Integrated Logistics Ltd has knowledgeable that Board of Directors for this Company at its meeting held on January 30, 2008, inter alia, has transact the following industry :

1. The Remuneration group of the Board of  Directors which comprise of the Three Directors Such as Mr. P S G Nair, Mr. Farrokh S Wadia and Dr. Muffazal Lakdawala has been re-designated as payment and recompense group and Mr. Sandeep P Parikh, a Director of the Company, has been chosen as one of the member of the payment and the recompense Committee. The Remuneration and Compensation Committee has been entrusted by Board of Directors with in commission of formulating a appropriate Employees Stock Option Scheme  for the Employees, Officers and Directors of the Company, within structure of Securities and swap Board of India Guidelines, 1999.

For formulating an ESOS the payment and recompense Committee will have power to seek relevant in order from any employees / officers of the Company in this regard, to obtain outside legal or professional give advice, to secure audience of outsiders with relevant expertise, if careful necessary, to appoint and duly pay consultant / Advisors etc and to do all other acts and things as are relevant for formulation of an effectual ESOS.

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