Ladderup Finance - Outcome of Board Meeting

Ladderup Finance Ltd has informed that the Board of Directors of the Company at its meeting held on July 02, 2007, inter alia, has taken the following decisions:1. Shri. Saurabh Agarwal, Executive Director has been authorised by the Board for finalizing the day, date, time and place of the 14th Annual General Meeting of the Company and for book closure dates. The same shall be intimated to you in due course.2. The Board has appointed Shri. Burzin Somandy as Additional independent Non-executive Director of the Company.3. It has been decided to nominate Shri. Burzin Somandy on the Board of Ladderup Corporate Advisory Pvt Ltd, wholly owned subsidiary of the Company.4. Shri. Narayan Pasari, Independent Non-Executive Director of the Company liable to retire by rotation, has expressed his unwillingness to be re-appointed at forthcoming annual general meeting. Accordingly, he will cease to be director at the forthcoming annual general meeting at the Company.