Action Financial - Board Meeting on Sep 04, 2009

Action Financial Services India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 04, 2009, inter alia, to transact the following business:

1. To consider and approve Directors' Report for the year ended March 31, 2009.

2. To consider and approve the notice of convening Annual General Meeting for the year ended March 31, 2009.

3. To consider the issuance of warrants, convertible into equity shares, subject to necessary approvals of members and other authorities as my be required, on preferential basis and

4. To ratify / approve the extension of redemption period of Preference Shares.