Patel Integrated - Outcome of AGM

Patel Integrated Logistics Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have transacted the following:

1. Received, considered and adopted the audited Balance Sheet and the Profit and Loss Account as at and for the year ended March 31, 2009 and the Reports of the Directors and Auditors thereon.

2. Declared a dividend of Re 1.00 per share i.e. a dividend @ 10% on the paid-up share capital of the Company.

3. Mr. Sandeep P. Parikh, who was retiring by rotation, was re-appointed as the Director of the Company.

4. Appointed MSP & Co. Chartered Accountants, as the Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company.

5. Approved the reappointment of Mr. Areef A. Patel as the Whole time Director designated as Executive Vice Chairman.

6. Approved commencement, pursuant to section 149 (2A) of the Companies Act, 1956, of the business as envisaged under clause 33 of the Memorandum of Association of the Company.