Reliable Ventures - Outcome of AGM

Reliable Ventures India Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have approved the following:

1. Adoption of Audited Balance Sheet of the Company as at March 31, 2009 and Profit & Loss Account of the Company for the 12 months period ended on that date.

2. Reappointment of Mr. Chandan Mitra & Mr. Parkash Singh as Directors to retire by rotation.

3. Reappointment of M/s. MAK & Associates, the retiring auditors as Auditors of the Company to hold office as such from the conclusion of this Annual General Meeting (16th AGM) till the conclusion of the next Annual General Meeting of the Company at a remuneration to be decided by the Board of Directors.

4. To Appoint Mr. Arun Bhatnagar as Director to retire by rotation.