Accentia Technologies Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on December 17, 2007, inter alia, have resolved the following:

1. Adopted the Accounts for the year ended March 31, 2007.

2. Confirmed the Appointment of Retiring Directors by Rotation and being eligible reappointed the retiring directors.

3. Confirmed the Appointment of M/s. Durgesh Kabra & Co, Chartered Accountants as Auditors of the Company.

4. The AGM Further ratified Foreign Investment Promotion Board’s approval to issue of 9,16,667 number of equity shares of Rs 10/- each at a premium of Rs 170/- on preferential basis to the shareholders of foreign acquisition companies namely M/s. GSR PBS INC, USA and M/s. GSR Systems Inc, USA and M/s. Denmed Transcription Services Inc, USA.