VISHALEXPO

Vishal Exports Overseas Limited has informed the Exchange that "The Board of Directors of the Company at its meeting held on Friday, 23rd March, 2007 has considered and approved the proposal for demerger/sale/transfer of the "Wind Farm Project" of the Company situated in the state of Rajasthan and Tamilnadu, on a going concern basis. The proposed demerger/sale/transfer is subject to the approval of the members through Postal Ballot and any other competent authority as may be required for affecting the aforesaid demerger/sale/ transfer".

Vishal Exports Overseas Limited has informed the Exchange that following shareholders falling under Promoters Group have sold their shares of Vishal Exports Overseas Limited. The details are as follows: 1) Smt. Sonal D Mehta has sold 4751335 shares. 2) Smt. Kantaben S. Mehta has sold 2047760 shares. 3) Smt. Ushaben P. Mehta has sold 2440665 shares. 4) Smt. Raxa M. Doshi has sold 1247335 shares. 5) Smt. Rachana Y. Parikh has sold 1247335 shares. The post sale holding of the above named shareholders are NIL.