Housing Development and Infrastructure board approves forfeiture

Housing Development and Infrastructure has informed that the board of directors of the company at its meeting held on May 30, 2012, has approved forfeiture of outstanding 2,20,00,000 convertible warrants issued to Sarang Wadhawan, promoter of the company.

Further the board approved the notice convening 16th annual general meeting of the company along with Directors’ Report and Corporate Governance Report for the financial year ended March 31, 2012.

The above information is part of company’s filing submitted to the BSE.