BSEL Infrastructure Realty has announced that its shareholders, at the Extraordinary General Meeting (EGM) held on 10 December 2005, inter alia, have approved and passed the following resolutions:

1. Increased in authorised share capital from Rs 50,00,00,000 divided into 5,00,00,000 equity shares of Rs 10 each to Rs 75,00,00,000 divided into 75,000,000 equity shares of Rs 10 each by creation of 2,50,00,000 equity shares of Rs 10 each and consequential amendment in Memorandum & Articles of Association of the company.

2. Authority to the board to borrow up to Rs 750 crore in excess of the paid-up capital and free reserves of the company from time to time.

3. Authority to the board to create / mortgages / charges / hypothecation on the assets of the company to secure any loans and / or advances and / or guarantees / or financial assistance from banks, financial institutions or any other entity etc.