Kalpena Industries - Outcome of AGM

Kalpena Industries Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 15, 2009, inter alia, have approved the following resolutions / businesses, unanimously/ with requisite majority:

1. Adoption of Balance Sheet as at March 31, 2009 and the Profit & Loss A/c for the year ended on that date along with the Auditors' Report and the Directors' Report thereon.

2. Declaration of Dividend @ 20% i.e. Rs. 2.00 per equity shares of Rs. 10/- each for the year ended March 31, 2009.

3. Re- appointment of Dr. P. Ghosh, as Director of the Company, retired by rotation.

4. Re- appointment of M/S. D.C. Dharewa & Co, Chartered Accountants, Kolkata as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting of the Company at such remuneration as may be decided by the Board.

5. Recalling of ordinary resolution passed at the Extra - Ordinary General Meeting held on April 26, 2009 regarding increase of Authorized capital from Rs. 12 Crores to Rs. 15 Crores and amending clause V of the Memorandum of Association.

6. Recalling of Special Resolution passed at the Extra - Ordinary General Meeting held on April 26, 2009 regarding amendment of Articles of Association of the Company.

7. Recalling of Special Resolution passed at the Extra - Ordinary General meeting held on April 26, 2009 regarding issue and allotment of 9,50,000 Compulsory Convertible Debentures (CCDs) to Banyan Tree Growth Capital L.L.C (BTCG) and Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V.(FMO).