Karuna Cables - Outcome of EGM

Karuna Cables Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 18, 2009, inter alia, have accorded the following:

1. The shareholders has approved the change of name of the Company from KARUNA CABLES LTD to GLOBUS CORPORATION LTD in the Extra ordinary general meeting of the Company held on July 18, 2009.

2. The shareholders has approved the appointment of new Auditors M/s. Sandip V Doshi & Co. to fill the casual vacancy caused by resignation of existing auditor M/s. Bhoopendra Maheshwari & Co. in the Extra Ordinary general meeting of the Company held on July 18, 2009.

The Company is in the process of making necessary application to ROC.