Pearl Global signs collaboration agreement with DLF Retail Developers

Pearl Global Ltd has informed that the Company has signed a Collaboration agreement with DLF Retail Developers Ltd. for development of its real estate property situated on prime location on NH -8, Gurgaon, measuring 9.20 acres (Earlier Company had signed agreement with Ansal Properties and Infrastructure Ltd for the development of this property which has been now canceled and replaced with fresh collaboration agreement with DLF Retail Developers Ltd).

Further a meeting of the Board of Directors will be held on December 14, 2007, to consider and approve resolution for commencement of new business subject to approval of shareholders "to set up, buy, sell or let on hire, industrial estates, lands and buildings, buy and sell lands for the industrial estates and carry on the business of builders and contractors".