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Vipul + Ahluwalia Contracts India Stock Split

September 1, 2007

The members of Ahluwalia Contracts India has passed resolution that the existing equity shares of the face value of Rs 10 each in the share capital of the company be sub-divided such that each equity share of the face value of Rs 10 each is sub-divided into face value of Rs 2 each and consequently, the authorised share capital of the company be divided into 10,00,00,000 equity shares of Rs 2 each and present issued, subscribed and paid up share capital of the company be divided into 6,27,62,560 equity shares of face value Rs 2.

That pursuant to the sub-division of the equity shares of the company, the issued, subscribed and paid up equity shares of face value Rs 10 each shall stand sub-divided into equity shares of face value Rs 2 each fully paid up.

The board of Vipul has considered and approved the sub-division / split of existing equity share of the company from 1 equity share of Rs 10 into 5 equity shares of Rs 2 each, subject to approval of the shareholders at the ensuing annual general meeting.

Further, the board has approved the scheme of amalgamation/merger of Metex Finance, Pushpendra Investments, DN Sons Agro, Landmark Suit, Meadows Golf Villas and PCMJ Buildcom wholly owned subsidiaries with the company.

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