SS - July 30, 2008

30 July 2008

Subject:	Vishal Retail - Outcome of Board Meeting
Announcement:	Vishal Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2008, inter alia, has considered and approved the following: 1. The Board decided to sale / transfer its divisions / undertakings, on a going concern basis, to its Subsidiary Companies, to synergies the operations of the Company and achieve an independent growth in each business segment of the Company. The Board considered and recommended the item for the approval of the Shareholders of the Company, through Postal Ballot Route under Sec. 192A read with Sec. 293(1) (a) of the Companies Act, 1956. 2. The Board has in principally approved the further issue of shares of the Company, subject to the approval of the shareholders of the Company and other Regulatory or Statutory Authorities, as may be required, under QIP Route / Further Public Offer (FPO) or such other route, as may be approved by the Committee constituted for the purpose. The approval of the shareholders for the same will be taken at the forthcoming Seventh Annual General Meeting of the Company. 3. The Board has decided to set up a Local Corporate Office (LCO) of the Company at Plot No. 7 & 18, Sector-5, IMT Manesar, Gurgaon, Haryana. Also, now it has been approved by the Board to shift the Investor Service Centre to Local Corporate Office. Henceforth, all the Investor queries / grievances will be addressed from our Local Corporate Office in future. 4. The Board has fixed the date and venue of Seventh Annual General Meeting of the Company. The Seventh Annual General Meeting of the Company will be held on September 08, 2008.

30 July 2008

Subject:	Mahindra & Mahindra - Outcome of Board Meeting
Announcement:	Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on July 30, 2008 have accorded its approval for acquisition of all the Business Assets of Kinetic Motor Company Ltd (KMCL), a two-wheeler company. The acquisition will be done through a New Company to be formed (New Co.). The consideration for the acquisition is a sum of Rs 110 crores (subject to closing due diligence) in cash plus 20 percent stake to KMCL in the New Co. Mahindra & Mahindra Ltd will hold the balance 80% of the Equity.

Divestiture from point of kinetic motors

30 July 2008

Subject:	Pokarna - Outcome of Board Meeting
Announcement:	Pokarna Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2008, inter alia, has constituted a "Business Restructuring Committee" consisting of Independent Directors to examin, review and suggest various options of restructuring Company's business to the Board of the Company.