CHL - Outcome of AGM

CHL Ltd has informed BSE that the members at the 30th Annual General Meeting (AGM) of the Company held on September 23, 2009, inter alia, have accorded to the following:

1. Adopted the Audited Balance Sheet as at March 31, 2009 and the Profit and Loss Account for the year ended on that date and the Reports of Directors and Auditors thereon.

2. Re-appointed Mr. A K Malhotra, Mr. O P Bajaj & Mr. Kumud Malhotra as Directors retiring by rotation.

3. Declared final dividend at Rs 1.50 per share on the filly paid up equity shares of Rs 10/- each of the Company (15% Final Dividend) for the financial year ended March 31, 2009 aggregating to 30% dividend (including 30% interim dividend) absorbing Rs 384.81 lacs (including corporate tax on dividend) for the financial year 2008-2009.

4. Appointed M/s G Rai & Co. as the auditor of the Company from the conclusion of this AGM till the conclusion of next AGM.

5. Approved the enhancement of borrowing limits of the Company upto Rs 600 Crores.

6. Approved the enhancement of investment limit of the Company upto Rs 600 Crores.