CHD Developers - EGM On Feb 24, 2007

CHD Developers Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 24, 2007, inter alia, to transact the following:1. For borrowing from time to time any sum or sums of money which already borrowed by the Company (apart from temporary loans obtained from the bankers of the Company in the Ordinary course of business) shall not exceed in the aggregate at any one time Rs 1000 crores irrespective of the fact that such aggregate amount of borrowing outstanding at any time may exceed the aggregate, for time being, of the paid up capital of the Company and its free reserves that is to say, reserves not set apart for any specific purpose, subject to necessary provisions & approvals.2. To create, offer, issue & allot at any time to or for the benefit of such person(s) who are in the permanent employment of the Company including the Directors of the Company, as may be decided solely by the Board under the scheme, titled Employees Stock Option Plan (the ESOP or the scheme) such number of equity shares and / or equity linked instruments (including options) and / or any other instrument or securities of the Company which would give rise to the issue of the equity shares not exceeding 25,00,000 in number as on at such price, in the manner, during such period in one or more trenches and on such other terms and conditions as the Board may decides in accordance with the regulations or the other provisions of the law as may be prevailing at the relevant time, subject to necessary provisions & approvals.