Indiainfoline AGM

India Infoline Ltd has informed that the Board of Directors of the Company at its meeting held on October 23, 2007, inter alia, has considered and approved the following:

1. With a view to reconsolidate the insurance distribution business of the wholly owned subsidiaries namely India Infoline Insurance Services Ltd and India info Insurance Brokers Ltd, the existing investments of the Company in the above two wholly owned insurance subsidiaries be transferred to India Infoline Marketing Services Ltd (wholly owned subsidiary). The transfer will be as per the valuation of Chartered Accountants.

2. As per the authorization of the shareholders for increase in the limits of investments by FIIs in the Company's shares, the board approved increase in FII limits upto 100% of the equity of the Company.

3. With a view to meet the real estate requirements of the Company, primarily for its own office space and training centre requirements, the Board approved to make investments in a separate subsidiary to have better focus and monitoring of capital deployed. The Board has appointed a Committee of Directors to finalize the plan.

4. Mr. Sanjiv Ahuja, an Independent Director, tendered his resignation from the board of the Company. The same has been accepted by the Board.