(IRGP.L) Indian Restaurants Group PLC Buy/Sell

RNS Number : 6597W Indian Restaurants Group PLC 31 July 2009

Indian Restaurants Group Plc

Restaurant Update

31 July 2009

The Board announced within its interim results for the six month period to 31 March 2009 that it had closed the Mela unit at Herne Hill (owned by the Group's wholly owned subsidiary Param Consultancy Limited ("Param") and previously known as 3 Monkeys) to protect the Group from further losses. The Company had marketed the unit for sale and received some interest but this did not materialise into an acceptable offer.

Further to additional consultation with and advice from the Company's bank, HSBC, Jeremy Willmont and Phillip Sykes of Moore Stephens LLP, 1-3 Snow Hill, London EC1A 2DH were appointed administrators on 30 July 2009 to Param.

Contact:

Indian Restaurants Group Plc

Haresh Kanabar, Chairman, 0207 297 0010

Amit Pau, Chief Executive, 0207 297 0012

W.H. Ireland

Tim Cofman-Nicoresti/Katy Birkin

0121 265 6330

This information is provided by RNS The company news service from the London Stock Exchange

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