Hyderabad, May 9, 2009: The Directors of the newly constituted Maytas Infra Ltd. Board today reviewed and cleared the reference to the Corporate Debt Restructuring forum. The clearance came after SBI Capital Markets, consultants to the CDR scheme made a presentation to the board. Major lenders of Maytas Infra Ltd., were also present during the meeting to review the CDR.

The Board of Directors also reviewed the status on various BOT projects of the company, along with the Hyderabad Metro Rail project and the future action to be taken. As the CDR scheme is likely to be approved soon, the Board is optimistic on the execution of various projects taken up by the company.