Farmax Retail - Outcome of Board Meeting

Farmax Retail (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2009, has approved the following items of business:

1. The Notice of the Postal Ballot for approval of Shareholders for alteration of Objects Clause of the Memorandum of Association and for Change of the Name of the Company to Farmax India Ltd.

2. Appointment of Mr. B L Chandrasekhar Sarma, Company Secretary, Hyderabad as Serutinizer for conducting above said postal ballot.

3. Calendar of events for the said postal ballot.

4. Authorization to Mr. M. Srinivasa Reddy, Managing Director and Mr. M. Malla Reddy, Executive Director for carrying out the postal ballot process.