Financial Eyes - Outcome Of Board Meeting

Financial Eyes India Ltd has informed that the Board of Directors of the Company at its meeting held on February 28, 2007, has discussed and approved the following:1. To discontinue the Non Banking Financial Activities with immediate effect and also to make an application with Reserve Bank of India for deregistration under Section 45-IA of the RBI Act, 1934.The Board authorized Mr. S Saraban to file such application and to do all the acts that are required in this respect.2. To Grant Corporate Guarantee to its subsidiary for investment in Real Estate or any other business activities.3. To give Bids, Bonds, guarantees and formal guarantees for International Business and for participating in International Tenders.