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Greycells Entertainment - Outcome of Board Meeting

Greycells Entertainment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has transacted the following:

1. Appointment of Mr. Nowshir Engineer as an Additional Director of the Company w.e.f. July 01, 2008. He shall hold the position of Managing Director (International Operations) of the Company.

2. Appointment of Mr. Deepak Choudhary as an Additional Director of the Company w.e.f. July 01, 2008. He shall hold the position of Managing Director (Indian Operations) of the Company.

3. Appointment of Dr. Anil Naik as an Additional Director of the Company w.e.f. July 01, 2008. He shall hold position as Non-executive Independent Director of the Company.

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