Interface Financial - Outcome of Board Meeting

Interface Financial Services Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2008, inter alia, has transacted the following:

1. The Board has noted the resignation of Shri. Himal K Parikh as a Managing Director and Director of the Company and has expressed their gratitude for the services rendered by him during the tenure of his directorship.

2. The Board has considered reconstitution of various committees on resignation of Shri Himal K Parikh as follows:

Audit Committee: Smt. Roopa S. Shah, Chairman
Shri Mahesh C Shah
Shri Bhupendra K Shah

Shareholders' Grievance Committee: Shri Mahesh C Shah
Shri Praful S Shah
Smt Roopa S Shah

Remuneration Committee: Shri Mahesh C Shah
Shri Praful S Shah
Shri Bhupendra K Shah

3. The Board of the Company has approved re-issue of forfeited 30,31,000 shares of Re 1/- each at a face value of Re 1/- to such persons as the Board may deed fit after getting necessary approvals from the concerned regulatory authorities.