Hyderabad, December 29, 2006

Lanco Global Systems Ltd has informed that the members at the 7th Annual General Meeting (AGM) of the Company held on December 29, 2006, inter alia, have accorded to the following:

	Adoption of the Balance Sheet as at March 31, 2006, the Profit and Loss Account for the year ended on that date, the Reports of the Directors and Auditors
	Re-appointment of Shri. G Bhaskara Rao and Dr. Prasada Rao VDM Ravella as Directors of the Company
	Appointment of M/s. P Murali & Co., Chartered Accountants, Hyderabad as the Auditors of the Company from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms and condition

About LGS

enables real time enterprise computing through the deployment of mission critical applications for clients. Our global clientele includes Fortune 500 companies and Government Agencies. Our business knowledge in key verticals such as Financial Services, Healthcare, Manufacturing, Chemicals, Life Sciences, Government, Energy and Retail helps us provide solutions specific to the needs and focus on delivering business value for our clients.is a global IT Services provider with its Registered Office & Headquarters in Hyderabad, India.is listed on the Bombay Stock Exchange. For more information, please visit our website www.lgsglobal.com

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Contact for Media:

Priya Vasireddy : priya.vasireddy@lgsglobal.com

Contact for Investor Relations/Legal:

M.Jagadeeshwara Rao, Company Secretary: jagadeesh.mabagapu@lgsglobal.com