KGN Industries - Outcome of Board Meeting

KGN Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 23, 2009, has taken the following decisions:

1. Alteration in Object Clause of the Memorandum of Association of the Company so as to include the oil and gas related activities.

2. Appointment of Scrutinizer.

3. Approval of calendar of events of Postal Ballot.

4. Issue notices to members of the Company along with postal ballot forms.