Techno Forge : Outcome Of AGM - Aug 04 , 2008

Techno Forge Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on July 31, 2008, inter alia, have unanimously passed the following resolutions:

1. Adoption of Audited Profit & Loss Account for the year ended March 31, 2008, Balance Sheet as at that date and Directors and Auditors Report.

2. Shri. Rahul Parikh & Shri. Atul M Raizada, retiring Directors was re-appointed.

3. Mrs. Majithia & Associates, Chartered Accountants, Mumbai were re-appointed as Statutory Auditors until the conclusion of next Annual General Meeting.

4. Shri. Amit Dalal was appointed as Director of the Company, liable to retire by rotation.

5. The Board of Directors were authorised to borrow and creation of charge upto Rs 100 crores.

6. Delisting of shares from Vadodara Stock Exchange Ltd and Ahmedabad Stock Exchange Ltd was approved and the Board was authorised to do take necessary steps for delisting.

Techno Forge - Outcome Of Board Meeting

Techno Forge Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2008, inter alia, has unanimously passed the following resolutions:

1. The Board has unanimously re-constituted Audit Committee and Remuneration Committee.

2. The Board has unanimously passed resolution for offering / issuing of Equity Shares to the Promoters / Directors and their relatives on a Preferential / Private Placement basis, subject to approval of necessary authorities.