KS Oils - Outcome of AGM

KS Oils Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have approved the following:

1. Audited Balance Sheet as at March 31, 2009, Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.

2. Declaration of dividend @ 18% on paid up value of equity shares to those members of the Company whose name appears on the register of members as on September 30, 2009.

3. Reappointment of Mr. Saurabh Garg, Mr. Sanjay Agarwal and Mr. B. N. Singh as directors liable to retire by rotation.

4. Appointment of M/s. Haribhakti Co., Chartered Accountants, as the auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting.

5. Mr. J. P. Singh & Mr. R. K. Nagar, additional Directors appointed as a Director of the Company whose period of office will be liable to determination by retirement by rotation.

6. Mr. Vivek Sett, Additional Director appointed as a Director of the Company whose period of office will not be liable to determination by retirement by rotation.

7. The Articles of Association of the Company altered by inserting new Articles as specified in notice.