IRB Infrastructure - Outcome of Board Meeting

IRB Infrastructure Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has approved following :-

1. - Raising of funds by further issue of securities in Domestic / International markets through various instruments including equity shares / warrants with Non-Convertible Debentures under Qualified Institutions Placement (QIP) pursuant to the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as in force or Foreign Currency Convertible Bonds (FCCBs) or American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) etc subject to compliance with related provisions of law and other permissions, sanctions, approvals as may be required.

2. To Convene the Extraordinary General Meeting on November 25, 2009 to consider & to seek the approval of shareholders for above proposals.