Raghava Estates - Outcome Of Board Meeting

Raghava Estates Ltd has informed that the Board of Directors of the Company at its meeting held on June 25, 2007 has taken the decision to send final notice before forfeiture to all the partly paid share holders those failed to pay the allotment money against the final reminder sent on May 16, 2007. The Board also authorise the Managing Director of the Company Mr. L Ravindra Rao to sign on the letters to be sent to defaulted partly paid share holders.