Saturday, February 16, 2008

Financial Eyes - Outcome Of Board Meeting

Financial Eyes India Ltd has informed that the Board of Directors of the Company at its meeting held on February 15, 2008, inter alia, has discussed the following:

1. The Board of Directors has decided to take shareholders consent, authority and approval through Postal Ballot for the following items:

(a) Change in Main Object Clause.

(b) Increase in the Authorized Share Capital and Alteration of the Memorandum of Association and Article of Association of the Company.

(c) Appointment of Whole - Time Director

(d) Allowing FII to invest

(e) Preferential Allotment through ADR / GDR issue.

2. The Board of Directors has appointed Mr. Praveen Rastogi (FCS), as scrutinizer for the purpose of Postal Ballot.

3. The Board of Directors has also authorized Mr. Mukund Sharan, Director and Ms. Hitesh, Company Secretary of the Company as officers authorized to ensure smooth conduct of the Postal Ballot process.

4. The Board of Directors has approved Notice along with its explanatory statement to be sent to its shareholders under section 192A of the Companies Act, 1956

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