IFSL - Outcome of AGM

IFSL Ltd has informed that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have approved the following business:

1. Adoption of the Audited Balance Sheet as at March 31, 2008, Profit and Loss Account for the period ended on that date and the reports of the Board of Directors and Auditors thereon.

2. Appointment of Mr. Ashish Mohapotra as Director of the Company liable to retire by rotation.

3. Appointment of M/s. Omprakash Agrawal & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of the Annual General Meeting until the conclusion of the next Annual General Meeting, at a remuneration to be decided by the Board of Directors and the Statutory Auditors.