Rajeswari Foundations Ltd – Award

Rajeswari Foundations Ltd has informed BSE that the
Company’s Chairman has been awarded as Best Achiever by World Friendship
Trust on January 09, 2007.

Rajeswari Foundations Ltd – Award

Rajeswari Foundations Ltd selected for Builders Line
Award 2005 – Best Building of the year in all aspects.

Rajeswari Foundations Ltd – Outcome of AGM

Rajeswari Foundations Ltd has informed BSE that the
members at the 13th Annual General Meeting (AGM) of the Company held on
September 07, 2006, inter alia, have accorded to the following:

1. Adoption of the Profit & Loss Account for the year ended March
31, 2006 and the Balance Sheet as at that date and the Report of the
Board of Directors and Auditors.

2. Declaration of Dividend of 5% (Re 0.50 per Equity Share) for the year
ended March 31, 2006.

3. Re-appointment of Mr. D Sekaran, as Director of the Company.

4. Appointment of Mr. R Sundararajan, Chartered Accountant, Chennai as
Auditor of the Company to hold office from the conclusion of this Annual
General Meeting up to the conclusion of the next Annual General Meeting
of the Company, on remuneration, terms and conditions.

5. Appointment of N P Jaganathan and K V Sambavadass, as Directors of
the Company.

6. Authority to revise the terms of remuneration payable to Mr. C
Ramamurthy, the Managing Director of the Company, from April 01, 2006,
for the residual term of office till September 30, 2008, as per the
terms and conditions set out in the resolution.

7. Appointment of Mrs. R Usha as Whole-Time Director of the Company for
a period of 5 years w.e.f. November 01, 2005 on remuneration, terms and
conditions.

Rajeswari Foundations fixes Book Closure

Rajeswari Foundations Ltd has informed BSE that the
Register of Members & Share Transfer Books of the Company will
remain closed from September 01, 2006 to September 07, 2006 (both days
inclusive) for the purpose of payment of final dividend & 13th
Annual General Meeting of the Company to be held on September 07, 2006.

Rajeswari Foundations Board recommends dividend

Rajeswari Foundations Ltd has informed BSE that the
Board of Directors of the Company at its meeting held on June 26, 2006,
inter alia, has recommended 5% Final Dividend for the financial year
2005-2006, in addition to the interim dividend of 5% already paid by the
Company.

Rajeswari Foundations Board Meeting on Jun 26, 2006

Rajeswari Foundations Ltd has informed BSE that a
meeting of the Board of Directors of the Company will be held on June
26, 2006, inter alia, to consider the Audited Financial Results for the
Financial Year ended March 31, 2006.

Further the Company has informed that the Board also consider the
payment of Final Dividend for the Financial Year 2005-2006.

Rajeswari Foundations – Outcome of EGM

Rajeswari Foundations Ltd has informed BSE that the
members at the Extraordinary General Meeting (EGM) of the Company held
on May 08, 2006, inter alia, have accorded to the following:

1. Increased in the Authorized Capital of the Company from Rs
5,00,00,000/- to Rs 10,00,00,000/- by further creation of 50,00,000
Equity Shares of Rs 10/- each aggregating to Rs 5,00,00,000/- ranking
pari passu with the existing Equity Shares of the Company. Now the
Authorized Capital of the Company is Rs 10,00,00,000/- divided into
1,00,00,000 Equity Shares of Rs 10/- each and Consequential Alteration
in Memorandum & Articles of Association of the Company.

2. Authority to the Board to issue, offer and allot 20,00,000 Warrants
at a price of Rs 25.00/- per share on preferential basis for cash to the
proposed allotees.

These warrants are convertible into equity shares at the ratio of one
equity shares for each warrant over a time of 18 months in two or more
trenches.

Rajeswari Foundations – EGM on May 08, 2006

Rajeswari Foundations Ltd has informed BSE that an
Extraordinary General Meeting (EGM) of the members of the Company will
be held on May 08, 2006, inter alia, to transact the following business:

1. Increase in the Authorized Share Capital of the Company from Rs 50
million to Rs 100 million and consequential alterations in the
Memorandum of Association and Articles of Association of the Company.

2. Issue of 20,00,000 warrants issued to Promoters on Preferential
basis.
 

Rajeswari Foundations chalks out Rs 900 mn expansion

Rajeswari Foundations Ltd has announced that the
Company is propose to setting up of modern Township Project with all the
amenities of standards of quality and style quality and style mainly for
the purpose of catering to the requirement of Software Professionals and
NRI’s at Singaperumal Koil (Near Mahindra City). Mahindra City is spread
over 1400 acres and the major software giants alone would house of 5000
employees.

The Company has plans to develop well defined modern
"Township" with high class infrastructure and high quality of
construction with adequate green spaces. The Township is conceived as an
integrated campus style development with adequate support amenities like
shopping Malls, Multiplexes, Entertainment Park and swimming pools etc.
The project would come up with total built up area of 7.20 lakh sq. ft
in two phases which consist of 3.60 lakh Sq.Ft. in each phase (built up
area per bungalow to an extent of 1500 sq.ft for 15 bungalows in an
acre).

The proposed project would include power from the state grid with 100%
on site power backup, and state-of-art telecommunications facilities,
availability of Scorpios drinking water and easily accessible with the
transportation needs.

The proposed project cost is approximately Rs 600 million. The Company
expect to complete this project with in 18 months and expect to generate
income around Rs 900 million.

Project Details

A] Completed Projects

1. Place : Mugalivakkam Phase I
No of Bungalows : 12
Price each : Rs 2.10 million
Total Cost : 25.20 million

2. Place : Madipakkam Phase I
No of Bungalows : 8
Price each : Rs 1.40 million
Total Cost : Rs 11.20 million

3. Place : Mugalivakkam Phase II
No of Bungalows : 12
Price each : Rs 2.40 million
Total Cost : Rs 28.80 million

4. Place : Mugalivakkam Phase III
No of Bungalows : 8
Price each : Rs 2.60 million
Total Cost : Rs 20.80 million

B] Work in Progress

1. Place : Mugalivakkam Phase III
No of Bungalows : 2
Price each : Rs 2.80 million
Total Cost : Rs 5.60 million

2. Place : Arumugam Nagar
No of Bungalows : 3
Price each : Rs 2.86 million
Total Cost : Rs 8.58 million

3. Place : Nanmangalam
No of Bungalows : 8
Price each : Rs 2.00 million
Total Cost : Rs 16.00 million

C]. Projects in Hand (Land Purchased)

1. Place : Madipakkam Phase II
No of Bungalows : 12
Price each : Rs 2.50 million
Total Cost : Rs 30.00 million

2. Place : Selaiyur
No of Bungalows : 9
Price each : Rs 2.60 million
Total Cost : Rs 23.40 million

3. Place : Pallikaranai
No of Bungalows : 12
Price each : Rs 2.20 million
Total Cost : Rs 26.40 million

4. Place : Chengleput (Near Mahindra City)
No of Bungalows : 9
Price each : Rs 2.00 million
Total Cost : Rs 18.00 million

5. Place : Kumudam Nagar (Mugalivakkam)
No of Bungalows : 3
Price each : Rs 5.00 million
Total Cost : Rs 15.00 million

D] Proposed Projects – (Mega Township)

1. Place : Singaperumal Koil – Phase I (Mahindra City)
No of Bungalows : 125
Price each : Rs 2.00 million
Total Cost : Rs 250.00 million

2. Place : Singaperumal Koil – Phase II (Mahindra City)
No of Bungalows : 325
Price each : Rs 2.00 million
Total Cost : Rs 650.00 million