HINVDIR

Il&Fs Investsmart Limited has informed the Exchange that Mr. Sunil Alagh has been appointed as an Additional Director on the Board of the Company in its meeting held on October 11, 2005.

Fidelity International has informed the Exchange that FMR Corp and its direct and indirect subsidiaries and Fidelity International Limited (FIL) and its direct and indirect subsidiaries have acquired 333,196 shares aggregating to 0.76% of the total paid up capital of IL & FS Investsmart Limited on October 11, 2005. The mode of acquisition is through Open Market and the shareholding of FMR Corp and its direct and indirect subsidiaries and Fidelity International Limited (FIL) and its direct and indirect subsidiaries after the said acquisition is 2,436,294 shares aggregating to 5.56% of the total

Il&Fs Investsmart Limited has informed the Exchange that the shareholders of the Company unanimously approved the following at the EGM held on September 29, 2005: (1) Increase in Authorised Capital by Rs.250 million from Rs.500 million to Rs.750 million. (2) Raising of share capital in the International Capital Markets by way of issue of Global Depository Receipts (GDRs) for the amount not exceeding US$ 90 mn excluding Green Shoe Option which may be issued to the extent of 10% of the issue size. (3) Resolution allowing increase in the threshold limit of FII holding to a maximum extent of 74% o

IL&FS Investsmart Limited has submitted to the Exchange a copy of the Notice of EGM of the Company scheduled to be held on September 29, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Il&Fs Investsmart Limited has informed the Exchange that the BODs took the following decisions at their meeting held on September 02, 2005: (1) The Board approved raising of share capital in the International Capital Markets not exceeding US$ 90 mn excluding Green Shoe Option by way of Global Depository Receipts (GDRs). (2) The Board approved floating of subsidiaries for establishing offices in Dubai and Singapore for pursuing capital market and other related business activities. (3) The Board approved increase in the paid-up capital of the following three subsidiaries in the following manner: