NHN Corporation - Outcome Of EGM

NHN Corporation Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 15, 2008, inter alia, have accorded the following:1.(a) Special resolution for issue on preferential basis 500000 Equity shares of the face value of Rs 10 per share, at par, aggregating to Rs 50,00,000 to NHN Group Employee Trust which is not the promoter or person acting in concert with promoters.(b) Special resolution for issue on preferential basis 200000 Equity shares of the face value of Rs 10 per share, at par, aggregating to Rs 20,00,000 to the preferential individuals, which is not the promoter or person acting in concert with promoters.2. Special resolution for appointment of Mr. Vikram Doshi to hold the office as Managing Director of the company for a period of five years from December 17, 2007 to December 16, 2012 (both days inclusive).3. Ordinary resolution for appointment of G C Patel & Co., Chartered Accountants, Mumbai as the statutory auditors of the Company in the casual vacancy caused due to the resignation of Paresh Shah & Co. Chartered Accountant Mumbai.

NHN Corporation - Outcome Of Board Meeting

NHN Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on December 17, 2007 has decided as under:

1. Appointment of Mr. Vikram A Doshi as Managing Director.

2. Appointment of Ms. Leena V Doshi as Director.

3. Acceptance of resignation of Mr. Vineet Doshi.

4. Resignation of Auditor M/s. Paresh B Shah & Co and Appointment of G C Patel & Co as statutory Auditor.

5. Approval of EGM Notice.