Himadri Chemicals - Result of Postal Ballot

Himadri Chemicals & Industries Ltd has informed BSE that the shareholders of the Company by way of postal ballot, have approved the following Resolutions at the deemed Extra Ordinary General Meeting held on August 22, 2009:

Special Resolution:

1. Issue of further shares and securities including ADR, GDR and / or Convertible Bonds FCD, PCD, and / or other securities which are convertible into Equity shares not later than sixty months from the date of allotment (QIP Securities) up to an aggregate principal amount of 1000 Crores, as a Special Resolution in terms of Section 81(1A) of the Companies Act, 1956.

Ordinary Resolution:

2. Increase in Authorized Capital of the Company from Rs 50 Crores to Rs 70 Crores by an Ordinary Resolution in terms of Section 94 and consequential amendment in Clause V of the Memorandum of Association of the Company.