Rain Commodities - Updates on Outcome of AGM

Rain Commodities Ltd has informed BSE that the Shareholders of the Company at the 34th Annual General Meeting held on June 17, 2009 have approved through Postal Ballot the Buy back of Company's own fully paid up Equity Shares of Rs 10/- each to the extent not exceeding 40,56,801 Equity Shares being 5.73% of the total paidup Equity Capital of the Company at a price not exceeding Rs 127/- (Rupees One Hundred and Twenty Seven only) per Equity Share from the Open Market through Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd, (Buy Back) and the total aggregate amount to be expended by the Company for the Buyback not exceeding Rs 51,52,13,727/- (Rupees Fifty One Crores Fifty Two Lakhs Thirteen Thousand and Seven Hundred Twenty Seven only) i.e. not exceeding 11.58% of the total paid-up capital and free reserves of the Company as per the audited Balance Sheet as at December 31, 2008, subject to necessary provisions & approvals.