NIIT Technologies - Outcome Of AGM

NIIT Technologies Ltd has informed that the shareholders at the 15th Annual General Meeting (AGM) of the Company held on July 25, 2007, inter alia, have approved the following resolutions unanimously:

1. Adoption of the Profit and Loss Account for the financial year 2006-07 together with the Balance Sheet as on that date and the Reports of the Auditors and the Directors there on.

2. Declaration of dividend @ 65%.

3. Re-appointment of Mr. Vijay K Thadani & Mr. Amit Sharma as Directors of the Company.

4. Appointment of M/s. Price Waterhouse, Chartered Accountants as Statutory Auditors of the Company.

5. Approval for increase in authorized capital of the Company from Rs 45,00,00,000/- to Rs 75,00,00,000/- by way of amendment in Memorandum of Association of the Company.

6. Approval for alteration of association of the Company.

7. Approval for issue of bonus shares in the ratio of 1:2 (one equity share for every two equity shares held).

8. Approval for appointment of Mr. Rajendra S Pawar as Managing Director of the Company, designated as Chairman and Managing Director.

9. Approval for minimum remuneration payable to Mr. Rajendra S Pawar, Chairman and Managing Director.

10. Approval for appointment of Mr. Arvind Thakur as Joint Managing Director of the Company, designated as Chief Executive Officer and Joint Managing Director.

11. Approval for minimum remuneration payable to Mr. Arvind Thakur, Chief Executive Officer and Joint Managing Director.