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Board Meetings

Start Date	End Date	Purpose
14-Jan-2013	22-Jan-2013	Indiabulls Financial Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 22, 2013, inter alia, to consider and approve, the un-audited Financial Results of the Company for the quarter ended December 31, 2012 (Q3). With reference to the earlier announcement dated January 14, 2013, regarding Intimation of Board Meeting to be held on January 22, 2013, inter alia, to consider and approve, the un-audited Financial Results of the Company for the quarter ended December 31, 2012, Indiabulls Financial Services Ltd has now informed BSE that in the said meeting the Board shall also consider the declaration of second interim dividend for the FY 2012-13. (As per BSE Announcement Dated on 16.01.2013) Indiabulls Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 22, 2013, inter alia, has declared the Second Interim Dividend of Rs. 5.50/- per equity share (on the face value of Rs. 2 per share) for the financial year 2012-2013. (As per BSE Announcement Dated on 22.01.2013)
15-Oct-2012	22-Oct-2012	Indiabulls Financial Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 22, 2012, inter alia, to consider and approve, the un-audited Financial Results of the Company for the quarter ended September 30, 2012 (Q2) and to consider declaration of interim dividend, if any, on the Equity shares of the Company, for the financial year 2012-13. Indiabulls Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 22, 2012, inter alia, has declared an Interim Dividend of Rs. 8/- per equity share (on the face value of Rs. 2 per share) for the financial year 2012-2013. (As per BSE Announcement Dated on 22.10.2012)
12-Jul-2012	20-Jul-2012	Quarter results. Indiabulls Financial Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 20, 2012, inter alia, to consider and approve the un-audited Financial Results of the Company for the quarter ended June 30, 2012. (As Per BSE Announcement Website Dated on 12/07/2012)
09-Jun-2012	09-Jun-2012	Indiabulls Financial Services Ltd has informed BSE that in terms of shareholders' authorisation through a Postal Ballot on May 27, 2012, the Board of Directors of the Company has, at its meeting held on June 9, 2012, issued and allotted an aggregate of 2,07,00,000 (Two crore seven lacs) warrants. Such warrants are convertible into an equivalent number of Equity shares of face value Rs. 2 each, in the Company, within a period of eighteen months from the date of allotment as mentioned above.
19-Apr-2012	27-Apr-2012	Indiabulls Financial Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2012 inter alia, to consider and approve the audited financial results of the Company for the financial year ended March 31, 2012 and to consider recommendation / declaration of dividend, if any, on the Equity shares of the Company, for the financial year 2011-12. Indiabulls Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2012, inter alia, has recommended a dividend of Rs. 7 per share (350% on the face value of Rs. 2 per share) for the financial year ended March 31, 2012, subject to approval of shareholders at the ensuing Annual General Meeting of the Company. Indiabulls Financial Services Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on April 27, 2012, the Board reviewed the long term business strategy of the Company. In view of the fact that the majority of the existing and incremental business of the Company relates to housing finance business and all other Companies with similar asset profile and business are already licensed as Housing Finance Companies (HFCs), it was decided to restructure the business of the Company by merger of the Company with its wholly-owned housing finance Company (HFC) subsidiary Indiabulls Housing Finance Limited ('IHWLö). The merger will be effected through a scheme of amalgamation between the Company, IHFL and their respective shareholders and creditors (the ôSchemeö) as per the provisions of Section 391 to 394 of the Companies Act, 1956. The Scheme provides for amalgamation of the Company with IHFL, and various other matters consequential or otherwise integrally connected with the said amalgamation. Amarchand & Mangaldas & Suresh A Shroff & Co., Advocates and Solicitors are acting as legal advisors to the Company. The Appointed date of the amalgamation is April 01, 2012. Upon the Scheme becoming effective upon sanction by the High Court of Delhi, the shareholders of IBFSL will get 1 (one) equity share of Rs. 2 each of IHFL for every 1 (one) equity share of Rs. 2 each held by them in the Company, on the record date to be fixed by the Company in this regard. The aforementioned share exchange ratio is based on the valuation by an independent valuer and the fairness opinion provided by an independent merchant banker registered with the Securities and Exchange Board of India on the valuation report. The Scheme is subject to necessary approvals of shareholders, creditors, other regulatory approvals and the sanction of the High Court of Delhi. Further the Company has informed that, in order to augment the capital required for business growth over next few years, the Board has also approved the proposal to issue and allot to promoter entities, namely, Cleta Properties Private Limited, Cleta Buildtech Private Limited, Priapus Real Estate Private Limited, Hespera Real Estate Private Limited and to Mr. Gagan Banga and Mr. Ashwini Kumar the key managerial personnel, on a preferential allotment basis upto 2,07,00,000 (Two Crore Seven Lacs) warrants convertible into 2,07,00,000 (Two Crore Seven Lacs) equity shares of face value of Rs. 2 (Rupees Two only) each of the Company at a conversion price of Rs. 218/- (Rupees Two Hundred and Eighteen only) per equity share, in accordance with the applicable laws and guidelines (ôWarrantsö). The aggregate capital funds receivable by the Company, pursuant to the conversion of the Warrants, would be Rs. 451,26,00,000 (Rupees Four Hundred Fifty One Crore and Twenty Six Lacs only) with Rs. 112,81,50,000 (Rupees One Hundred Twelve Crore Eighty One Lacs Fifty Thousand only), representing 25% (twenty five per cent) of the total amount, received as an upfront contribution immediately prior to issue of the Warrants. The above proposal is subject to the satisfaction of various conditions, including obtaining necessary approvals from the shareholders and regulatory authorities, if any, prior to the actual allotment under the preferential issue. The Board of the Company has decided to obtain the approval of the members of the Company for the issue of Warrants, as aforesaid, and for amending the objects of the Company, through a postal ballot pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules 2001, and has appointed Mr. B. D. Tapriya, Practicing Company Secretary, as the scrutinizer for conducting the postal ballot process in a fair and transparent manner. The duly completed Postal Ballot Form should reach the scrutinizer by no later than 2 P.M. on May 27, 2012. The results of the Postal Ballot will be declared at the Registered Office of the Company on May 27, 2012 by 5 P.M. (As Per BSE Announcement Dated on 27.04.2012)