Hasti Finance EGM outcome

Hasti Finance Ltd has informed that the Board of Directors of the Company at its meeting held on May 30, 2008, has approved to call the Extra Ordinary General Meeting on July 01, 2008, to pass the following:

1. As the existing auditors has expressed their inability to continue to act as auditors of Company, the Company has recommended M/s. Vivek Kumar Agarwal & Co., Chartered Accounts, Chennai for conducting the Audit for the financial year 2007-2008 and to hold office till the conclusion of the next Annual General Meeting of the Company.

2. Re-issuance / sale of 3,77,400 forfeited shares of the Company is considered for raising capital through re-issue / sale for further expansion of business.

3. As the Ahmedabad & Madras Stock Exchanges are not active in trading and shares of the Company is not traded past few years. Moreover the shares of the Company is been traded actively in the Bombay Stock Exchange Ltd, hence the Company is considering De-listing of the Shares from these Exchanges.