Action Financial - EGM On Mar 19, 2007

Action Financial Services India Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 19, 2007, inter alia for consolidation of each of the existing 8,00,00,000 equity shares of Re 1/- each in the capital of the Company on which the sum of Re 1/- is credited as fully paid up into 80,00,000 equity shares of Rs 10/- each of which the sum of Rs 10/- shall be credited as fully paid up. And hence the existing 10 equity share of Re 1/ each fully paid up be consolidated into 1 equity shares of Rs 10/- each fully paid up, and consequential amendments in the Memorandum and Articles of Association of the Company.