PSI Data - Outcome Of AGM

PSI Data Systems Ltd has informed that the members at the 30th Annual General Meeting (AGM) of the Company held on July 16, 2007, inter alia, have accorded to the following:

1. Adoption of the Profit and Loss Accounts of the Company for the year ended March 31, 2007, the Balance Sheet of the Company as at that date together with the Directors Report and the Auditors Report thereto.

2. Re-appointment of Mr. Adesh Gupta and Mr. Damodar Ratha, as Directors of the Company, liable to retire by rotation.

3. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Bangalore, as Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.

4. Appointment of Mr. Dev Bhattacharya and Dr. Bharat K Singh, as Directors of the Company, liable to retire by rotation.

5. Appointment of Mr. Sampath Iyengar, Chief Executive Officer as Manager of the Company to hold office as such for a period not exceeding 3 years with effect from April 26, 2007, on remuneration, terms and conditions.