Apeego Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on June 20, 2008, inter alia, have accorded the following:

1. Annual Accounts of the Company for the year ended on March 31, 2008 along with Directors Report, Auditors Report were approved and adopted.

2. Re-appointment of retiring director, Mr. Madhav Shanbhag was approved.

3. Members approved the appointment of M/s. G M Purohit & Company, Chartered Accountant, Mumbai as a Statutory Auditors of the Company in place of the existing statutory auditors of the Company.

4. Additional directors of Mr. Madhusudhan Deora, Mrs. Manju Sureka, Mr. Mahendrakumar More and Mr. Natwar Sureka were confirmed as directors of the Company.

5. Members approved the appointment of Mr. Natwar Sureka as Whole Time Director of the Company for a period of five years with effect from April 06, 2008 to April 05, 2013.

6. Members have approved the change in the name of the Company from “Apeego Ltd” to “Frontline Business Solutions Ltd”.

7. The resolution for commencement of new business as per amended object clause was passed by the members.

In the said Annual General Meeting, result of postal ballot was also declared for the following items:

1. Passing of special resolution for amendment in the Main Object Clause of Memorandum of Association by inserting new clause number 1 and deleting existing clause numbers 1 & 2.

2. Passing of special resolution for amendment in “Objects incidental or ancillary to the attainment of the Main Objects” by inserting clause number 2 has been passed.