Explicit Finance - Outcome of AGM

Explicit Finance Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 22, 2009, inter alia, has unanimously approved the following:

1. Adoption of Audited Balance Sheet of the Company as on March 31, 2009 and the Profit & Loss Account for the year ended on that date together with the Reports of Directors and Auditors thereon.

2. Re-appointment of Mr. Deepak Oza & Mr. Jayesh Jain as Directors of the Company, liable to retire by rotation.

3. Re-appointment of M/s. MVK Associates, Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this AGM till the Conclusion of next AGM of the Company.

4. Delisting of shares of the Company from Ahmedabad Stock Exchange Ltd., Jaipur Stock Exchange Ltd, And Madhya Pradesh stock Exchange Ltd.