Mysore Petro - Outcome of AGM

Mysore Petro Chemicals Ltd has informed BSE that the members at the 39th Annual General Meeting (AGM) of the Company held on June 20, 2009, inter alia, have approved the following:

1. Adoption of Audited Statement of Accounts of the Company for the year ended March 31, 2009 and the Directors Report.

2. Re-appointment of Mr. M M Jayakar as the Director of the Company liable to retire by rotation.

3. Re-appointment of M/s. Hariharan & Co. Chartered Accountants, Bangalore as the Statutory Auditors of the Company from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company at a remuneration to be fixed by the Board of Directors.

4. Appointment of Mr. Shrikant Somani as the Director of the Company liable to retire by rotation.

5. Issue of warrants aggregating to 10,00,000 to M/s. Pentafour Commercial Pvt. Ltd. (7,00,000 warrants) and M/s. Vindhyachal Mercantile Pvt. Ltd. (3,00,000 warrants) of the face value of Rs 26/- per warrant to be convertible into 10,00.000 equity shares of the face value of Rs 10/- each plus premium of Rs 16/- per share within a period of 18 months from the date of allotment.