Geojit Financial - Outcome of Board Meeting

Geojit Financial Services Ltd has informed that the Board of Directors of the Company at its meeting held on May 19, 2007, has approved the following matters subject to the consent of the shareholders at the ensuing Annual General Meeting:1. Amendment of the Memorandum and Article of Association of the Company to change the name of the Company to Geojit BNP Paribas Financial Services Ltd.2. Amendment of the Articles of Association of the Company to give effect to the terms of agreements executed with BNP Paribas S.A. for preferential allotment of equity shares and convertible warrants made in March 2007.The Board has also decided to treat the interim dividend of 40% declared during January 2007 as the final dividend for the financial year 2006-07.