Developers Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the following resolutions, with requisite majority:

1. Ordinary Resolution for increasing the authorised share capital of the Company.

2. Ordinary Resolution for alteration of Clause V of the Memorandum of Association of Company.

3. Special Resolution for alteration of Article 3 of the Articles of Association of the Company for increasing the authorised share capital.

4. Special Resolution for capitalization of profit / reserve and issue of Bonus Shares.

5. Ordinary Resolution for creation of mortgage / charge on Company’s assets.

6. Ordinary Resolution for increasing the borrowing limits of the Company.

Thakkers Developers Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:

1. To increase the Authorised Share Capital of the Company from Rs 4,50,00,000 (Four Crore Fifty Lacs Only) divided into 45,00,000 (Forty Five Lacs) equity shares of Rs 10/- (Rupees Ten) each to Rs 15,00,00,000 (Fifteen Crores Only) divided into 1,50,00,000 (One Crore Fifty Lacs) equity shares of Rs 10/- (Rupees Ten) each & consequential amendments in the Memorandum & Articles of Association of the Company.

2. A sum at Rs 4,50,00,000/- out of the Company’s general reserve forming part of the undistributed profits of the Company be capitalized and that the said sum so capitalized be applied in paying up in full at par 4500000 new equity shares of Rs 10/- each (”Bonus Shares”) in the share capital of the Company to be allotted and distributed as fully paid- up Bonus Shares to and amongst the members who are on the Register of Members of the Company as the holders of Equity Shares in the Company on such date as may hereafter be determined by the Board of Directors of the Company (”the Board”) in the proportion of One Bonus share for every one equity share held by such members respectively on that date on the footing that they become entitled to the bonus shares as capital and not as income, subject to necessary provisions & approvals.

3. To sell or dispoe off entire or substantial undertaking and / or to mortgage and / or charge immovable and movable properties whosesoever situate both present and future of the whole or substantiality the whole of the undertaking or undertakings of the Company with power to take over the management of the business and concern of the Company and to enter up on and take possession of the assets of the Company in certain events of default for the purpose of securing (i) any loan availed or obtained from any banks, companies, bodies corporate, mutual funds or other lending institutions, firms or person(s) and / or (ii) any debentures or any other securities / instruments whether convertible or non-convertible which may be issued and or allotted from time to time to any of the aforesaid or to the shareholders or to any other person(s) together with interest cost, charges, expenses and any other money payable by the Company or an aggregate nominal value not exceeding Rs 100 Crores (Rupees One Hundred Crores only), subject to necessary provisions & approvals.

4. For borrowing money for the business of the Company from time to time notwithstanding that the money to be borrowed together with money already borrowed by the Company (apart from temporary) loans obtained from Company’s bankers in the ordinary course of business) will or may exceed an aggregate of the paid-up capital of the Company and its free reserves, but so that the total amount upto which money may be borrowed by the Board of Directors shall not at any time exceed Rs 100 Crores (Rupees One Hundred Crores only), subject to necessary provisions & approvals.

The Board of Directors at its meeting held on March 08, 2008 has appointed Mr. Ashok Surana, 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 on or before April 15, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on April 17, 2008.

Thakkers Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 08, 2008, inter alia, has resolved for the following matters:

1. Considered to increase authorized capital from Rs 4.5 crores to Rs 15 Crores.

2. Considered to amend Clause V of the Memorandum of Association for increasing the authorised capital.

3. Considered to amend Article 3 of the Articles of Association for increasing the Authorised Capital.

4. Considered to capitalise undistributed profit / General Reserves of Rs 4.50 crores and issue Bonus shares in the ratio of 1:1 to the existing share holders.

5. Considered to authorise Board of Directors for creation of charge.

6. Considered to authorise Board to borrow up to Rs 100 Crores.

7. Appointed Shri. Sudhakar V Joshi, I.A.S. (Retd.) as independent director of the Company.

8. Considered to pass all the above resolutions by Postal Ballot and approved the Notice u/s 192(A).

9. Appointed Mr. Ashok Surana, Practising Company Secretary as Scrutiniser to conduct the process of Postal Ballot and authorized Mr. Jitendra M Thakker, Chairman & Mr. Rajendra M Thakker, Managing Director to conduct the postal ballot procedure.