Fortune Financial Services India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 26, 2008, inter alia, has also transacted the following business:

1. Re-appointment of Mr. J T Poonja as Whole time Director, designated as Executive Chairman of the Company for the period of five years commencing from July 01, 2008 subject to the approval of members.

2. Re-appointment of Mr. Diptesh Shah as Whole time Director of the Company for the period of five years commencing from July 01, 2008 subject to the approval of members.

3. Resignation by Mr. Nimish Shah as Executive Vice Chairman and appointment as Managing Director on fresh terms for the period of five years commencing from July 01, 2008 subject to the approval of members.