Arman Lease - Outcome Of AGM

Arman Lease & Finance Ltd has informed that the members at the 15th Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet as at March 31, 2007 & Profit & Loss Account for the year ended on March 31, 2007 and the Directors Report and the Auditors Report thereon.

2. Re-appointment of Shri. Jayendra Patel, Shri. Kaushikbhai D Shah & Shri. Ritaben Patel as Directors of the Company.

3. Re-appointment of M/s. J T Shah and Company, Chartered Accountants, Ahmedabad, as Auditors of the Company to hold the office of Auditors from the conclusion of this Annual General Meeting until conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.

4. Appointment of Shri. Aakash Patel as a Director of the Company, liable to retire by rotation.