Choice International - Outcome Of AGM

Choice International Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on August 31, 2007, inter alia, have accorded to the following:

1. Adoption of the audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account as at and for the year on that date together with the Reports of the Directors & the Auditors thereon.

2. Re-appointment of Mr. Dhananjay Datar, as a Director of the Company, liable to retire by rotation.

3. Appointment of M/s. Gupta Shyam & Co., Chartered Accountants, Mumbai as Auditors of the Company to hold the office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.

4. Appointment of Mr. Hansraj Goyal, Mr. Vivek Jain & Mr. Indresh Goyal, as Directors of the Company.

5. Appointment of Mr. Hansraj Goyal as Managing Director of the Company with effect from March 05, 2007 for a period of 5 years, on remuneration terms & conditions.

6. Authority to the Board to re-issue, 1,73,900 forfeited partly paid Shares for non payment of allotment money, of Rs 10/- each for cash at par, to such persons as the Board may in its absolute discretion deem fit and proper and upon such terms and conditions as it may deem, fit, in order to meet the long term working capital requirements of the Company, subject to necessary provisions & approvals.