Aadi Industries - Outcome of AGM

Aadi Industries Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on September 17, 2009, inter alia, have accorded the following:

1. Adoption of Audited Accounts for the year ended March 31, 2009 alongwith the Reports of the Directors and Auditors thereon.

2. Re-appointment of Mrs. Mansi Shah & Mr. Shardul Shah as Directors of the Company.

3. Appointment of M/s. Sunderji Gosar & Co., Chartered Accountants as Statutory Auditors of the Company.

4. Appointment of Mr. C. R. Mehta & Mr. Surjit Banga as Directors of the Company.

5. Increase in Authorised Share Capital of the Company from Rs. 10 Crore to Rs. 25 Crores by creation of 1.5 Crore new Equity Shares of Rs. 10/- each.

6. Alteration of Articles of Association to reflect the increase in Authorised Share Capital.

7. Delisting of Equity Shares of the Company from Vadodara Stock Exchange Ltd (VSE).

8. Amendment to the terms of appointment of Mr. Rushabh Shah, Chairman and Managing Director by way of payment of remuneration inclusive of salary and perquisites for the period from July 01, 2009 to January 31, 2011.