ADVANI HOTELS and RESORTS (INDIA) LTD. - Clarifies on News Item

With reference to the news item appearing in a leading financial daily titled "ITC Hotels may Check into Ramada Caravela for Rs. 700Cr.", Advani Hotels and Resorts (India) Ltd has Clarified to BSE as under:<br/><br/>" The Company had no such negotiations or even discussions in this respect and hence, the question of giving any intimation to the Stock Exchanges does not arise.<br/><br/> No. The Company does not have any information on the given subject and hence, intimation to the Stock Exchanges does not arise."